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 95 m², energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a sunroom featuring double glazing, enhancing energy efficiency and providing extra living space for relaxation or work, along with two balconies for outdoor enjoyment.
The valuation. The asking price of €339,000 is €28,104 (7.7%) below the fair value of €367,104, which indicates a reasonable acquisition cost given the market conditions. This property is fairly valued and presents no immediate pricing concerns. Buy-to-flip angle. The property can be upgraded with minimal improvements to appeal to buyers, leveraging its decent condition and array of standard finishes. A resale strategy could capitalize on the competitive real estate market near Lisbon, aiming for a profitable flip. Buy-to-let angle. With an estimated gross yield of 3.9% from an expected monthly rent of €1,102, this 3-bed apartment offers solid rental income potential. Its location in Cova da Piedade further supports demand from families looking for long-term housing options.
Fair value modelled at €367,104 from 6 comparable sales in the area. Asking €339,000 sits €28,104 (7.7%) below — the upside to fair value.
Asking €339,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €366,609 (€3,859/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €366,609, adjusted for condition and micro-location, gives a modelled fair value of €367,104 (€3,864/m²), a €28,104 (7.7%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · a80b44 | Subject | €339,000 | €3,568 | — | 67 | 73 |
| avenida 25 de Abril, 3 | Active | €360,000 | €3,364 | 5.7% | 55 | 78 |
| avenida Dom Nuno Álvares Pereira | Active | €435,000 | €4,028 | 12.9% | 72 | 74 |
| rua Raúl Brandão | Active | €376,500 | €4,137 | 15.9% | 75 | 77 |
| praceta Alfredo Keil, 3 | Active | €380,000 | €3,455 | 3.2% | 70 | 73 |
| Median comp | €378,250 | €3,742 | 4.9% | 71 | 76 |
Long-term rental The property offers a gross yield of 3.9%, which is reasonable given its proximity to Lisbon and the overall desirability of the area. However, the 7.7% gap from fair value suggests that it is not an extraordinary opportunity for long-term rental investment. Family rental With a neighbourhood score of 73/100, this apartment is well-suited for families seeking suburban living with good access to schools and amenities. Although the property is priced at €339,000, which aligns closely with its fair value, it may not attract a premium due to its average condition rating of 66/100. Buy-and-hold Investing in this property could provide solid long-term appreciation given the strong demand in Almada and its favorable proximity to Lisbon. However, the property’s slight overpricing at €339,000 limits its attractiveness as a buy-and-hold candidate for those seeking immediate value appreciation and higher yield potential.
Tenant turnover risk With a Tenant Stability score of 65/100, there is a notable risk of increased tenant turnover which could lead to higher vacancy rates and associated costs over time.
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
