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 102 m², energy rating D. Located on avenida Almirante Reis, Arroios parish, Lisbon municipality, Lisbon district. Noteworthy Features: The property offers two balconies and a substantial 40 m² attic space, ideal for creating a personalized leisure area or office. Condition: Good overall condition with a mix of modern and classic features.
The valuation. The asking price of €580,000 sits €33,695 (5.5%) below the fair value of €613,695, reflecting a sound investment opportunity without being undervalued or overpriced. This property is priced consistently with the local market conditions. Buy-to-flip angle. This apartment, well-positioned in a high-demand area, can be strategically enhanced and resold for a profit due to its appealing finishes and modern fixtures. A targeted renovation could elevate market appeal, maximizing returns on a short-term flip strategy. Buy-to-let angle. With an estimated gross yield of 3.2% translating to approximately €1,547 per month, this property offers solid rental income potential. Its high demand in the neighborhood supports a reliable cash flow for long-term rental investments.
Fair value modelled at €613,695 from 6 comparable sales in the area. Asking €580,000 sits €33,695 (5.5%) below — the upside to fair value.
Asking €580,000 versus the avenida Almirante Reis area baseline of €576,177 (€5,649/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €576,177, adjusted for condition and micro-location, gives a modelled fair value of €613,695 (€6,017/m²), a €33,695 (5.5%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Almirante Reis | Subject | €580,000 | €5,686 | — | 74 | 87 |
| Penha de França · 653061 | Active | €479,900 | €5,999 | 5.5% | 74 | 82 |
| Penha de França · 25f4b6 | Active | €469,000 | €5,790 | 1.8% | 68 | 86 |
| avenida da Liberdade | Active | €500,000 | €7,937 | 39.6% | 72 | 82 |
| Santa Maria Maior · f3656b | Active | €525,000 | €6,034 | 6.1% | 78 | 83 |
| Median comp | €489,950 | €6,017 | 5.8% | 73 | 83 |
Long-term rental The property offers a gross yield of 3.2%, which aligns with the prevailing rental market in Arroios. Given its fair value status, it can generate steady rental income while meeting the demands of a quality tenant base in a high-demand area. Short-term vacation rental While the property is located in a prime area of Lisbon that typically attracts tourists, the current yield of 3.2% may not justify the effort and costs associated with short-term rentals. The assessment indicates a fair price, suggesting no immediate opportunity for significant return enhancement in this strategy. Buy-and-hold This investment should be viewed as a stable asset in a neighborhood rated 87/100, reflecting strong demand and tenant quality. However, with the property fairly valued at €580,000, there is limited upside potential for appreciation in the near term. Not ideal for: Student housing The property's neighborhood dynamics indicate a greater appeal to a diverse tenant base rather than being specifically suited for student housing. Given the current fair value price point, targeting this demographic may not yield the desired returns compared to other strategies.
Potential Revenue Fluctuation The strong economic stability score of 90/100 suggests low economic downturn risk, but the tenant stability score of 80/100 indicates a moderate chance of tenant turnover, which could affect cash flow.
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