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 110 m² on the 1st floor, energy rating D. Located on rua da Piedade, 34, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: This apartment boasts a spacious 40 m² terrace ideal for outdoor living and entertaining, along with a central location in Algés, offering vibrant community access.
The valuation. The asking price of €350,000 sits slightly above the fair value of €348,738, reflecting a modest premium of €1,262 (0.4%). Despite this slight discrepancy, the property is assessed as fair.
Fair value modelled at €348,738 from 6 comparable sales in the area. Asking €350,000 sits €1,262 (0.4%) above — overpriced versus fair value.
Asking €350,000 versus the rua da Piedade, 34 area baseline of €321,979 (€2,927/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €321,979, adjusted for condition and micro-location, gives a modelled fair value of €348,738 (€3,170/m²), a €1,262 (0.4%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Piedade, 34 | Subject | €350,000 | €3,182 | — | 55 | 74 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · f10a98 | Active | €390,000 | €3,095 | 2.7% | 54 | 67 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · b4532a | Active | €159,500 | €1,772 | 44.3% | — | 72 |
| rua 1º de Maio, 16 | Active | €180,000 | €2,250 | 29.3% | 70 | 74 |
| alameda António Sérgio, 73 | Active | €357,000 | €3,245 | 2.0% | 70 | 79 |
| Median comp | €268,500 | €2,673 | 16.0% | 70 | 73 |
Long-term rental This property, with a fair value closely aligned to its listing price, offers a stable gross yield of 4.6%, making it an appropriate investment for long-term rental strategies. The suburban setting benefits from safety and good schooling access, appealing to families seeking longer-term housing solutions. Family rental The apartment's proximity to Lisbon enhances its appeal, particularly for families looking for quality schooling and a safe living environment. Although the property is priced fairly, its condition score of 63/100 suggests that some renovations may be necessary to maximize its attractiveness to family renters. Buy-and-hold As a buy-and-hold investment, this apartment presents a fair value opportunity with a gross yield of 4.6%, reflecting stable income potential. While the property’s condition is not ideal, the favourable neighbourhood rating of 74/100 could facilitate a strong appreciation over the long-term. Not ideal for short-term rental Given the property's fair valuation and characteristics, it is not suited for short-term rental strategies. The suburban environment and lack of premium features may limit appeal for transient guests. Not ideal for luxury market The apartment does not fit the high-end luxury market due to its fair pricing and moderate condition rating. This limits potential high-value returns associated with luxury properties. Not ideal for student housing While proximity to Lisbon may seem advantageous, the property does not cater effectively to the student demographic given its rental price and family-oriented appeal. The condition and suburban setting are less attractive for short-term student housing needs.
Tenant turnover risk The tenant stability score of 70/100 indicates a potential for higher turnover, which could lead to increased vacancy rates and associated costs.
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