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 72 m², energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes thoughtfully designed storage solutions within its modern layout, and the balcony offers a serene view, enhancing outdoor living.
The valuation. The asking price of €320,000 is slightly below its fair value of €338,571, making it a fair deal with a modest gap of €18,571 (5.5%). Buy-to-flip angle. A resale strategy could involve minor renovations to enhance appeal, aiming for a profitable flip by targeting buyers seeking well-finished apartments in a desirable area. Buy-to-let angle. With a gross yield of 3.1% and estimated rental income of €827/month, this property is attractive for long-term rental investments, capitalizing on the stable demand in the suburban Almada market.
Fair value modelled at €338,571 from 6 comparable sales in the area. Asking €320,000 sits €18,571 (5.5%) below — the upside to fair value.
Asking €320,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €317,290 (€4,407/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €317,290, adjusted for condition and micro-location, gives a modelled fair value of €338,571 (€4,702/m²), a €18,571 (5.5%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 828f01 | Subject | €320,000 | €4,444 | — | 72 | 79 |
| rua Afonso Galo, 29 | Active | €280,000 | €4,308 | 3.1% | 74 | 77 |
| Almada, Cova da Piedade, Pragal e Cacilhas · dc152c | Active | €375,000 | €4,808 | 8.2% | 80 | 70 |
| rua Rosas do Pombal | Active | €340,000 | €4,722 | 6.3% | 75 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · efdd7c | Active | €297,000 | €6,457 | 45.3% | 85 | 75 |
| Median comp | €318,500 | €4,765 | 7.2% | 78 | 76 |
Long-term rental This 2-bedroom apartment in Almada offers a gross yield of 3.1%, positioning it as a consistent income-generating investment. Given its fair valuation at €320,000 and proximity to Lisbon, the potential for stable long-term renter demand is favorable. Family rental With a neighbourhood score of 79/100 and access to good schools, this property is well-suited for family-oriented tenants. The 75/100 condition rating further supports its appeal to families seeking comfortable living near Lisbon. Buy-and-hold Priced at €320,000, the apartment aligns closely with its fair value, suggesting limited immediate potential for appreciation. However, holding this property in the stable Almada market could yield consistent returns as the area continues to develop and attract families.
Economic Sensitivity The economic stability score of 85 indicates strong economic conditions, but the tenant stability score of 75 suggests potential variability in tenant retention, which could impact cash flow stability in the long term.
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