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 160 m² on the 1st floor, built in 2005, energy rating D. Located on rua Bernardo Costa, Carcavelos e Parede parish, Cascais municipality, Lisbon district. This apartment boasts a generous unobstructed view that enhances its natural light and spaciousness, along with convenient access to Carcavelos Beach and NOVA SBE.
The valuation. The asking price of €650,000 exceeds the fair value of €612,334 by €37,666 (6.2%), indicating a balanced valuation. The property is priced correctly in the market context and merits serious consideration by investors looking for a reasonable acquisition.
Fair value modelled at €612,334 from 6 comparable sales in the area. Asking €650,000 sits €37,666 (6.2%) above — overpriced versus fair value.
Asking €650,000 versus the rua Bernardo Costa area baseline of €597,979 (€3,737/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €597,979, adjusted for condition and micro-location, gives a modelled fair value of €612,334 (€3,827/m²), a €37,666 (6.2%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bernardo Costa | Subject | €650,000 | €4,063 | — | 73 | 70 |
| estrada Rebelva | Active | €590,000 | €3,576 | 12.0% | 72 | 79 |
| São Domingos de Rana · 82c879 | Active | €435,000 | €3,625 | 10.8% | 75 | 79 |
| rua Carlos Vieira Ramos | Active | €645,000 | €4,388 | 8.0% | 71 | 80 |
| rua Ilha de São Jorge, 165 | Active | €525,000 | €4,268 | 5.1% | 70 | 63 |
| Median comp | €557,500 | €3,947 | 2.9% | 72 | 79 |
Family rental The 3-bed apartment in Carcavelos e Parede is situated in a suburban area within Greater Lisbon, supporting family-oriented tenants seeking longer-term accommodation. With a fair value of €612,334 compared to the listing price of €650,000, the investment offers a modest gross yield of 3.6%, making it a stable choice for families. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield consistent returns over time, given its fair market status and proximity to Lisbon’s job market. While the apartment is not drastically undervalued, it presents an opportunity to capitalize on the steady appreciation potential of suburban areas near urban centers. Long-term rental The apartment's decent condition rating of 76/100, combined with a neighbourhood score of 70/100, indicates it could attract stable long-term tenants, despite being priced at fair value. While the gross yield of 3.6% is not particularly high, it presents a dependable investment in a region with access to employment opportunities.
Potential tenant turnover risk The tenant stability score of 70 indicates a significant possibility of turnover that could lead to increased vacancy rates and potential rental income loss.
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