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 studio of 38 m², built in 1950, energy rating D. Located on rua do Castelo Picão, 68, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Feature: This studio offers stunning views of São Jorge Castle, enhancing its charm and desirability in Lisbon's vibrant historical district.
The valuation. The asking price of €197,000 is significantly below the fair value of €281,346, creating an opportunity with a discount of €84,346 (30.0%). This makes the property particularly attractive for investors.
Fair value modelled at €281,346 from 6 comparable sales in the area. Asking €197,000 sits €84,346 (30.0%) below — the upside to fair value.
Asking €197,000 versus the rua do Castelo Picão, 68 area baseline of €273,827 (€7,206/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €273,827, adjusted for condition and micro-location, gives a modelled fair value of €281,346 (€7,404/m²), a €84,346 (30.0%) gap versus the €197,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Castelo Picão, 68 | Subject | €197,000 | €5,184 | — | 72 | 83 |
| calçada de Arroios | Active | €285,000 | €7,308 | 41.0% | 73 | 87 |
| rua da Cruz de Santa Apolónia | Active | €295,000 | €4,338 | 16.3% | 68 | 84 |
| Estrela · 6c7aa9 | Active | €285,000 | €7,500 | 44.7% | 70 | 80 |
| calçada de Santo André S / N | Active | €250,000 | €5,952 | 14.8% | — | 86 |
| Median comp | €285,000 | €6,630 | 27.9% | 70 | 85 |
Long-term rental The property, listed at €197,000, is currently subvalorizada, with a fair value of €281,346, creating significant upside potential for long-term rental income. With a robust gross yield of 5.8% and a solid neighbourhood rating of 83/100, it is well-positioned to attract quality tenants in Lisbon's thriving market. Buy-and-hold Acquiring this property offers a promising buy-and-hold strategy, as it is priced below its fair value by 30%. With Lisbon's status as a major employment hub and safe living conditions, the property's potential for appreciation in value over time is enhanced, making it an attractive investment. Luxury market While this studio is not positioned as a luxury property, its price of €197,000 presents an opportunity to enhance and market it with upscale amenities, leveraging the upscale neighbourhood earn a premium return. The current condition score of 68/100 indicates that with strategic improvements, this investment could tap into Lisbon's luxury market demand effectively.
Economic Dependency Risk The high economic stability score of 90 indicates a strong economy, but the tenant stability score of 80 suggests a moderate risk of tenant turnover that could impact cash flow.
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