This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 85 m², energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This property features a spacious entrance hall that enhances the flow of natural light, and a generous balcony that provides an outdoor retreat in the heart of Almada.
The valuation. The asking price of €360,000 sits €31,320 (8.0%) below the fair value of €391,320, indicating that the property is fairly valued.
Fair value modelled at €391,320 from 6 comparable sales in the area. Asking €360,000 sits €31,320 (8.0%) below — the upside to fair value.
Asking €360,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €346,951 (€4,082/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €346,951, adjusted for condition and micro-location, gives a modelled fair value of €391,320 (€4,604/m²), a €31,320 (8.0%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 4a4555 | Subject | €360,000 | €4,235 | — | 72 | 68 |
| Estrela · cfde22 | Active | €975,000 | €5,909 | 39.5% | 75 | 80 |
| rua Bernardo Santareno, 2 | Active | €269,990 | €3,649 | 13.9% | 78 | 75 |
| avenida 24 de Julho, 88 | Active | €630,000 | €6,300 | 48.8% | 62 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a63 | Active | €339,500 | €4,527 | 6.9% | 80 | 79 |
| Median comp | €484,750 | €5,218 | 23.2% | 77 | 77 |
Long-term rental The property in Almada offers a gross yield of 3.7%, aligning with market expectations given its current condition and neighborhood rating. With a fair value assessed at €391,320, the listing price of €360,000 is commendable yet does not present a significant arbitrage opportunity for long-term rental investors. Buy-and-hold Investing in this apartment as a buy-and-hold strategy fits well within the context of Almada's stable economic environment and decent neighborhood amenities. While priced at €360,000, the property is fairly valued at €391,320, indicating that while it may not yield dramatic appreciation, it provides a secure investment with modest growth potential. Family rental As a family rental, this apartment's spacious layout and favorable proximity to Lisbon make it an attractive option for families seeking suburban living. Currently listed for €360,000 and fairly valued at €391,320, the property serves well for long-term family tenants but does not present a strong investment advantage due to the existing price alignment with fair market value.
Tenant turnover risk: With a tenant stability score of 65/100, there is a higher likelihood of tenant turnover, which could lead to increased vacancy periods and additional costs for the property owner.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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