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.
1-bedroom, 1-bathroom apartment of 61 m² on the 1st floor, built in 1960. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This property features a pleasant enclosed balcony that enhances living space, offering a versatile area for relaxation or gardening in an urban setting.
The valuation. The asking price of €200,000 exceeds the fair value of €165,092 by €34,908, marking it as overpriced by 21.1%. This disparity suggests that potential investors should approach with caution. Buy-to-flip angle. A buy-to-flip strategy could seek short-term resale after minor cosmetic upgrades, although the current condition at 42/100 limits immediate resale potential. Strategic improvements could attract a more discerning buyer. Buy-to-let angle. For rental income, the gross yield is estimated at 4.7%, translating to roughly €783 per month. This yield indicates a stable income stream, though the property’s basic finishes may affect tenant appeal and long-term rental viability.
Fair value modelled at €165,092 from 6 comparable sales in the area. Asking €200,000 sits €34,908 (21.1%) above — overpriced versus fair value.
Asking €200,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €173,464 (€2,844/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 42/100 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 €173,464, adjusted for condition and micro-location, gives a modelled fair value of €165,092 (€2,706/m²), a €34,908 (21.1%) gap versus the €200,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 8312cf | Subject | €200,000 | €3,279 | — | 39 | 73 |
| Caparica e Trafaria · 1e6383 | Active | €149,900 | €2,630 | 19.8% | 45 | 73 |
| Caparica e Trafaria · 3d9906 | Active | €179,000 | €3,377 | 3.0% | 58 | 77 |
| Caparica e Trafaria · 1e62c2 | Active | €149,900 | €2,630 | 19.8% | 45 | 74 |
| rua Afonso de Paiva | Active | €299,999 | €2,400 | 26.8% | 45 | 74 |
| Median comp | €164,450 | €2,630 | 19.8% | 45 | 74 |
Long-term rental The property is overpriced by 21.1%, making it a less attractive option for long-term rental investment. With a gross yield of only 4.7% and a condition rating of 42/100, the potential return may not justify the higher purchase price. Buy-and-hold This 1-bed apartment's listing price of €200,000 significantly exceeds the fair value of €165,092, indicating that it is overpriced. The combination of modest yield and condition concerns suggests that capital appreciation may not keep pace with the current valuation. Family rental While the neighborhood scores a respectable 73/100, the apartment's price point at €200,000 puts it into an overpriced category compared to the fair value. Given the average yield of 4.7%, investing in this property for family rental purposes may not represent an optimal financial decision.
Tenant turnover risk With a Tenant stability score of 70/100, there is a potential risk of increased tenant turnover, which could incur additional costs and vacancy periods.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
