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, 2-bathroom penthouse of 90 m² on the 2nd floor, built in 1986, energy rating C. Located on avenida 23 de Julho, 383, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: The property boasts a pleasant balcony and an enclosed laundry area, enhancing functionality while providing excellent views of the surrounding neighborhood.
The valuation. The asking price of €349,500 is €31,047 (9.7%) above the fair value of €318,453, indicating that the property is fairly priced but offers limited room for negotiation. Buy-to-flip angle. With high-quality finishes throughout, this property can be targeted for a quick resale strategy, appealing to buyers seeking modern amenities and a desirable location for a potential profit. Buy-to-let angle. The estimated rental income of €874/month translates to a gross yield of approximately 3%, making this penthouse a suitable option for a long-term rental strategy in a mixed neighborhood close to Lisbon.
Fair value modelled at €318,453 from 6 comparable sales in the area. Asking €349,500 sits €31,047 (9.7%) above — overpriced versus fair value.
Asking €349,500 versus the avenida 23 de Julho, 383 area baseline of €284,243 (€3,158/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €284,243, adjusted for condition and micro-location, gives a modelled fair value of €318,453 (€3,538/m²), a €31,047 (9.7%) gap versus the €349,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida 23 de Julho, 383 | Subject | €349,500 | €3,883 | — | 75 | 73 |
| rua Dom Manuel I, 16 | Active | €315,000 | €3,247 | 16.4% | 75 | 77 |
| rua Natália Correia | Active | €380,000 | €3,619 | 6.8% | 75 | 72 |
| rua Damião Peres, 4 | Active | €310,000 | €3,647 | 6.1% | 72 | 75 |
| rua Rainha D. Leonor | Active | €369,000 | €3,765 | 3.0% | 75 | 75 |
| Median comp | €342,000 | €3,633 | 6.4% | 75 | 75 |
Long-term rental This property exhibits a 3% gross yield, which reflects its fair pricing relative to the current market valuation. Its proximity to Lisbon and the adequate tenant quality supports sustainable demand in the long-term rental segment. Family rental With a decent condition rating of 80/100 and neighbourhood amenities rated at 73/100, this penthouse could appeal to families seeking comfortable living outside the city. The local schools and safety conditions further enhance its attractiveness as a family rental option. Buy-and-hold The property is fairly valued at €349,500 with a gap of 9.7% compared to its fair value, indicating stable pricing in the current market. Given the solid demand fueled by Lisbon's proximity, it could represent a reliable buy-and-hold investment for the future.
Economic and Tenant Volatility: With both economic stability and tenant stability scores at 70/100, there is a risk of potential fluctuations in rental income and occupancy rates, which could affect overall profitability.
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
