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 98 m², energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features a sunroom with double-glazed windows, enhancing both energy efficiency and natural light throughout the spacious living areas.
The valuation. The property is currently listed at €339,000, which is €5,125 (1.5%) below its fair value of €344,125, indicating it is fairly priced in the current market.
Fair value modelled at €344,125 from 6 comparable sales in the area. Asking €339,000 sits €5,125 (1.5%) below — the upside to fair value.
Asking €339,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €286,573 (€2,924/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €286,573, adjusted for condition and micro-location, gives a modelled fair value of €344,125 (€3,511/m²), a €5,125 (1.5%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · cc9c26 | Subject | €339,000 | €3,459 | — | 70 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · a80b44 | Active | €339,000 | €3,568 | 3.2% | 67 | 73 |
| avenida Dom Nuno Álvares Pereira | Active | €435,000 | €4,028 | 16.4% | 72 | 74 |
| avenida 25 de Abril, 3 | Active | €360,000 | €3,364 | 2.7% | 55 | 78 |
| praceta Alfredo Keil, 3 | Active | €380,000 | €3,455 | 0.1% | 70 | 73 |
| Median comp | €370,000 | €3,512 | 1.5% | 69 | 74 |
Long-term rental The property presents a long-term rental yield of 3.9%, which aligns with market expectations, indicating stable income potential. Given its fair valuation at €339,000, this investment offers reasonable returns without significant risk. Family rental This 3-bed apartment, situated in a desirable area with a neighbourhood rating of 78/100, is likely to attract families looking for urban conveniences. The fair value of the property supports its suitability for family rentals in a market that prioritizes quality living environments. Buy-and-hold As a buy-and-hold investment, the property stands out due to its fair valuation and solid neighbourhood amenities, promising steady appreciation over time. The combination of a respectable condition score of 67/100 and a yield of 3.9% suggests that this apartment may serve well in a long-term portfolio strategy.
Tenant turnover risk There is a potential risk of tenant turnover affecting cash flow, as the tenant stability score is 75/100, indicating moderate stability in retaining tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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