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 96 m² on the 4th floor, built in 1983, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The apartment's two-front layout enhances ventilation and natural light, while its proximity to Pragal Football Field provides recreational opportunities just steps away.
The valuation. The asking price of €345,000 is €16,135 (4.9%) above the fair value of €328,865, indicating that the property is priced fairly given current market conditions. Buy-to-flip angle. With renovations targeting dated elements, this property can be flipped for a profit, capitalizing on the demand in the Greater Lisbon area. Buy-to-let angle. The estimated monthly rental income of €978 provides a gross yield of 3.4%, making this property a viable long-term rental investment option.
Fair value modelled at €328,865 from 6 comparable sales in the area. Asking €345,000 sits €16,135 (4.9%) above — overpriced versus fair value.
Asking €345,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €311,292 (€3,243/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €311,292, adjusted for condition and micro-location, gives a modelled fair value of €328,865 (€3,426/m²), a €16,135 (4.9%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 15e404 | Subject | €345,000 | €3,594 | — | 70 | 74 |
| parque da Paz | Active | €257,000 | €3,954 | 10.0% | 62 | 72 |
| Caparica e Trafaria · 6f4072 | Active | €248,000 | €3,351 | 6.7% | 72 | 68 |
| parque da Paz | Active | €242,000 | €3,184 | 11.4% | — | 82 |
| rua da Bela Vista | Active | €275,000 | €3,929 | 9.3% | 66 | 78 |
| Median comp | €252,500 | €3,640 | 1.3% | 66 | 75 |
Long-term rental The property offers a gross yield of 3.4%, which is reasonable for the location, making it suitable for long-term rental aspirations. Given the fair value of €328,865 compared to the listing price of €345,000, this investment is aligned with the expectations of steady tenant quality in suburban Greater Lisbon. Family rental With a neighbourhood rating of 74/100, the area is family-friendly, attracting long-term tenants seeking stability. The gap between the listing price and fair value suggests that while this property is priced fairly, it may not be the optimal choice for maximizing rental income. Buy-and-hold Investing in this property for a buy-and-hold strategy is viable, given its moderate yield and decent condition score of 66/100. However, the fair pricing indicates that investors should be cautious and monitor market trends to ensure sustained appreciation over time.
Potential Tenant Turnover The tenant stability score of 72/100 indicates a moderate risk of tenant turnover which could lead to increased vacancy rates and potential loss of 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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