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 152 m² on the 4th floor, built in 1971, energy rating C. Located on praça de Espanha, Avenidas Novas parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment includes two entrance doors, enhancing both functionality and privacy for its occupants, and benefits from recent repainting in 2025, ensuring a fresh and well-maintained appearance.
The valuation. The asking price of €975,000 sits €49,783 (5.4%) above the fair value of €925,217, which indicates the property is valued at a premium but remains within acceptable limits. Buy-to-flip angle. A resale strategy could capitalize on the luxury appeal of the apartment, targeting buyers seeking high-quality living in Avenidas Novas, with a projected profit margin for renovations potentially enhancing its value. Buy-to-let angle. The rental income strategy aims for a gross yield of 2.8%, generating approximately €2,275/month, appealing to tenants wanting to reside in one of Lisbon's vibrant and historically significant areas.
Fair value modelled at €925,217 from 5 comparable sales in the area. Asking €975,000 sits €49,783 (5.4%) above — overpriced versus fair value.
Asking €975,000 versus the praça de Espanha area baseline of €909,231 (€5,982/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €909,231, adjusted for condition and micro-location, gives a modelled fair value of €925,217 (€6,087/m²), a €49,783 (5.4%) gap versus the €975,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça de Espanha | Subject | €975,000 | €6,414 | — | 74 | 82 |
| Penha de França · b328f8 | Active | €700,000 | €6,087 | 5.1% | 74 | 84 |
| rua Almeida e Sousa | Active | €880,000 | €7,857 | 22.5% | 80 | 82 |
| calçada dos Mestres, 5 | Active | €585,000 | €6,359 | 0.9% | 76 | 84 |
| rua Padre Francisco Álvares S / N | Active | €529,900 | €5,888 | 8.2% | 80 | 78 |
| Median comp | €642,500 | €6,223 | 3.0% | 78 | 83 |
Long-term rental The property in Avenidas Novas represents a stable option for long-term rental given its proximity to commercial districts and the neighbourhood's overall rating of 82/100, despite the modest yield of 2.8%. The fair value assessment suggests that renters may find the property appealing, balanced by a price that is fair but not a true bargain. Luxury market The apartment's location and attributes cater to the luxury market, as it embodies Lisbon's vibrant urban life while being part of a historically significant area. However, with a fair value assessment that indicates a slight premium over the market, it may not attract high-end buyers looking for value. Buy-and-hold Investing in this property for a buy-and-hold strategy can be supported by its location and economic stability, which are essential for long-term asset appreciation. Nevertheless, the assessment of a fair valuation suggests that while it may yield steady returns over time, it should be approached with caution regarding future price appreciation. Not ideal for Short-term rental, Student housing, Value-add renovation The property is not well-suited for short-term rentals given the local regulations and market demand. Additionally, pursuing a student housing strategy or a value-add renovation may not yield attractive returns, as the current condition rating of 76 indicates limited immediate potential for enhancements.
Tenant turnover risk With a tenant stability score of 75/100, there is a potential for higher tenant turnover, which could disrupt cash flow and increase vacancy rates beyond the typical market fluctuation expectation.
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
