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 apartment of 98 m², energy rating B. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The property includes a spacious terrace, perfect for outdoor entertaining, and is situated just a short walk from the banks of the Tagus River.
The valuation. The asking price of €350,000 sits 7.6% below the fair value of €378,839, indicating that the property is priced fairly. This presents a stable opportunity for potential buyers. Buy-to-flip angle. Utilizing a buy-to-flip strategy may yield a profit margin, considering a well-executed renovation could increase the property's appeal and resale value. The aim would be to capitalize on local demand for upgraded apartments. Buy-to-let angle. The estimated rental income of €1,079 per month results in a gross yield of 3.7%, targeting either families or long-term tenants. This strategy supports steady cash flow in a desirable area.
Fair value modelled at €378,839 from 6 comparable sales in the area. Asking €350,000 sits €28,839 (7.6%) below — the upside to fair value.
Asking €350,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €294,429 (€3,004/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €294,429, adjusted for condition and micro-location, gives a modelled fair value of €378,839 (€3,866/m²), a €28,839 (7.6%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 8751d2 | Subject | €350,000 | €3,571 | — | 85 | 72 |
| rua Padre Adriano Botelho, 5 | Active | €545,000 | €4,739 | 32.7% | 85 | 84 |
| Laranjeiro e Feijó · 3df68e | Active | €398,000 | €4,103 | 14.9% | 78 | 74 |
| Laranjeiro e Feijó · be918a | Active | €295,000 | €4,214 | 18.0% | 80 | 74 |
| rua D. Francisco Xavier de Noronha | Active | €410,000 | €3,628 | 1.6% | 75 | 78 |
| Median comp | €404,000 | €4,159 | 16.4% | 79 | 76 |
Long-term rental This 3-bed apartment in Almada offers a fair gross yield of 3.7%, which aligns with the demand for stable long-term housing in the area. Given its condition rating of 84/100 and proximity to Lisbon, this property could attract reliable tenants seeking a quality living environment. Family rental With a favorable condition score of 84/100 and a family-friendly neighborhood rating of 72/100, this property is positioned well for families looking for spacious accommodations. The fair value aligns with the potential for consistent rental income in a mixed residential area with suburban amenities. Buy-and-hold Investing in this apartment as a buy-and-hold strategy could yield steady appreciation over time, considering its fair valuation relative to local market conditions. The combination of reasonable yield and desirable neighborhood features supports a long-term investment perspective in Almada.
Economic Vulnerability Due to a strong economic stability score of 80/100, any downturn could significantly impact tenant stability, currently rated at 65/100, leading to potential vacancies or reduced 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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