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 90 m², energy rating C. Located on calçada do Galvão, 131, Belém parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment boasts a private outdoor area, providing potential for garden or leisure space amidst urban settings, despite its extensive need for renovation.
The valuation. The asking price of €375,000 is below the fair value of €445,588, indicating the property is subvalued by €70,588 (15.8%). This presents an appealing opportunity for potential investors seeking value in Lisbon's real estate market.
Fair value modelled at €445,588 from 6 comparable sales in the area. Asking €375,000 sits €70,588 (15.8%) below — the upside to fair value.
Asking €375,000 versus the calçada do Galvão, 131 area baseline of €598,572 (€6,651/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 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 €598,572, adjusted for condition and micro-location, gives a modelled fair value of €445,588 (€4,951/m²), a €70,588 (15.8%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| calçada do Galvão, 131 | Subject | €375,000 | €4,167 | — | 18 | 75 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 89e79a | Active | €210,000 | €3,750 | 10.0% | 17 | 73 |
| rua Inácio Duarte | Active | €275,000 | €3,235 | 22.4% | 30 | 78 |
| estrada Alvito, 51 | Active | €350,000 | €4,118 | 1.2% | 30 | 86 |
| rua Engenheiro António Maria de Avelar, 5 | Active | €295,000 | €5,784 | 38.8% | 15 | 81 |
| Median comp | €285,000 | €3,934 | 5.6% | 24 | 80 |
Long-term rental The 2-bed apartment in Belém, priced at €375,000, offers a compelling opportunity for long-term rental, sitting 15.8% below the fair value of €445,588. With a gross yield of 4.5% and a decent neighbourhood score of 75/100, this investment can benefit from stable tenant demand. Family rental Given its proximity to quality schools and low crime levels typical for a European capital, this property is well-suited for family rental. The favorable rental market dynamics in Belém suggest a strong demand for family-oriented housing despite its current condition rating of only 20/100. Buy-and-hold As an asset priced below fair market value, this apartment represents a solid buy-and-hold strategy, allowing for potential appreciation over time. The desirable location near amenities and the overall quality of the Belém neighbourhood further enhance its investment appeal, set against a backdrop of steady demand for housing in the area.
Tenant Vulnerability With a tenant stability score of 70/100, there is a significant risk of potential turnover and vacancy, which could impact cash flow and overall investment return negatively.
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