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 78 m² on the 4th floor, built in 1977. Located on rua Jacinto Nunes, 3, Penha de França parish, Lisbon municipality, Lisbon district. Noticeable features: The apartment benefits from excellent natural light due to its two unobstructed fronts, and the original flooring preservation underneath the dated carpet adds unique character and renovation opportunities.
The valuation. The asking price of €415,000 is €17,707, or 4.5%, above the fair value of €397,293, indicating the property is fairly priced but on the higher end of the market. Buy-to-flip angle. The strategy for resale hinges on upgrading the dated kitchen and bathroom finishes, which could significantly enhance the property's market appeal and justify a higher asking price in a competitive listing. Buy-to-let angle. With an estimated gross yield of 3.6% and potential rental income of approximately €1,245 per month, this property represents a viable long-term rental investment in a high-demand area of Central Lisbon.
Fair value modelled at €397,293 from 6 comparable sales in the area. Asking €415,000 sits €17,707 (4.5%) above — overpriced versus fair value.
Asking €415,000 versus the rua Jacinto Nunes, 3 area baseline of €396,128 (€5,079/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 47/100 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 €396,128, adjusted for condition and micro-location, gives a modelled fair value of €397,293 (€5,093/m²), a €17,707 (4.5%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jacinto Nunes, 3 | Subject | €415,000 | €5,321 | — | 43 | 86 |
| avenida das Forças Armadas | Active | €450,000 | €4,945 | 7.1% | 40 | 78 |
| avenida Columbano Bordalo Pinheiro, 64 | Active | €325,000 | €5,242 | 1.5% | 40 | 80 |
| avenida Mouzinho de Albuquerque, 20 | Active | €440,000 | €5,570 | 4.7% | 30 | 84 |
| rua Gomes Freire, 121 | Active | €289,000 | €3,853 | 27.6% | 45 | 82 |
| Median comp | €382,500 | €5,094 | 4.3% | 40 | 81 |
Long-term rental The 2-bed apartment in Penha de França presents a fair investment with a rental yield of 3.6%, which is reasonable given the neighborhood’s high housing demand and overall quality ratings. With a fair value of €397,293, the property is poised to generate stable rental income in one of Lisbon's sought-after areas. Buy-and-hold Holding the property long-term could yield benefits due to the neighborhood's impressive score of 86/100, indicating strong demand and potential for appreciation. However, with the current fair value set at €415,000, any return on investment may take time as prices remain steady in this fair valuation environment. Luxury market Given its central location and fair valuation, this property may appeal to luxury market buyers seeking space and accessibility in Lisbon. Nevertheless, priced at €415,000, it does not currently represent a compelling opportunity in the luxury sector, particularly considering the lower condition rating of 47/100 and the fair valuation status.
Tenant turnover risk High tenant turnover could occur due to the relatively lower tenant stability score of 80/100, which may impact rental income stability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Sign in to buy the report or use a credit
