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 160 m² on the 2nd floor, energy rating B. Located on rua Marcelino Mesquita, 12, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: This apartment features a large balcony off the living room with park views, providing a serene outdoor space for relaxation and entertainment. Condition Notes: The property has been meticulously modernized, preserving original elements while enhancing comfort with high-quality materials.
The valuation. The asking price of €789,000 is positioned slightly below the fair value of €835,024, indicating a difference of €46,024 (5.5%). This property is considered fairly priced for its quality and location.
Fair value modelled at €835,024 from 6 comparable sales in the area. Asking €789,000 sits €46,024 (5.5%) below — the upside to fair value.
Asking €789,000 versus the rua Marcelino Mesquita, 12 area baseline of €700,180 (€4,376/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €700,180, adjusted for condition and micro-location, gives a modelled fair value of €835,024 (€5,219/m²), a €46,024 (5.5%) gap versus the €789,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Marcelino Mesquita, 12 | Subject | €789,000 | €4,931 | — | 80 | 76 |
| estrada da Cruz, 19 | Active | €875,000 | €6,162 | 25.0% | 82 | 75 |
| rua Pedro Hispano | Active | €720,000 | €5,902 | 19.7% | 75 | 80 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · f14c94 | Active | €575,000 | €5,227 | 6.0% | 80 | 72 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 4bb008 | Active | €495,000 | €5,211 | 5.7% | 75 | 78 |
| Median comp | €647,500 | €5,565 | 12.8% | 78 | 77 |
Long-term rental The property in Algés presents a fair investment opportunity for long-term rental due to its competitive gross yield of 3.5%. With a solid neighborhood rating of 76/100, it has good potential to attract reliable tenants given its proximity to Lisbon's amenities. Buy-and-hold This investment strategy is reasonable as the property is fairly priced at €789,000, reflecting a 5.5% gap from the fair value of €835,024. The overall condition rating of 83/100 suggests that minimal immediate repairs are needed, supporting a stable appreciation trajectory over time. Short-term vacation rental Although the property is fairly valued, its location can entice short-term renters seeking easy access to Lisbon while enjoying a more suburban environment. However, the slightly lower neighborhood quality rating might limit premium pricing, making it a moderate investment in the vacation rental space.
Potential Economic Downturn A small economic downturn could impact the property value due to its high economic stability score of 85/100, which while strong, suggests vulnerability to fluctuations since tenant stability is lower at 75/100.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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