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, 2-bathroom duplex of 99 m², built in 1982, energy rating E. Located on rua do Armeiro-Mor, 13, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The property includes two independent balconies perfect for outdoor relaxation and boasts an attic bedroom with large skylights, enhancing both space and natural light.**
The valuation. The asking price of €319,900 sits €28,489 (9.8%) above the fair value of €291,411, indicating that this property is fairly priced in the current market context. Buy-to-flip angle. A resale strategy can target an attractive markup, leveraging the high-quality condition and finishes to appeal to buyers in the competitive Almada market. Buy-to-let angle. With a projected rental income of €1,066/month, the gross yield of 4% positions this property as a solid option for long-term family rentals, benefiting from strong demand in suburban Lisbon.
Fair value modelled at €291,411 from 6 comparable sales in the area. Asking €319,900 sits €28,489 (9.8%) above — overpriced versus fair value.
Asking €319,900 versus the rua do Armeiro-Mor, 13 area baseline of €248,840 (€2,514/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €248,840, adjusted for condition and micro-location, gives a modelled fair value of €291,411 (€2,944/m²), a €28,489 (9.8%) gap versus the €319,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Armeiro-Mor, 13 | Subject | €319,900 | €3,231 | — | 78 | 77 |
| praça da Portela, 9 | Active | €310,000 | €3,407 | 5.4% | 81 | 80 |
| rua Ramalho Ortigão | Active | €324,000 | €2,613 | 19.1% | 70 | 72 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 10.7% | 80 | 78 |
| travessa da Liberdade | Active | €280,000 | €2,617 | 19.0% | 77 | 78 |
| Median comp | €317,000 | €2,752 | 14.8% | 79 | 78 |
Long-term rental The property’s gross yield of 4% aligns well with the steady demand for long-term rentals in suburbs like Almada. With a fair value of €291,411 compared to the listing price of €319,900, investors can expect stable returns but must be cautious of the slight markup. Buy-and-hold Positioning this 3-bed duplex as a buy-and-hold investment would capitalize on the economic stability of the suburban Lisbon area. Investors should note that while it is priced fairly, the existing gap to fair value indicates limited immediate upside potential, making it a stable but not aggressive choice for long-term appreciation. Family rental With a neighborhood rating of 77/100 and amenities that cater to families, this property is well-suited for family rentals. Although valued fairly, the property is competitive in this demographic, offering solid rental demand but also suggesting that aggressive pricing may limit investment appeal.
Economic vulnerability The economic stability score of 80 indicates a relatively strong economy, but the tenant stability score of 75 suggests the risk of potential tenant turnover could impact sustained rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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