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.
1-bedroom, 1-bathroom apartment of 60 m², built in 1974. Located on rua Pedro Reinel, 16, Cascais e Estoril parish, Cascais municipality, Lisbon district. Noteworthy Feature: The property, although legally categorized as a storage room, provides a bright, renovated space in a central location, making it a unique investment opportunity for creative usage.
The valuation. The asking price of €200,000 is €14,636 (6.8%) below the fair value of €214,636, indicating a fair valuation for this property. Buy-to-flip angle. A buy-to-flip strategy may yield gains by enhancing the apartment’s aesthetic appeal; modest renovations could target a resale price above the purchase cost. Buy-to-let angle. With an estimated rental income of €1,183/month, the gross yield stands at 7.1%, making it an attractive buy-and-hold investment in a mixed neighborhood like Cascais e Estoril.
Fair value modelled at €214,636 from 6 comparable sales in the area. Asking €200,000 sits €14,636 (6.8%) below — the upside to fair value.
Asking €200,000 versus the rua Pedro Reinel, 16 area baseline of €185,956 (€3,099/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €185,956, adjusted for condition and micro-location, gives a modelled fair value of €214,636 (€3,577/m²), a €14,636 (6.8%) gap versus the €200,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Pedro Reinel, 16 | Subject | €200,000 | €3,333 | — | 65 | 70 |
| Cascais e Estoril · 1f34a7 | Active | €340,000 | €3,617 | 8.5% | 67 | 69 |
| rua Manuel Correia, 5 | Active | €283,000 | €3,538 | 6.1% | 62 | 74 |
| Cascais e Estoril · 4a4478 | Active | €260,000 | €3,059 | 8.2% | 55 | 76 |
| Cascais e Estoril · 89e65f | Active | €340,000 | €4,359 | 30.8% | 66 | 69 |
| Median comp | €311,500 | €3,578 | 7.3% | 64 | 72 |
Long-term rental The property presents a gross yield of 7.1%, aligning well with typical rental expectations in Cascais. Its fair pricing of €200,000 indicates the potential for stable income over the long term, albeit with limited upside. Family rental The apartment’s size and location make it suitable for family-oriented tenants, which is evidenced by a neighbourhood rating of 70/100. While it is in fair condition, any extended family renting will benefit from the suburban environment and accessibility to local amenities. Buy-and-hold Investing in this property as a buy-and-hold strategy is feasible, given its relatively stable valuation close to fair value at €200,000. However, the premium price, despite the expected yield, suggests a cautious approach in assessing future appreciation potential. Not ideal for luxury market With the property priced at €200,000 and in fair condition, it does not cater to the luxury market segment, which usually targets high-end finishes and higher-price points. The characteristics of this apartment do not align with luxury buyer expectations. Not ideal for short-term rental The location and condition of the apartment suggest challenges in achieving consistency in short-term rental income, especially given the fair valuation. Such investments typically require properties to be in premium condition and located in high-demand tourist areas, which this property does not fulfill. Not ideal for student housing While the property is in a suburban area with good amenities, its price point and condition indicate it may not attract cost-sensitive student renters. The lack of proximity to major educational institutions further limits its attractiveness for this demographic.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 70/100, there is a notable risk of fluctuations in rental income and potential vacancies that could impact overall profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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