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, 1-bathroom apartment of 66 m² on the 3rd floor, built in 1969, energy rating D. Located on rua de Manjacaze, Olivais parish, Lisbon municipality, Lisbon district. Noteworthy Feature: The property features a balcony with excellent sun exposure, enhancing its appeal for outdoor relaxation and potential gardening opportunities. Potential: High appreciation potential due to its prime location near Lisbon Airport.
The valuation. The asking price of €320,000 sits €10,000 (3.0%) below the fair value of €330,000, indicating a reasonable assessment for potential investors. This property is fairly valued, making it an appealing option for financial consideration.
Fair value modelled at €330,000 from 5 comparable sales in the area. Asking €320,000 sits €10,000 (3.0%) below — the upside to fair value.
Asking €320,000 versus the rua de Manjacaze area baseline of €339,673 (€5,147/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 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 €339,673, adjusted for condition and micro-location, gives a modelled fair value of €330,000 (€5,000/m²), a €10,000 (3.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Manjacaze | Subject | €320,000 | €4,848 | — | 42 | 76 |
| Sacavém e Prior Velho · 49b949 | Active | €279,000 | €3,361 | 30.7% | 45 | 76 |
| rua Barão de Sabrosa | Active | €448,000 | €4,978 | 2.7% | 48 | 86 |
| rua Cidade de Porto Alexandre, 202 | Active | €350,000 | €5,147 | 6.2% | 38 | 77 |
| Olivais · 6fbcc9 | Active | €380,000 | €5,000 | 3.1% | 60 | 74 |
| Median comp | €365,000 | €4,989 | 2.9% | 47 | 77 |
Long-term rental The property at €320,000 is priced fairly against a fair value of €330,000, making it a stable investment for consistent cash flow. With a gross yield of 3.9% in a neighborhood rated 76/100, this property offers an attractive option for long-term tenants seeking suburban living. Family rental At a fair value of €330,000, the 3-bed apartment in Olivais provides a reasonable opportunity for family rentals in a well-rated neighborhood. Given the property’s average condition score of 45/100, it may require some improvements to fully attract and retain family tenants. Buy-and-hold This property, assessed at a fair value of €330,000, stands as a viable buy-and-hold investment, promising steady long-term value appreciation in the Greater Lisbon area. The relatively low gross yield of 3.9% paired with the neighborhood's strong rating underlines the potential for gradual capital growth over time.
Tenant instability risk Despite a tenant stability score of 70/100, the potential for turnover could lead to increased vacancy rates and associated costs, impacting overall investment returns.
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