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.
1-bedroom, 1-bathroom apartment of 56 m², built in 1975, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a pantry for additional storage and a balcony that offers captivating river views and ample natural light, enhancing the living experience.
The valuation. The asking price of €215,000 sits below the fair value of €224,685, indicating a favorable position with a difference of €9,685 (4.3%). Verdict: fair. Buy-to-flip angle. The buy-to-flip strategy would involve minor renovations and staging to enhance appeal, targeting a resale price above €224,685 for potential profit. Buy-to-let angle. Aimed at long-term rental, the property could generate an estimated gross yield of 4.3%, with a monthly income close to €770, making it attractive for steady cash flow.
Fair value modelled at €224,685 from 6 comparable sales in the area. Asking €215,000 sits €9,685 (4.3%) below — the upside to fair value.
Asking €215,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €213,185 (€3,807/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 is below the parish average, reducing 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 €213,185, adjusted for condition and micro-location, gives a modelled fair value of €224,685 (€4,012/m²), a €9,685 (4.3%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · ade689 | Subject | €215,000 | €3,839 | — | 56 | 73 |
| acesso Ás Praia | Active | €285,000 | €3,654 | 4.8% | 55 | 74 |
| rua Bento de Jesus Caraça, 55 | Active | €265,000 | €3,397 | 11.5% | 62 | 70 |
| Estrela · 956809 | Active | €290,000 | €5,686 | 48.1% | 42 | 77 |
| Caparica e Trafaria · 956b5e | Active | €275,000 | €3,929 | 2.3% | 65 | 74 |
| Median comp | €280,000 | €3,792 | 1.2% | 59 | 74 |
Long-term rental The 1-bed apartment in Almada offers a gross yield of 4.3%, which aligns with the market standards for long-term residential investment. Given the neighbourhood's decent quality rating of 73/100, this property can provide stable rental income. Family rental With its manageable size and the right amenities in the surrounding area, this apartment is suitable for family renters seeking affordable options in the Lisbon metropolitan region. Although it is fairly valued at €215,000, the property meets the demand for family housing despite not being a standout investment opportunity. Buy-and-hold The apartment's position within a strong suburban neighbourhood suggests it could appreciate in value over time, making it a reasonable buy-and-hold investment. While priced at €215,000 is fair compared to its estimated value, the potential for long-term growth remains moderate given current yields.
Tenant turnover risk A tenant stability score of 60/100 indicates a higher likelihood of tenant turnover, potentially leading to increased vacancy periods and associated costs.
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