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 92 m² on the 2nd floor, built in 1951, energy rating F. Located Santa Maria Maior parish, Lisbon municipality, Lisbon district. Unobstructed view over Lisbon and the Tejo highlights this property's unique potential for a premium rehabilitation project in a historically rich area with a submitted architectural plan.
The valuation. The asking price of €415,000 sits €35,315 (7.8%) below its fair value of €450,315, indicating a fair valuation. This offers prospective investors a reasonable entry point in the attractive Lisbon market.
Fair value modelled at €450,315 from 6 comparable sales in the area. Asking €415,000 sits €35,315 (7.8%) below — the upside to fair value.
Asking €415,000 versus the Santa Maria Maior, Lisbon, Lisbon area baseline of €454,425 (€4,939/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 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 €454,425, adjusted for condition and micro-location, gives a modelled fair value of €450,315 (€4,895/m²), a €35,315 (7.8%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Maria Maior · 86cd3b | Subject | €415,000 | €4,511 | — | 45 | 83 |
| calçada do Cardeal | Active | €275,000 | €4,508 | 0.1% | 30 | 85 |
| largo de Santos | Active | €675,000 | €6,750 | 49.6% | 60 | 83 |
| Areeiro · 49b6d2 | Active | €445,000 | €4,045 | 10.3% | 42 | 83 |
| rua do Sol À Graça, 18 | Active | €338,000 | €5,281 | 17.1% | 55 | 81 |
| Median comp | €391,500 | €4,895 | 8.5% | 49 | 83 |
Long-term rental The property offers a competitive yield of 4.5% gross, aligning with the established rental demand in central Lisbon, particularly in areas like Santa Maria Maior. Despite the condition rating of 43/100 indicating a need for improvements, the neighborhood quality score of 83/100 supports a steady rental income, making it a viable option for long-term investment. Short-term vacation rental With a fair value slightly above the listing price, the apartment meets the demand for short-term accommodations in a highly rated neighborhood, which enhances its attractiveness for vacation rentals. However, the property's condition rating suggests potential renovation needs that may impact its immediate profitability in this segment. Buy-and-hold Investing in this property as a buy-and-hold asset may yield steady returns, considering the 4.5% gross yield and the strong neighborhood rating of 83/100. While currently positioned fairly in the market, future value appreciation can be influenced by potential renovations, particularly given the property's lower condition score of 43/100. Not ideal for: Student housing Given the property's size and condition, it is not ideally suited for student housing, where typically higher turnover and specific amenities are preferred. The neighborhood rating is favorable, yet the current state of the apartment may not meet the expectations of this demographic, creating challenges in tenant retention.
Tenant turnover risk The tenant stability score of 60/100 indicates a potential for high tenant turnover, which may lead to increased vacancy periods and associated costs.
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