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, 1-bathroom apartment of 76 m² on the 1st floor, energy rating C. Located on rua Padre Francisco do Recreio, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes high-security armored doors and modern, high-quality finishes, ensuring safety and comfort throughout the living space.
The valuation. The asking price of €375,000 is slightly above the fair value of €360,629, indicating a disparity of €14,371 (4.0%). This property is priced at a fair level considering current market conditions.
Fair value modelled at €360,629 from 6 comparable sales in the area. Asking €375,000 sits €14,371 (4.0%) above — overpriced versus fair value.
Asking €375,000 versus the rua Padre Francisco do Recreio area baseline of €311,398 (€4,097/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €311,398, adjusted for condition and micro-location, gives a modelled fair value of €360,629 (€4,745/m²), a €14,371 (4.0%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Padre Francisco do Recreio | Subject | €375,000 | €4,934 | — | 82 | 70 |
| Almada, Cova da Piedade, Pragal e Cacilhas · dc152c | Active | €375,000 | €4,808 | 2.6% | 80 | 70 |
| rua João Jacinto de Magalhães | Active | €295,000 | €4,683 | 5.1% | 78 | 73 |
| rua Afonso Galo, 29 | Active | €280,000 | €4,308 | 12.7% | 74 | 77 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 38c5c8 | Active | €390,000 | €5,065 | 2.6% | 78 | 73 |
| Median comp | €335,000 | €4,746 | 3.8% | 78 | 73 |
Long-term rental This property in Cova da Piedade presents a rental yield of 2.9%, which is moderate compared to the overall market context. With a fair value closely aligned to the listing price at €375,000, it offers a consistent return for long-term investors looking for stability in this suburban area near Lisbon. Family rental The 2-bed apartment’s features and condition rating of 85/100 make it suitable for families seeking well-maintained accommodation within a suburban setting. Although the neighbourhood scores a 70/100, it supports a reasonable yield considering the ample amenities and good public transport to Lisbon, aligning with family needs. Buy-and-hold Investors opting for a buy-and-hold strategy may find this property's alignment with fair value appealing despite its modest yield of 2.9%. The apartment’s competitive condition, combined with its proximity to Lisbon and family-oriented features, supports long-term capital appreciation, albeit with limited immediate returns.
Tenant turnover risk The tenant stability score of 65/100 indicates a moderate risk of turnover, which may lead to increased vacancy rates and associated costs.
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