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 70 m² on the 2nd floor, built in 1969, energy rating D. Located on rua José Carlos de Melo, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: This semi-detached house includes energy-efficient solar panels and a central vacuum system, enhancing both convenience and sustainability for modern living.
The valuation. The asking price of €285,500 sits above the fair value of €258,413 by €27,087 (10.5%). This places the property at fair value, aligning expectations for potential buyers.
Fair value modelled at €258,413 from 6 comparable sales in the area. Asking €285,500 sits €27,087 (10.5%) above — overpriced versus fair value.
Asking €285,500 versus the rua José Carlos de Melo area baseline of €231,261 (€3,304/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 €231,261, adjusted for condition and micro-location, gives a modelled fair value of €258,413 (€3,692/m²), a €27,087 (10.5%) gap versus the €285,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Carlos de Melo | Subject | €285,500 | €4,079 | — | 75 | 81 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 1f36fb | Active | €330,000 | €4,177 | 2.4% | 75 | 78 |
| rua da Cooperativa Piedense, 97 | Active | €360,000 | €3,789 | 7.1% | 80 | 80 |
| rua Maria Machado, 6 | Active | €345,000 | €3,594 | 11.9% | 78 | 75 |
| rua Afonso Galo | Active | €295,000 | €4,097 | 0.5% | 75 | 74 |
| Median comp | €337,500 | €3,943 | 3.3% | 77 | 77 |
Long-term rental The property's rental yield of 3.4% reflects its potential as a stable long-term investment, with solid demand stemming from its location near Lisbon. Given the fair valuation, this apartment can generate consistent rental income while yielding interest in a growing market. Buy-and-hold While the apartment is fairly priced, its proximity to Lisbon supports sustained price appreciation over the long term, appealing to buy-and-hold investors. With a condition score of 80 out of 100, the property remains an attractive option for potential value increase in the future. Family rental This 2-bed apartment located in a well-rated neighborhood (81/100) is ideally situated for family rentals, offering adequate space and amenities. Despite the current fair valuation, its appeal to families seeking longer-term accommodation near Lisbon can ensure steady occupancy rates.
Tenant turnover risk High tenant turnover could impact cash flow since a 75/100 tenant stability score indicates potential challenges in maintaining occupancy rates, translating to increased vacancy costs and inconsistent rental income.
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