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 87 m² on the 3rd floor, energy rating C. Located on rua do Armeiro-Mor, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Remarkable Feature: This apartment includes an independent laundry area, enhancing functionality and convenience for daily living and upkeep, which is rare in urban settings like Almada. Destaque Notável: Este apartamento inclui uma área de lavandaria independente, aumentando a funcionalidade e a conveniência para a vida diária e manutenção, o que é raro em ambientes urbanos como Almada.
The valuation. The asking price of €367,500 sits significantly above fair value at €310,000, indicating the property is overpriced by €57,500, or 18.5%. This discrepancy suggests limited potential for immediate financial gain.
Fair value modelled at €310,000 from 5 comparable sales in the area. Asking €367,500 sits €57,500 (18.5%) above — overpriced versus fair value.
Asking €367,500 versus the rua do Armeiro-Mor area baseline of €260,904 (€2,999/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 €260,904, adjusted for condition and micro-location, gives a modelled fair value of €310,000 (€3,563/m²), a €57,500 (18.5%) gap versus the €367,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Armeiro-Mor | Subject | €367,500 | €4,224 | — | 80 | 72 |
| Laranjeiro e Feijó · 1e60ec | Active | €310,000 | €3,563 | 15.6% | 78 | 74 |
| avenida Dom Nuno Álvares Pereira, 41 | Active | €385,000 | €3,850 | 8.9% | 88 | 74 |
| rua Rainha D. Leonor | Active | €369,000 | €3,765 | 10.9% | 75 | 75 |
| parque da Paz | Active | €335,000 | €3,045 | 27.9% | 75 | 72 |
| Median comp | €352,000 | €3,664 | 13.3% | 77 | 74 |
Long-term rental The property is positioned in a great suburban area with access to Lisbon, making it appealing for long-term residential setups. However, given its listing price of €367,500, which is 18.5% above the fair value of €310,000, the investment is not justified. Family rental With a solid condition rating of 84/100, the apartment could attract family tenants seeking proximity to city amenities. Yet, the high asking price relative to its fair value indicates that this property is overpriced and may not yield the returns anticipated for family rental purposes. Buy-and-hold Investing in this property as a buy-and-hold could be attractive due to the overall neighborhood quality and reasonable gross yield of 3.3%. Nonetheless, its current overpricing means that potential capital appreciation may not compensate for the initial investment outlay, making it a less appealing buy-and-hold opportunity.
Tenant turnover risk The combination of a tenant stability score of 65/100 indicates a risk of potential turnover that may disrupt consistent 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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