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 86 m² on the 2nd floor, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment benefits from a prime location within walking distance to vibrant local markets and historical areas, ensuring a culturally rich lifestyle for residents. Additional Features: The property includes a spacious balcony, enhancing outdoor living potential.
The valuation. The asking price of €329,000 is slightly above the fair value of €326,800, placing it €2,200 (0.7%) over. This valuation indicates the property is priced at fair value.
Fair value modelled at €326,800 from 5 comparable sales in the area. Asking €329,000 sits €2,200 (0.7%) above — overpriced versus fair value.
Asking €329,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €290,138 (€3,374/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €290,138, adjusted for condition and micro-location, gives a modelled fair value of €326,800 (€3,800/m²), a €2,200 (0.7%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 831888 | Subject | €329,000 | €3,826 | — | 78 | 74 |
| rua do Cabo da Boa Esperança | Active | €299,000 | €3,987 | 4.2% | 85 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 08ffb3 | Active | €310,000 | €3,780 | 1.2% | 75 | 74 |
| travessa dos Eucaliptos, 4A | Active | €260,000 | €3,421 | 10.6% | 73 | 72 |
| rua Paula Vicente, 6A | Active | €309,500 | €4,240 | 10.8% | 70 | 75 |
| Median comp | €304,250 | €3,884 | 1.5% | 74 | 74 |
Long-term rental This 2-bed apartment in Almada offers a gross yield of 3.3%, which is reasonable for the area, reflecting its steady demand in the local housing market. With a neighbourhood quality score of 74/100, it presents a stable option for long-term tenants looking for suburban living near the Lisbon metropolitan area. Buy-and-hold The fair value of this property is €326,800, closely aligned with the listing price of €329,000, indicating a modest appreciation potential in the long term. As the neighbourhood maintains a decent quality assessment, investing in this apartment could provide consistent rental income and gradual capital growth. Family rental As a family rental option, this apartment in a suburban setting meets the needs of families seeking proximity to Lisbon, despite the fair valuation of the property. The 80/100 condition rating enhances its appeal to families prioritizing both space and quality in their living environment.
Tenant turnover risk The tenant stability score of 60/100 indicates a higher likelihood of tenant turnover, which could lead to increased vacancy rates and rental income fluctuations.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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