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 apartment of 88 m² on the 2nd floor, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts a fireplace with heat recovery in the living room and two balconies that enhance outdoor accessibility and natural light.
The valuation. The asking price of €385,000 is €20,131 (5.0%) below the fair value of €405,131, indicating that the property is currently priced at a fair value in the market. This positions it as a reasonable option for potential buyers.
Fair value modelled at €405,131 from 6 comparable sales in the area. Asking €385,000 sits €20,131 (5.0%) below — the upside to fair value.
Asking €385,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €342,943 (€3,897/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €342,943, adjusted for condition and micro-location, gives a modelled fair value of €405,131 (€4,604/m²), a €20,131 (5.0%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 622a1f | Subject | €385,000 | €4,375 | — | 78 | 76 |
| avenida 24 de Julho, 88 | Active | €630,000 | €6,300 | 44.0% | 62 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4a4555 | Active | €360,000 | €4,235 | 3.2% | 72 | 68 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a63 | Active | €339,500 | €4,527 | 3.5% | 80 | 79 |
| rua Cor-de-Rosa | Active | €880,000 | €4,681 | 7.0% | 70 | 81 |
| Median comp | €495,000 | €4,604 | 5.2% | 71 | 77 |
Long-term rental This property presents an opportunity for a long-term rental investment, offering a gross yield of 3.4%. With a fair value only 5.0% above the listing price, the investment remains stable amidst the suburban context near Lisbon. Buy-and-hold Holding this property could yield moderate returns as it is fairly positioned within a neighborhood rated 76/100, appealing to steady demand for residential living near Lisbon. The respectable condition rating of 75/100 adds further assurance for long-term value retention. Family rental Targeting families for rental occupancy aligns well with the neighborhood's amenities and safety ratings, making this property a reasonable choice for long-term family housing. At a fair valuation, it caters to the increasing demand for quality living spaces in suburban districts close to economic opportunities.
[Tenant turnover risk] With a tenant stability score of 70/100, there is a significant risk of increased turnover, which could lead to higher vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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