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.
4-bedroom, 2-bathroom apartment of 110 m² on the 1st floor, built in 1970, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Property Features: This apartment boasts a sizeable balcony perfect for outdoor relaxation and is conveniently situated near the Cacilhas River Terminal for swift ferry access to Lisbon. Note: Requires updates throughout, especially in kitchen and bathrooms.
The valuation. The asking price of €360,000 sits €42,525 (13.4%) above the fair value of €317,475, indicating that the property is overpriced. This discrepancy suggests potential challenges in recouping the investment upon resale.
Fair value modelled at €317,475 from 6 comparable sales in the area. Asking €360,000 sits €42,525 (13.4%) above — overpriced versus fair value.
Asking €360,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €308,657 (€2,806/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 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 €308,657, adjusted for condition and micro-location, gives a modelled fair value of €317,475 (€2,886/m²), a €42,525 (13.4%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · f14db4 | Subject | €360,000 | €3,273 | — | 42 | 75 |
| rua União Piedense, 53 | Active | €293,000 | €2,688 | 17.9% | 55 | 76 |
| Laranjeiro e Feijó · 875123 | Active | €280,000 | €3,373 | 3.1% | 62 | 77 |
| rua Conde Castelo Melhor | Active | €300,000 | €3,000 | 8.3% | 60 | 73 |
| rua Alves Redol, 72 | Active | €280,000 | €2,772 | 15.3% | 52 | 75 |
| Median comp | €286,500 | €2,886 | 11.8% | 58 | 76 |
Long-term rental The property is listed at €360,000, which represents a 13.4% gap from the fair value of €317,475, indicating it is overpriced. With a gross yield of 4% and a condition score of 48/100, it poses a moderate risk for long-term rental investment due to its valuation. Family rental While the apartment is situated in a family-oriented neighborhood with a decent overall score of 75/100, the property’s price of €360,000 is not aligned with its fair value of €317,475, making it overpriced. This could limit family rental demand, especially with a condition score of 48/100 indicating that upgrades may be required. Buy-and-hold The buy-and-hold strategy does not seem ideal for this property since it is priced at €360,000, reflecting a 13.4% premium over its fair value of €317,475, thus labeling it overpriced. The potential growth in the housing market may not justify this high entry point, especially considering the apartment's modest condition score of 48/100. Not ideal for The property is not suitable for the luxury market due to its current condition score of 48/100 and the fact that it is overpriced at €360,000. Additionally, it is less appealing for short-term vacation rentals and student housing in a suburban area with moderate urban density.
Dependence on tenant stability The property has a tenant stability score of 70/100, indicating a potential risk of vacancy or turnover that could affect rental income.
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