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 130 m² on the 5th floor, energy rating C. Located Areeiro parish, Lisbon municipality, Lisbon district. Noteworthy Feature: This property includes two dedicated parking spaces and features an emergency exit through the kitchen, enhancing both convenience and safety for the residents.
The valuation. The asking price of €390,000 sits well below its fair value of €583,634, representing a discount of €193,634 (33.2%). This property is positioned as underpriced, making it an attractive opportunity for investors.
Fair value modelled at €583,634 from 6 comparable sales in the area. Asking €390,000 sits €193,634 (33.2%) below — the upside to fair value.
Asking €390,000 versus the Areeiro, Lisbon, Lisbon area baseline of €480,733 (€3,698/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €480,733, adjusted for condition and micro-location, gives a modelled fair value of €583,634 (€4,489/m²), a €193,634 (33.2%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Areeiro · 626f19 | Subject | €390,000 | €3,000 | — | 65 | 88 |
| parque da Bela Vista | Active | €279,000 | €3,930 | 31.0% | 65 | 80 |
| rua Norte Júnior | Active | €330,000 | €5,077 | 69.2% | 70 | 82 |
| Santo António · 8ee69e | Active | €675,000 | €5,233 | 74.4% | 75 | 79 |
| travessa Santa Marta | Active | €550,000 | €4,622 | 54.1% | 70 | 88 |
| Median comp | €440,000 | €4,850 | 61.7% | 70 | 81 |
Long-term rental The 2-bed apartment in Areeiro presents a compelling opportunity for long-term rental with a fair value significantly exceeding the listing price, indicating a potential upside of 33.2%. The gross yield of 4.9% suggests a steady income stream, bolstered by the neighbourhood's high ratings in quality and amenities. Short-term vacation rental Investing in this property for short-term vacation rentals is attractive given its strategic location within Lisbon's urban core and the strong potential to capture tourism. The market gap to fair value underscores that it could command premium rates, enhancing overall profitability. Luxury market Positioning this property within the luxury market may capitalize on the upscale appeal of Areeiro, especially given its robust condition rating and neighbourhood amenities. With the current valuation underscoring its premium quality, the property could attract discerning buyers looking for an upscale living experience. Not ideal for student housing The characteristics of this property and its location make it less suitable for student housing, as the pricing and amenities do not align with typical student budgetary constraints or needs. The mature market appeal suggests a focus on more stable, long-term tenant profiles rather than transient student populations. Not ideal for agricultural investment This urban property is distinctly unsuited for agricultural investment due to its context within a city landscape with no associated land for farming purposes. The real estate dynamics and neighborhood character reinforce its nature as a residential asset rather than an agricultural one. Not ideal for industrial development Given its urban location and residential nature, this 2-bed apartment is ill-suited for industrial development, which typically requires larger plots of land and zoning considerations. The neighbourhood ratings and the focus on living space further diminish its potential for industrial use.
Tenant turnover risk: Despite a tenant stability score of 80/100, there is potential for increased tenant turnover, which could disrupt cash flow and lead to additional costs for vacancies and re-leasing.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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