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 105 m² on the 4th floor, built in 1984, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a versatile sunroom that enhances natural light and provides additional living space, as well as a storage room for practical organization. Additional Context: This centrally located property also benefits from easy access to green spaces and nearby beaches of Costa da Caparica.
The valuation. The asking price of €302,000 is slightly below the fair value of €316,701, indicating that the property is valued fairly and still competitive in the current market. This presents a reasonable opportunity for potential investors. Buy-to-flip angle. With a solid foundation and aesthetic custom designs, the buy-to-flip strategy focuses on updating the outdated fixtures and improving overall appeal to achieve a higher resale price. Such renovations could yield significant profits given the demand in Greater Lisbon. Buy-to-let angle. The estimated rental income of €1,158 per month results in a gross yield of 4.6%, making this a promising buy-to-let investment. Given the urban demand and employment opportunities in the area, strong tenant interest can be expected.
Fair value modelled at €316,701 from 6 comparable sales in the area. Asking €302,000 sits €14,701 (4.6%) below — the upside to fair value.
Asking €302,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €300,424 (€2,861/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €300,424, adjusted for condition and micro-location, gives a modelled fair value of €316,701 (€3,016/m²), a €14,701 (4.6%) gap versus the €302,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · a6d497 | Subject | €302,000 | €2,876 | — | 65 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 16238d | Active | €350,000 | €3,211 | 11.6% | — | 77 |
| rua da Boa Esperança | Active | €245,000 | €2,356 | 18.1% | 65 | 80 |
| rua Mário Sacramento, 45 | Active | €289,000 | €3,010 | 4.7% | 68 | 74 |
| rua da Boa Esperança | Active | €315,000 | €3,214 | 11.8% | 70 | 79 |
| Median comp | €302,000 | €3,111 | 8.1% | 68 | 78 |
Long-term rental The property in Cova da Piedade offers a gross yield of 4.6%, aligning well with typical long-term rental returns in the area. Given its fair value at €316,701, this apartment is positioned to attract stable, long-term tenants while benefitting from the urban demand in Greater Lisbon. Family rental With a good neighborhood rating of 75/100 and a reasonable condition score of 62/100, this 3-bed apartment suits families looking for comfortable living spaces near employment opportunities. Its fair valuation of €302,000 makes it a viable option for family rentals in a growing urban setting. Buy-and-hold The fair market value of €316,701 suggests that while this asset is not a bargain, it remains a solid buy-and-hold investment given the continuous urban demand in Greater Lisbon. Its potential for moderate appreciation, combined with the stable rental yield, supports a long-term investment strategy without the risk of overvaluation. Not ideal for short-term vacation rental Due to its fair valuation at €302,000 and the steady demand for long-term accommodations, this property is not ideally suited for short-term vacation rentals. The existing rental yield and neighborhood quality do not align with the volatility often associated with short-term rental markets. Not ideal for luxury market The apartment, priced at €302,000, does not cater to the luxury market segment given its condition and neighborhood score. The fair valuation indicates that it appeals to more budget-conscious renters rather than affluent buyers seeking high-end properties.
Tenant turnover risk High tenant turnover could negatively impact cash flow due to the tenant stability score of 75/100, indicating potential challenges in retaining tenants.
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