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 69 m², built in 1959, energy rating F. Located on rua Lopes, Penha de França parish, Lisbon municipality, Lisbon district. Noteworthy Features: The apartment boasts a closed balcony perfect for an office or leisure space, offering expansive views of the Tagus River, enhancing both light and ambiance.
The valuation. The asking price of €329,000 sits €51,458 (13.5%) below the fair value of €380,458, indicating the property is underpriced in the current market. This presents a compelling opportunity for investors.
Fair value modelled at €380,458 from 6 comparable sales in the area. Asking €329,000 sits €51,458 (13.5%) below — the upside to fair value.
Asking €329,000 versus the rua Lopes area baseline of €330,578 (€4,791/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €330,578, adjusted for condition and micro-location, gives a modelled fair value of €380,458 (€5,514/m²), a €51,458 (13.5%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Lopes | Subject | €329,000 | €4,768 | — | 70 | 79 |
| avenida Mouzinho de Albuquerque | Active | €475,000 | €5,278 | 10.7% | — | 83 |
| avenida Mouzinho de Albuquerque, 34 | Active | €440,000 | €4,536 | 4.9% | 75 | 87 |
| rua do Prior Coutinho, 26 | Active | €390,000 | €7,800 | 63.6% | — | 80 |
| travessa Dona Estefânia | Active | €345,000 | €5,750 | 20.6% | 73 | 81 |
| Median comp | €415,000 | €5,514 | 15.6% | 74 | 82 |
Long-term rental The property in Penha de França is ideally positioned for long-term rental, given its central location and high demand, resulting in a projected yield of 4%. With a fair value higher than the listing price by 13.5%, this investment stands to benefit from both rental income and potential appreciation. Short-term vacation rental Given the popularity of Lisbon as a travel destination, this 2-bed apartment is well-suited for short-term vacation rentals, capitalizing on both the strong tourism market and the attractive neighborhood rating of 79/100. The gap to fair value creates an opportunity to improve returns in this burgeoning market segment. Buy-and-hold As a buy-and-hold investment, this subvalorizada property presents a solid opportunity in a central market that attracts consistent demand from renters and buyers alike. The combination of a favorable neighborhood rating and substantial fair value upside suggests strong potential for long-term equity growth. Not ideal for student housing The property’s size and capacity are less conducive to student housing demands, where larger shared accommodations are typically preferred. This target market would not capitalize on the apartment’s prime location and overall appeal. Not ideal for value-add renovation While renovations can improve property values, this apartment’s current condition rating of 68/100 indicates that significant enhancements might be necessary, which could outweigh potential benefits. Given the existing gap to fair value, pursuing a value-add strategy may not yield desirable results.
Tenant retention risk: With a tenant stability score of 65/100, there is an elevated risk of turnover, which can lead to increased vacancy rates and additional costs associated with finding new tenants.
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