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, 3-bathroom house of 244 m², built in 1949, energy rating A. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Feature: This property includes an independent annex perfectly suited for a home office or studio, enhancing its versatility in urban living, while the expansive garden provides an oasis in the city center.
The valuation. The asking price of €598,500 is significantly below the fair value of €844,586, indicating an attractive opportunity with a difference of €246,086 (29.1%). Verdict: underpriced. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the property’s aesthetic appeal and good condition, targeting buyers looking for modern features in Cova da Piedade. With improvements, this investment could yield substantial returns on resale. Buy-to-let angle. For a buy-to-let approach, the estimated rental income of €3,741 per month provides a solid gross yield of 7.5%. The suburban Lisbon location is ideal for long-term family rentals due to its decent local amenities and schools.
Fair value modelled at €844,586 from 6 comparable sales in the area. Asking €598,500 sits €246,086 (29.1%) below — the upside to fair value.
Asking €598,500 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €694,183 (€2,845/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €694,183, adjusted for condition and micro-location, gives a modelled fair value of €844,586 (€3,461/m²), a €246,086 (29.1%) gap versus the €598,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · efdd84 | Subject | €598,500 | €2,453 | — | 70 | 74 |
| rua Vale de Flores, 22 | Active | €645,000 | €2,389 | 2.6% | 72 | 68 |
| rua Latino Coelho | Active | €450,000 | €3,846 | 56.8% | 73 | 73 |
| rua Mário Neves, 24 | Active | €620,000 | €3,605 | 47.0% | 80 | 71 |
| rua Latino Coelho | Active | €450,000 | €3,846 | 56.8% | 78 | 78 |
| Median comp | €535,000 | €3,726 | 51.9% | 76 | 72 |
Long-term rental The property in Almada presents a promising opportunity for long-term rental, especially given its gross yield of 7.5%. With a fair value of €844,586 and a listing price of €598,500, there remains a significant gap of 29.1%, indicating potential for solid returns. Family rental This 3-bedroom house is well-suited for family rentals due to its suburban location near quality schools and decent amenities. The 74/100 condition rating supports a family-friendly environment while the pricing gap suggests that this property is attractive for family rental demand. Buy-and-hold Investing in this property for a buy-and-hold strategy could yield substantial benefits given its underpriced status and a strong gross yield of 7.5%. The location's suburban attributes and the fair value gap signal potential for appreciation over time, making it an appealing long-term investment choice.
Economic Downturn Risk If the economic stability score of 80/100 indicates a robust economy, any slight downturn could more significantly impact tenant stability, which stands at only 70/100, leading to potential vacancies and 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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