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 50 m² on the 2nd floor, built in 1951, energy rating D. Located on rua 1º de Maio, 11, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. This apartment uniquely features a small balcony that offers a serene river view, enhancing the overall living experience with a tranquil outdoor space.
The valuation. The asking price of €280,000 is €3,933 (1.4%) below the fair value of €283,933, indicating that this property is fairly priced for the market. The valuation reflects good quality finishes and a desirable location.
Fair value modelled at €283,933 from 6 comparable sales in the area. Asking €280,000 sits €3,933 (1.4%) below — the upside to fair value.
Asking €280,000 versus the rua 1º de Maio, 11 area baseline of €265,163 (€5,303/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €265,163, adjusted for condition and micro-location, gives a modelled fair value of €283,933 (€5,679/m²), a €3,933 (1.4%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 1º de Maio, 11 | Subject | €280,000 | €5,600 | — | 75 | 71 |
| Carnaxide e Queijas · d1dcd2 | Active | €329,000 | €5,393 | 3.7% | 78 | 66 |
| rua Ramalho Ortigão | Active | €360,000 | €5,455 | 2.6% | 75 | 71 |
| rua Doutor Manuel de Arriaga | Active | €325,000 | €7,558 | 35.0% | 84 | 76 |
| rua José Duarte Pedroso, 7 | Active | €367,600 | €8,169 | 45.9% | 80 | 75 |
| Median comp | €344,500 | €6,507 | 16.2% | 79 | 73 |
Long-term rental The property in Algés shows a fair valuation at €280,000, only 1.4% below its fair value of €283,933. With a gross yield of 4.3%, it presents a reasonable option for steady rental income in a suburban area with good access to Lisbon's amenities and employment opportunities. Family rental This 1-bed apartment, while not ideal for short-term or luxury markets, can serve as a practical family rental given its fair value assessment. The neighbourhood's residential nature, combined with a decent tenant quality rating, supports its attractiveness for families seeking housing in the Lisbon metropolitan area. Buy-and-hold With its current fair pricing, this property is a stable buy-and-hold investment, situated in a neighbourhood that provides access to typical amenities and employment opportunities. The apartment's 4.3% yield represents a solid foundation for passive income, despite modest growth prospects in the market.
Economic Volatility Risk With an economic stability score of 70/100, the property may face challenges during economic downturns that could affect rent collection and tenant retention. Tenant Turnover Risk The tenant stability score of 65/100 indicates a higher likelihood of tenant turnover, potentially leading to increased vacancy rates and costs associated with new tenant acquisition.
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