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 123 m² on the 3rd floor, built in 1974, energy rating C. Located on rua Nova, 1-3, Carcavelos e Parede parish, Cascais municipality, Lisbon district. This apartment boasts panoramic views of the Sintra Mountains and Tagus River, enhancing its appeal for nature enthusiasts and those seeking a tranquil living environment.
The valuation. The asking price of €750,000 sits €79,375 above fair value at €670,625, representing an 11.8% premium. This property is determined to be overpriced based on current market analysis.
Fair value modelled at €670,625 from 6 comparable sales in the area. Asking €750,000 sits €79,375 (11.8%) above — overpriced versus fair value.
Asking €750,000 versus the rua Nova, 1-3 area baseline of €633,978 (€5,154/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 below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €633,978, adjusted for condition and micro-location, gives a modelled fair value of €670,625 (€5,452/m²), a €79,375 (11.8%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova, 1-3 | Subject | €750,000 | €6,098 | — | 78 | 73 |
| rua Ilha Graciosa, 53 | Active | €650,000 | €5,417 | 11.2% | 70 | 75 |
| urbanização Polima | Active | €499,000 | €3,780 | 38.0% | 74 | 72 |
| rua Vasco da Gama S / N | Active | €1,200,000 | €7,843 | 28.6% | 75 | 71 |
| praceta Doutor Francisco Sepúlveda da Fonseca | Active | €900,000 | €5,488 | 10.0% | 80 | 76 |
| Median comp | €775,000 | €5,453 | 10.6% | 75 | 74 |
Long-term rental This 3-bed apartment in Carcavelos e Parede is overpriced, with a fair value of €670,625 reflecting an 11.8% gap from the listing price. Additionally, the gross yield of 2.5% indicates limited income potential relative to the investment cost. Family rental While the property offers a decent condition rating of 80/100, its pricing makes it a less attractive option for family rentals in the suburban market of Greater Lisbon. Families seeking rental options may find better value elsewhere due to the current pricing above fair value. Buy-and-hold Given that the property is currently overpriced, it may not yield the expected returns for a buy-and-hold strategy over the long term. Investing in this apartment at €750,000 could diminish the overall portfolio performance compared to other investment opportunities more aligned with fair value assessments.
Market volatility risk: With both the economic and tenant stability scores at 75/100, there is a potential risk of fluctuations in rental demand that could lead to vacancies or reduced 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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