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 136 m² on the 2nd floor, built in 1965, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Location: Just a 5-minute walk to the Cacilhas ferry terminal and Metro station, ensuring unparalleled access to Lisbon and surrounding amenities. Features: The apartment includes three dedicated pantries, enhancing storage versatility.
The valuation. The asking price of €410,000 sits €38,628 (10.4%) above its fair value of €371,372, indicating that the property is fairly priced in the current market.<br>Buy-to-flip angle. A buy-to-flip strategy could yield a profit by renovating and reselling the apartment, capitalizing on potential demand and value appreciation in the mixed neighborhood.<br>Buy-to-let angle. The projected monthly rental income of €1,367 offers a gross yield of 4%, making it an attractive option for long-term family rentals in this suburb near Lisbon.
Fair value modelled at €371,372 from 6 comparable sales in the area. Asking €410,000 sits €38,628 (10.4%) above — overpriced versus fair value.
Asking €410,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €287,031 (€2,111/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 €287,031, adjusted for condition and micro-location, gives a modelled fair value of €371,372 (€2,731/m²), a €38,628 (10.4%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · efdc30 | Subject | €410,000 | €3,015 | — | 72 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 3a747c | Active | €312,000 | €3,250 | 7.8% | 66 | 78 |
| rua Conde Castelo Melhor | Active | €230,000 | €2,584 | 14.3% | 68 | 75 |
| rua Augusto Gil | Active | €350,000 | €3,241 | 7.5% | 74 | 81 |
| praça da Portela | Active | €429,000 | €2,648 | 12.2% | 70 | 75 |
| Median comp | €331,000 | €2,945 | 2.3% | 69 | 77 |
Long-term rental The property presents a fair rental yield of 4%, indicating an adequate return for a long-term investment in Almada. Its proximity to Lisbon and above-average neighborhood scores make it a stable option for attracting long-term tenants seeking suburban living. Family rental With three bedrooms and a favorable neighborhood rating of 74/100, this apartment is well-suited for families looking to settle in a suburban environment. While the property is priced fairly, it offers ample space and local amenities that cater to family needs. Buy-and-hold This apartment's fair valuation suggests that it may serve well as a buy-and-hold investment strategy for those looking to benefit from the long-term appreciation potential of the Almada property market. Its decent condition score of 68/100 also points to manageable upkeep while providing a consistent rental income.
Tenant turnover risk With a tenant stability score of 70/100, there is a moderate risk of high tenant turnover, which could lead to increased vacancy costs and reduced cash flow over time.
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