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 101 m² on the 1st floor, energy rating D. Located on largo das Olarias, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy feature: The apartment boasts a magnificent 25m² terrace with unobstructed views of São Jorge Castle, providing a serene outdoor retreat in the heart of Lisbon's historic center.
The valuation. The asking price sits at €395,000, which is significantly below the fair value of €749,559, indicating a compelling opportunity for investors. This represents a discount of €354,559, or 47.3% underpriced.
Fair value modelled at €749,559 from 6 comparable sales in the area. Asking €395,000 sits €354,559 (47.3%) below — the upside to fair value.
Asking €395,000 versus the largo das Olarias area baseline of €716,607 (€7,095/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €716,607, adjusted for condition and micro-location, gives a modelled fair value of €749,559 (€7,421/m²), a €354,559 (47.3%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo das Olarias | Subject | €395,000 | €3,911 | — | 76 | 81 |
| calçada do Conde de Penafiel, 26 | Active | €1,350,000 | €7,297 | 86.6% | 82 | 81 |
| Misericórdia · 4bc671 | Active | €555,000 | €8,409 | 115.0% | 75 | 80 |
| calçada de Santo André S / N | Active | €230,000 | €5,476 | 40.0% | 80 | 90 |
| rua Marques da Silva | Active | €415,000 | €7,545 | 92.9% | 78 | 87 |
| Median comp | €485,000 | €7,421 | 89.8% | 79 | 84 |
Long-term rental The strong demand for residential properties in central Lisbon positions this 2-bed apartment as an attractive long-term rental option, with a gross yield of 5%. Given its fair value significantly exceeds the listing price, this investment capitalizes on the potential for consistent cash flow and appreciation over time. Short-term vacation rental With its prime location in Santa Maria Maior, this property presents a lucrative opportunity for short-term vacation rentals, appealing to tourists and business travelers alike. The gap between the listing price and fair value suggests promising returns, enhancing its attractiveness as a vacation rental investment. Luxury market Positioned in a sought-after area of Lisbon, this apartment is ideally suited for entry into the luxury market, catering to affluent buyers or investors seeking high-end properties. The significant underpricing compared to its fair value emphasizes its potential for appreciation, making it a strategic acquisition for luxury real estate. Not ideal for student housing Given the profile of the neighborhood and overall property conditions, this apartment is not an optimal choice for student housing. The demand dynamics and rental yield suggest it serves better in markets where longer-term tenants seek quality, well-located accommodations.
Tenant turnover risk High tenant turnover can lead to increased vacancy rates and costs, given the tenant stability score of 75/100, indicating potential instability in tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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