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 96 m², built in 1972, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a closed balcony, expanding the versatile living space, and offers proximity to the A2 highway and public transport, enhancing commuting convenience.
The valuation. The asking price of €310,000 is above the fair value of €277,161 by €32,839 (11.8%). This property is thus considered overpriced.
Fair value modelled at €277,161 from 5 comparable sales in the area. Asking €310,000 sits €32,839 (11.8%) above — overpriced versus fair value.
Asking €310,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €240,904 (€2,509/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €240,904, adjusted for condition and micro-location, gives a modelled fair value of €277,161 (€2,887/m²), a €32,839 (11.8%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 831408 | Subject | €310,000 | €3,229 | — | 72 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a46 | Active | €395,000 | €2,026 | 37.3% | 75 | 80 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 10.6% | 80 | 78 |
| rua de São Lourenço Poente, 60 | Active | €285,000 | €3,032 | 6.1% | 74 | 76 |
| rua Damião Peres S / N | Active | €325,000 | €3,283 | 1.7% | 72 | 70 |
| Median comp | €341,500 | €2,960 | 8.4% | 75 | 77 |
Long-term rental The current listing price of €310,000 reflects a gap of 11.8% from the fair value of €277,161, indicating that this property is overpriced. With a gross yield of 3.6%, the potential returns do not justify the elevated cost in a suburban setting with moderate tenant quality. Family rental While the property's proximity to Lisbon could attract families, the listing price at €310,000 surpasses the fair value of €277,161, marking it as overpriced. The moderate condition score of 76 out of 100 suggests that this investment may not appeal to families seeking well-maintained homes at reasonable prices. Buy-and-hold Investing in this property as a buy-and-hold strategy presents challenges due to its pricing at €310,000 compared to a fair value of €277,161, which indicates it is overpriced. The 3.6% gross yield and neighbourhood score of 75 out of 100 do not compensate for the high initial investment required for long-term appreciation prospects.
Economic Dependence Risk: With both economic and tenant stability scores at 75/100, there is a substantial risk of fluctuations in local economic conditions adversely affecting tenant retention and rental income stability.
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
