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, 1-bathroom apartment of 68 m², energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment offers direct access to a private outdoor space and includes a laundry area integrated within the modern kitchen layout.
The valuation. The asking price of €285,000 sits €24,373 (9.4%) above fair value, which is €260,627. This property is valued fairly according to current market conditions and comparable sales. Buy-to-flip angle. The potential resale strategy involves renovating minor aspects to enhance appeal, targeting a market sale price above the acquisition cost after a short holding period. Upgrades can yield considerable returns, given the robust demand in the area. Buy-to-let angle. The expected rental income stands at approximately €998 per month, generating a gross yield of 4.2%. This strategy is suitable given the affluent neighborhood's desirability among families and professionals seeking long-term rentals.
Fair value modelled at €260,627 from 6 comparable sales in the area. Asking €285,000 sits €24,373 (9.4%) above — overpriced versus fair value.
Asking €285,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €203,615 (€2,994/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €203,615, adjusted for condition and micro-location, gives a modelled fair value of €260,627 (€3,833/m²), a €24,373 (9.4%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · ade5f4 | Subject | €285,000 | €4,191 | — | 74 | 80 |
| rua Gaspar Correia | Active | €265,000 | €3,118 | 25.6% | 65 | 74 |
| rua Vicente Borga | Active | €310,000 | €4,429 | 5.7% | 58 | 85 |
| parque da Paz | Active | €385,000 | €3,667 | 12.5% | 78 | 75 |
| rua Rio do Infante, 1 | Active | €315,000 | €3,750 | 10.5% | 72 | 74 |
| Median comp | €312,500 | €3,709 | 11.5% | 69 | 75 |
Long-term rental The 3-bed apartment in Almada offers a decent gross yield of 4.2%, which aligns well with the local rental market. However, given the fair valuation of €260,627 against the listing price of €285,000, the investment may not yield substantial returns in an uptrend market. Family rental The property is situated in a highly regarded neighborhood, scoring 80 for its family appeal and amenities, making it attractive for long-term family rentals. While the property is positioned fairly, the asking price indicates a limited margin for negotiation, which may hinder potential yields. Buy-and-hold With the local market showing steady appreciation, holding onto this apartment could benefit investors in the long term as the area remains sought after by families and professionals. Nevertheless, the fair value assessment suggests that any immediate capital appreciation is likely to be muted given the current pricing structure.
Economic Downturn Risk With an economic stability score of 80/100, there is a moderate risk of potential downturns affecting investment returns, especially in a fluctuating market. Tenant Turnover Risk A tenant stability score of 75/100 indicates a strong but not guaranteed likelihood of tenant retention, which may lead to increased vacancy rates and associated costs if turnover occurs.
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