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 90 m², energy rating C. Located on rua do Armeiro-Mor, 7, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a substantial covered private patio with a masonry barbecue, enhancing outdoor living and entertaining options year-round. Additional Amenities: Independent storage room with a laundry area for convenience.
The valuation. The asking price of €345,000 is just slightly below the fair value of €351,093, indicating it is relatively fairly priced at 1.7% under fair value. Overall, it remains a solid option for investors. Buy-to-flip angle. The property can be targeted for resale after minor cosmetic updates, leveraging its high-quality materials and appealing finishes to attract potential buyers seeking a modern living space. This strategy capitalizes on the current market demand in the area. Buy-to-let angle. With an estimated rental income of €891/month, this property offers a gross yield of 3.1%, making it a viable long-term rental option. Its suburban location and decent amenities are likely to attract stable tenants in the community.
Fair value modelled at €351,093 from 6 comparable sales in the area. Asking €345,000 sits €6,093 (1.7%) below — the upside to fair value.
Asking €345,000 versus the rua do Armeiro-Mor, 7 area baseline of €311,296 (€3,459/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €311,296, adjusted for condition and micro-location, gives a modelled fair value of €351,093 (€3,901/m²), a €6,093 (1.7%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Armeiro-Mor, 7 | Subject | €345,000 | €3,833 | — | 80 | 75 |
| rua do Feijó, 28 | Active | €340,000 | €3,469 | 9.5% | 72 | 75 |
| rua Serpa Pinto | Active | €267,500 | €3,993 | 4.2% | 80 | 73 |
| rua do Clube Recreativo da Ramalha S / N | Active | €310,000 | €4,026 | 5.0% | 72 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 190937 | Active | €295,000 | €4,097 | 6.9% | 78 | 72 |
| Median comp | €302,500 | €4,010 | 4.6% | 75 | 74 |
Long-term rental Given its fair valuation at €345,000, the 2-bed apartment in Almada is a suitable option for long-term residential renting, yielding a gross return of 3.1%. The 80/100 condition rating and decent neighborhood score of 75/100 indicate solid demand from prospective tenants. Family rental The apartment’s size and good local amenities make it ideal for family rentals, appealing to those seeking suburban living in Greater Lisbon. Its fair value suggests that the investment is aligned with market expectations, ensuring stable occupancy. Buy-and-hold Investing in this property as a buy-and-hold strategy makes sense given its marginal gap from fair value, ensuring no immediate financial risk. With steady rental demand in the area, this apartment represents a solid long-term asset in a suburban market. Not ideal for short-term vacation rental, student housing, luxury market The property does not fit short-term or student housing given the neighborhood dynamics and the lower yield relative to those sectors. Additionally, being located in a suburban area, it lacks the appeal necessary for the luxury market segment.
Economic vulnerability With an economic stability score of 80/100, the property may face risks related to economic downturns, while a tenant stability score of 70/100 indicates potential concerns about tenant retention and income consistency over time.
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