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.
2-bedroom, 2-bathroom apartment of 85 m² on the 5th floor, built in 1986. Located on rua António Nobre, 4, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Notable Features: The apartment includes a renovated sunroom that seamlessly integrates into the living area, enhancing both space and natural light, and offers a conveniently large pantry for storage.
The valuation. The asking price of €415,000 sits below the fair value of €473,875, indicating the property is underpriced by €58,875 (12.4%). This offers a compelling opportunity for potential investors.
Fair value modelled at €473,875 from 6 comparable sales in the area. Asking €415,000 sits €58,875 (12.4%) below — the upside to fair value.
Asking €415,000 versus the rua António Nobre, 4 area baseline of €388,078 (€4,566/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €388,078, adjusted for condition and micro-location, gives a modelled fair value of €473,875 (€5,575/m²), a €58,875 (12.4%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Nobre, 4 | Subject | €415,000 | €4,882 | — | 80 | 78 |
| rua Diário de Notícias, 54 | Active | €485,000 | €7,239 | 48.3% | 77 | 85 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a63 | Active | €339,500 | €4,527 | 7.3% | 80 | 79 |
| avenida 25 de Abril | Active | €490,000 | €4,900 | 0.4% | 74 | 76 |
| Santa Maria Maior · 96c721 | Active | €1,150,000 | €9,426 | 93.1% | 72 | 82 |
| Median comp | €487,500 | €6,070 | 24.3% | 76 | 81 |
Long-term rental This property, listed at €415,000, is priced 12.4% below its fair value of €473,875, suggesting a compelling long-term rental opportunity. With a gross yield of 2.9% and a neighborhood score of 78/100, it is well-positioned to attract stable tenants in the growing Greater Lisbon area. Buy-and-hold The 2-bed apartment in Almada offers a strong investment avenue for buy-and-hold strategies, considering its below market price and favorable neighborhood attributes. Given the robust housing and job markets in Greater Lisbon, long-term appreciation is likely, enhancing the overall investment appeal. Family rental Pragal e Cacilhas in Almada is an attractive location for family rentals due to its good amenities and low crime rates, essential qualities for family-oriented tenants. The apartment's fair valuation and strong neighborhood index support its potential for consistent rental income and tenant retention. Not ideal for short-term vacation rental, luxury market, student housing Despite the appealing attributes of this property, it is not suitable for the short-term vacation rental, luxury market, or student housing strategies due to local market dynamics and tenant demographics. These strategies may not yield the expected returns given the current state of the neighborhood and property characteristics.
Economic Vulnerability The property is exposed to economic fluctuations that could impact tenant income stability, as indicated by a relatively high economic stability score of 80/100 and a lower tenant stability score of 70/100, suggesting potential volatility in rental income.
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