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, 1-bathroom apartment of 61 m² on the 1st floor, built in 1967, energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features a modern kitchen equipped with quality appliances and benefits from excellent natural light, enhancing the vibrant atmosphere of its well-maintained interior.
The valuation. The asking price of €330,000 is significantly above the fair value of €271,406, representing an overpricing of €58,594 (21.6%). This situation renders the property not competitively priced in the current market. Buy-to-flip angle. Given the property’s modern condition and desirable location, a buy-to-flip strategy could involve renovating further to capture a market higher than the current value. However, substantial appreciation may be required to justify the initial investment. Buy-to-let angle. With an estimated rental income of €825 per month, the gross yield stands at 3%, which could provide steady income. This strategy would appeal to long-term renters seeking proximity to Lisbon's amenities and employment opportunities.
Fair value modelled at €271,406 from 5 comparable sales in the area. Asking €330,000 sits €58,594 (21.6%) above — overpriced versus fair value.
Asking €330,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €246,984 (€4,049/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €246,984, adjusted for condition and micro-location, gives a modelled fair value of €271,406 (€4,449/m²), a €58,594 (21.6%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 8315a4 | Subject | €330,000 | €5,410 | — | 72 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4bc752 | Active | €315,000 | €4,846 | 10.4% | 73 | 76 |
| Caparica e Trafaria · 0324be | Active | €307,000 | €4,449 | 17.8% | 73 | 76 |
| rua Bernardo Santareno, 2 | Active | €269,990 | €3,649 | 32.6% | 78 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 652fae | Active | €325,000 | €4,333 | 19.9% | 72 | 74 |
| Median comp | €311,000 | €4,391 | 18.8% | 73 | 76 |
Long-term rental The property at €330,000 is overpriced compared to the fair value of €271,406, representing a 21.6% gap. With a gross yield of only 3%, the long-term rental strategy may not generate sufficient return on investment due to this elevated purchase price. Family rental At €330,000, the apartment is overpriced against its fair value of €271,406, marking a significant 21.6% discrepancy. This overpricing, combined with the modest yield of 3%, undermines the attractiveness of the family rental market for this unit. Buy-and-hold Considered at €330,000, this property does not reflect a favorable buy-and-hold opportunity as it exceeds the fair value of €271,406 by 21.6%. The anticipated return is further diminished by the low gross yield of 3%, making long-term appreciation less viable under the current pricing conditions.
Tenant turnover risk A tenant stability score of 68/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and additional costs for the property owner.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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