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 40 m² on the 5th floor, built in 1973, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment offers stunning views of the Tagus River, enhancing its appeal and potential as a charming urban retreat. Condition Notes: The living spaces exhibit signs of wear, requiring updates in certain areas.
The valuation. The asking price of €248,000 exceeds the fair value of €221,193 by €26,807, representing a 12.1% premium. This property is considered overpriced in the current market. Buy-to-flip angle. Given its average condition and price point, a buy-to-flip strategy would necessitate cosmetic upgrades to maximize resale potential, targeting a quicker turnaround. Buy-to-let angle. With an estimated gross yield of 3.8% based on a projected rental income of €785/month, this property could serve as a stable long-term rental in a mixed neighborhood.
Fair value modelled at €221,193 from 6 comparable sales in the area. Asking €248,000 sits €26,807 (12.1%) above — overpriced versus fair value.
Asking €248,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €205,964 (€5,149/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €205,964, adjusted for condition and micro-location, gives a modelled fair value of €221,193 (€5,530/m²), a €26,807 (12.1%) gap versus the €248,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 3df60a | Subject | €248,000 | €6,200 | — | 63 | 74 |
| rua de São Bento, 222 | Active | €415,000 | €5,533 | 10.8% | 65 | 81 |
| avenida Dom Carlos I, 42A | Active | €450,000 | €9,375 | 51.2% | — | 80 |
| alameda de Guerra Junqueiro | Active | €210,000 | €5,526 | 10.9% | 70 | 74 |
| alameda de Guerra Junqueiro | Active | €220,000 | €5,116 | 17.5% | 66 | 77 |
| Median comp | €317,500 | €5,530 | 10.8% | 66 | 79 |
Long-term rental The 1-bed apartment in Almada is not ideal for long-term rental due to its 12.1% gap versus fair value, indicating that it is overpriced at €248,000. With a gross yield of 3.8%, the investment may offer insufficient returns for landlords seeking consistent rental income. Family rental While the neighbourhood rating of 74/100 suggests a decent living environment, the property’s current price makes it less appealing as a family rental option. Overpriced at €248,000, the expected yield of 3.8% does not justify the increased financial risk associated with family tenants seeking value for their housing costs. Buy-and-hold The opportunity for a buy-and-hold strategy is compromised by the property being overpriced at €248,000, exceeding its fair value by 12.1%. Given the condition score of 60/100, future capital appreciation prospects may be limited, reducing the attractiveness of holding the asset long-term.
Tenant turnover risk The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, which could lead to potential vacancy periods affecting cash flow.
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