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, 2-bathroom apartment of 92 m² on the 3rd floor, built in 2026, energy rating B. Located on rua das Canastras, 10, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Features: The apartment showcases unique decorative tile work that reflects the traditional craftsmanship of Alfama, enhancing its modern aesthetic with a touch of local heritage.
The valuation. The asking price of €580,000 sits significantly below the fair value of €845,405, representing a staggering discount of €265,405 (31.4%). This property is clearly underpriced, presenting a compelling opportunity for investors.
Fair value modelled at €845,405 from 6 comparable sales in the area. Asking €580,000 sits €265,405 (31.4%) below — the upside to fair value.
Asking €580,000 versus the rua das Canastras, 10 area baseline of €808,223 (€8,785/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €808,223, adjusted for condition and micro-location, gives a modelled fair value of €845,405 (€9,189/m²), a €265,405 (31.4%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Canastras, 10 | Subject | €580,000 | €6,304 | — | 88 | 82 |
| largo Conde-Barão | Active | €620,000 | €8,378 | 32.9% | 78 | 83 |
| praça D. Pedro | Active | €1,500,000 | €11,811 | 87.3% | 88 | 83 |
| Santa Maria Maior · 4bc154 | Active | €850,000 | €5,743 | 8.9% | 85 | 82 |
| Misericórdia · 28ba63 | Active | €900,000 | €10,000 | 58.6% | 85 | 79 |
| Median comp | €875,000 | €9,189 | 45.8% | 85 | 83 |
Long-term rental The 2-bed apartment in Santa Maria Maior, listed at €580,000, represents a strong opportunity for long-term rental, supported by a substantial fair value of €845,405, indicating it is underpriced by 31.4%. With a gross yield of 3.7% and the property’s high condition rating of 85/100, this investment aligns well with the growing demand from expatriates and tourists in the area. Short-term vacation rental This apartment's strategic location near Lisbon’s central amenities positions it perfectly for short-term vacation rentals, making it attractive to tourists seeking quality stays. Given the property’s underpricing of 31.4% compared to its fair value of €845,405, investors can capitalize on increased tourism while enjoying a favorable yield of 3.7%. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold asset is appealing due to its significant fair value of €845,405 and the current listing price of €580,000, which indicates it is underpriced by 31.4%. The 85/100 condition score enhances its potential for appreciation and sustained demand in a vibrant neighborhood, making this a wise long-term investment choice.
Tenant turnover risk With a tenant stability score of 65/100, there is a significant risk of higher tenant turnover, which can lead to increased vacancy rates and associated costs over time.
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