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 70 m² on the 2nd floor, built in 1983, energy rating C. Located on rua Galileu Saúde Correia, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Feature: The apartment includes two private balconies, ideal for outdoor relaxation and enhancing its appeal as a cozy urban retreat in a vibrant neighborhood.
The valuation. The asking price of €278,000 sits only €1,739 (0.6%) below the fair value of €279,739, indicating that the property is priced fairly within the current market expectations. Buy-to-flip angle. With a focus on resale, the strategy targets minor cosmetic upgrades to increase appeal and market value, seeking a profitable turnover within a short time frame. Buy-to-let angle. The rental income strategy aims for a gross yield of 3.8%, generating approximately €880 per month, which offers sustainable cash flow in the desirable Greater Lisbon area.
Fair value modelled at €279,739 from 6 comparable sales in the area. Asking €278,000 sits €1,739 (0.6%) below — the upside to fair value.
Asking €278,000 versus the rua Galileu Saúde Correia area baseline of €254,395 (€3,634/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €254,395, adjusted for condition and micro-location, gives a modelled fair value of €279,739 (€3,996/m²), a €1,739 (0.6%) gap versus the €278,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Galileu Saúde Correia | Subject | €278,000 | €3,971 | — | 74 | 72 |
| praça Gil Vicente | Active | €320,000 | €4,000 | 0.7% | 70 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 19f645 | Active | €315,000 | €4,038 | 1.7% | 80 | 71 |
| rua do Clube Recreativo da Ramalha S / N | Active | €310,000 | €4,026 | 1.4% | 72 | 75 |
| rua de São Lourenço Poente | Active | €258,000 | €3,308 | 16.7% | 76 | 73 |
| Median comp | €312,500 | €4,013 | 1.0% | 74 | 74 |
Family rental The 2-bed apartment in Cova da Piedade is adequately positioned for family rental given its proximity to Lisbon, providing access to urban amenities and a solid job market. However, with a fair value of €279,739 and a meager gap of 0.6%, the pricing reflects a balanced awareness of local market conditions, making it a sensible choice for family tenants. Buy-and-hold Investing in this property for a buy-and-hold strategy appears justified given the fair valuation and a respectable gross yield of 3.8%. The positive neighbourhood rating of 72/100 implies a stable long-term investment, though potential appreciation might be limited due to the existing fair price. Long-term rental The apartment serves as a suitable option for long-term rental, with its condition rated 76/100 indicating reasonable upkeep. While the yield of 3.8% aligns with passive income expectations, the current price being fairly aligned with its market value underscores it as an appropriate investment without significant upside potential.
Tenant turnover risk The property may face higher tenant turnover due to a tenant stability score of 65/100, indicating potential instability in occupancy rates that could impact rental income and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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