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, 2-bathroom apartment of 143 m² on the 6th floor, built in 2010, energy rating B. Located on avenida Jaime Cortesão, 23, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. This apartment features a wallbox for electric vehicle charging, enhancing its modern appeal and sustainability options for eco-conscious residents.
The valuation. The asking price of €620,000 is €22,242 (3.7%) above the calculated fair value of €597,758, indicating it is priced at fair market value. This suggests a balanced investment opportunity for buyers. Buy-to-flip angle. To maximize returns, a buy-to-flip strategy could capitalize on the property’s high-quality condition and desirable location. With careful renovation and staging, potential resale values could exceed initial investment costs. Buy-to-let angle. The estimated rental income of €1,602 per month produces a gross yield of 3.1%, making it a solid option for long-term rental investments. The suburban location is attractive for families seeking quality housing.
Fair value modelled at €597,758 from 6 comparable sales in the area. Asking €620,000 sits €22,242 (3.7%) above — overpriced versus fair value.
Asking €620,000 versus the avenida Jaime Cortesão, 23 area baseline of €483,425 (€3,381/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €483,425, adjusted for condition and micro-location, gives a modelled fair value of €597,758 (€4,180/m²), a €22,242 (3.7%) gap versus the €620,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Jaime Cortesão, 23 | Subject | €620,000 | €4,336 | — | 80 | 75 |
| travessa Visconde Moreira de Rey | Active | €520,000 | €4,333 | 0.1% | 75 | 81 |
| praceta Gomes Leal, 1 | Active | €588,000 | €4,200 | 3.1% | 76 | 76 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 957004 | Active | €648,000 | €3,951 | 8.9% | 75 | 70 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 38b4e7 | Active | €520,000 | €4,522 | 4.3% | 72 | 74 |
| Median comp | €554,000 | €4,267 | 1.6% | 75 | 75 |
Long-term rental The property in Algés, selling at €620,000, presents a gross yield of 3.1%, which is modest for a suburban location. Given the fair value is slightly lower at €597,758, this investment aligns with the stable cash flow expectations of long-term rentals without significant upside. Family rental With a solid condition rating of 82/100, this 2-bed apartment may appeal to families seeking space and amenities in a suburban environment. The neighbourhood rating of 75/100 supports the demand for long-term family rentals, despite the property being priced fairly at €620,000. Buy-and-hold Holding this property could yield a steady income stream while benefitting from potential long-term appreciation, as the fair value suggests the market is stable. The investment fits within the buy-and-hold strategy, given its respectable condition and adequate neighbourhood characteristics, even if the current price reflects fair market value. Short-term vacation rental This property is not suitable for short-term vacation rentals, as suburban areas like Algés typically attract family-oriented tenants rather than tourists. The fair market evaluation does not support high turnover rental demand, indicating a misalignment with short-term strategies. Luxury market The apartment does not align with luxury market expectations, as it is positioned in a suburban setting with average neighbourhood scores. Priced reasonably at €620,000, it lacks the distinctive features often sought after in the luxury segment, making it unfit for that strategy.
Economic Dependency Risk The property's economic stability score of 80/100 indicates a relatively stable environment, but the tenant stability score of 75/100 suggests potential challenges with tenant retention that could affect cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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