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, 1-bathroom apartment of 80 m² on the 5th floor, built in 1988, energy rating E. Located on rua Ilha de São Tomé, 2, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts unobstructed views of the surrounding area, enhancing its appeal and providing a sense of openness rarely found in city living.
The valuation. The asking price of €275,000 is slightly above fair value of €268,293, indicating a difference of €6,707, or 2.5%. This suggests the property is reasonably priced for buyers looking for a solid investment.
Fair value modelled at €268,293 from 6 comparable sales in the area. Asking €275,000 sits €6,707 (2.5%) above — overpriced versus fair value.
Asking €275,000 versus the rua Ilha de São Tomé, 2 area baseline of €267,392 (€3,342/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €267,392, adjusted for condition and micro-location, gives a modelled fair value of €268,293 (€3,354/m²), a €6,707 (2.5%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha de São Tomé, 2 | Subject | €275,000 | €3,438 | — | 63 | 76 |
| praceta Bartolomeu Constantino | Active | €245,000 | €2,988 | 13.1% | 59 | 76 |
| rua Associação de Reformados de Corroios, 3 | Active | €275,000 | €3,354 | 2.4% | — | 82 |
| rua Associação de Reformados de Corroios | Active | €275,000 | €3,354 | 2.4% | — | 83 |
| Laranjeiro e Feijó · 6ebbee | Active | €335,000 | €3,490 | 1.5% | — | 79 |
| Median comp | €275,000 | €3,354 | 2.4% | 59 | 81 |
Long-term rental With a fair value of €268,293, the 3-bed apartment offers potential for stable long-term rental income given the gross yield of 4.6%. Additionally, the location benefits from being in Greater Lisbon, enhancing demand among tenants seeking proximity to urban infrastructure. Family rental This property is ideally situated for family rentals due to its favorable neighborhood score of 76/100 and low crime rates typical of suburban areas. The combination of amenities and stable housing demand supports the long-term viability as a family-friendly rental. Buy-and-hold The apartment presents a reasonable buy-and-hold investment opportunity with a gap of only 2.5% from the fair value, suggesting stability in value appreciation. Its condition score of 65/100 indicates it may require renovation, but given the local housing demand, the investment is likely to yield satisfactory returns in the long run.
Economic downturn risk With an economic stability score of 80/100, there is still a substantial risk that adverse economic changes could impact tenant stability, which is rated at 70/100, leading to potential vacancies and rental income loss.
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