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 72 m² on the 2nd floor, built in 1991, energy rating D. Located on largo José da Silva Chaves, 3, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts a pleasant balcony accessible from one bedroom and a practical pantry in the kitchen for enhanced storage solutions.
The valuation. The asking price of €355,000 is slightly above the fair value of €344,462, indicating a premium of €10,538 (3.1%). This property is valued fairly, suggesting a stable investment opportunity without immediate risk of overvaluation.
Fair value modelled at €344,462 from 6 comparable sales in the area. Asking €355,000 sits €10,538 (3.1%) above — overpriced versus fair value.
Asking €355,000 versus the largo José da Silva Chaves, 3 area baseline of €315,379 (€4,380/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 €315,379, adjusted for condition and micro-location, gives a modelled fair value of €344,462 (€4,784/m²), a €10,538 (3.1%) gap versus the €355,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo José da Silva Chaves, 3 | Subject | €355,000 | €4,931 | — | 78 | 72 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 8ee898 | Active | €450,000 | €5,294 | 7.4% | 75 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4bc752 | Active | €315,000 | €4,846 | 1.7% | 73 | 76 |
| rua José da Silva Mendes S / N | Active | €265,000 | €4,649 | 5.7% | 70 | 81 |
| Almada, Cova da Piedade, Pragal e Cacilhas · d74871 | Active | €268,000 | €5,154 | 4.5% | 75 | 80 |
| Median comp | €291,500 | €5,000 | 1.4% | 74 | 78 |
Long-term rental The property offers a stable gross yield of 2.8%, which reflects the demand for long-term rentals in this suburban area. With proximity to Lisbon enhancing economic stability, this investment is well-suited for families seeking good quality of life. Buy-and-hold Holding this property could yield consistent rental income, given its fair valuation and the neighbourhood's strong attributes. The area's residential appeal, coupled with its decent condition rating of 79/100, positions it for potential value retention over time. Family rental With a neighbourhood rating of 72/100, this property aligns well with family needs, attracting long-term tenants looking for quality living. The proximity to amenities and educational facilities further enhances its appeal as a family rental investment.
Economic and Tenant Risk The property faces potential instability given both economic stability and tenant stability scores of 70/100, indicating a moderate risk of fluctuations in income and occupancy rates.
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