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.
2-bedroom, 1-bathroom apartment of 65 m², built in 1960, energy rating C. Located on rua Afonso Galo, 29, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features a private balcony that enhances outdoor living and is situated within a low-rise building, promoting a serene environment and community feel.
The valuation. The asking price of €280,000 sits €76,518 (21.5%) below the fair value of €356,518, indicating the property is subpriced in the current market. This presents an attractive opportunity for potential investors. Buy-to-flip angle. With strategic renovations targeting the high-quality features, this property can be flipped for a profit given its advantageous purchase price and desirable location. A focus on modern updates could yield significant resale gains in this suburban area. Buy-to-let angle. The estimated rental income of €863 per month translates to a gross yield of 3.7%, making it a viable option for long-term rental strategies. The property’s condition and neighborhood rating suggest strong demand from families seeking quality housing.
Fair value modelled at €356,518 from 6 comparable sales in the area. Asking €280,000 sits €76,518 (21.5%) below — the upside to fair value.
Asking €280,000 versus the rua Afonso Galo, 29 area baseline of €321,735 (€4,950/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 €321,735, adjusted for condition and micro-location, gives a modelled fair value of €356,518 (€5,485/m²), a €76,518 (21.5%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Afonso Galo, 29 | Subject | €280,000 | €4,308 | — | 74 | 77 |
| Almada, Cova da Piedade, Pragal e Cacilhas · dc152c | Active | €375,000 | €4,808 | 11.6% | 80 | 70 |
| rua João Jacinto de Magalhães | Active | €295,000 | €4,683 | 8.7% | 78 | 73 |
| rua Prior do Crato | Active | €498,000 | €6,640 | 54.1% | 80 | 80 |
| avenida Heliodoro Salgado, 7 | Active | €210,000 | €5,676 | 31.8% | 70 | 75 |
| Median comp | €335,000 | €5,242 | 21.7% | 79 | 74 |
Family rental This 2-bed apartment in Almada offers an attractive yield of 3.7%, making it a viable option for families seeking long-term accommodation. The neighbourhood's strong amenities and tenant quality ratings of 77/100 enhance its appeal to potential renters. Buy-and-hold Investing in this property allows for capital appreciation potential, as it is currently listed at a price 21.5% below its fair value of €356,518. The location in a Greater Lisbon suburban area adds further stability and growth prospects to this buy-and-hold strategy. Long-term rental With a solid tenant quality metric and a fair condition rating of 75/100, this apartment is well-suited for long-term rental arrangements. The gap to fair value suggests that maintaining this property could yield considerable returns over time, capitalizing on its subvalorizada status in the market.
Economic downturn risk A decrease in economic stability scored at 80 may affect tenant stability rated at 75, leading to potential rent defaults or vacancies.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
