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, 0-bathroom apartment of 81 m², energy rating D. Located on rua Cidade Manchester, Arroios parish, Lisbon municipality, Lisbon district. The property features two balconies that enhance outdoor living space, complemented by a blend of traditional Lisbon architectural elements and modern finishes.
The valuation. The asking price of €450,000 is below the fair value of €537,119, indicating the property is subvalued by €87,119 (16.2%). This presents a compelling opportunity for investment in a desired location.
Fair value modelled at €537,119 from 6 comparable sales in the area. Asking €450,000 sits €87,119 (16.2%) below — the upside to fair value.
Asking €450,000 versus the rua Cidade Manchester area baseline of €505,572 (€6,242/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €505,572, adjusted for condition and micro-location, gives a modelled fair value of €537,119 (€6,631/m²), a €87,119 (16.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade Manchester | Subject | €450,000 | €5,556 | — | 75 | 83 |
| Penha de França · 653061 | Active | €479,900 | €5,999 | 8.0% | 74 | 82 |
| Santa Maria Maior · f3656b | Active | €525,000 | €6,034 | 8.6% | 78 | 83 |
| avenida da Liberdade | Active | €500,000 | €7,937 | 42.9% | 72 | 82 |
| Santa Maria Maior · ba57ab | Active | €599,900 | €7,228 | 30.1% | 78 | 90 |
| Median comp | €512,500 | €6,631 | 19.4% | 76 | 83 |
Long-term rental The property in Arroios presents a promising long-term rental strategy, given its fair value of €537,119 against the listing price of €450,000, indicating a potential upside of 16.2%. With a gross yield of 3.8% and an attractive neighborhood score of 83/100, this makes it an appealing option for securing stable rental income. Short-term vacation rental Given the prime urban characteristics and cultural proximity of Arroios, this property is well-positioned for a short-term vacation rental strategy. The listing price of €450,000, substantially below the fair value of €537,119, suggests an advantageous entry point into the lucrative Lisbon tourism market. Buy-and-hold Investing in this 3-bed apartment for a buy-and-hold strategy is favorable, as it allows for capital appreciation with the current gap of 16.2% relative to its fair value. The solid condition rating of 78/100 and the dynamic neighborhood make it a wise choice for long-term appreciation in a growing market. Not ideal for student housing While the apartment boasts favorable features, its market position and yield suggest it is not ideal for student housing endeavors. The neighborhood's characteristics may attract a different tenant demographic that does not align with typical student housing needs.
Tenant turnover risk High tenant turnover (30%) may lead to increased costs and vacancy periods, despite a stable economic environment (90/100).
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