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, 1-bathroom apartment of 79 m² on the 1st floor, built in 1967. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes the possibility of constructing a second bathroom, enhancing its functionality in a desirable urban location close to amenities.
The valuation. The property is listed at €285,000, which is only €3,315 (1.1%) below its fair value of €288,315, indicating it is priced fairly in the current market. Thus, potential buyers may find a stable investment opportunity.
Fair value modelled at €288,315 from 6 comparable sales in the area. Asking €285,000 sits €3,315 (1.1%) below — the upside to fair value.
Asking €285,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €322,466 (€4,082/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 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 €322,466, adjusted for condition and micro-location, gives a modelled fair value of €288,315 (€3,650/m²), a €3,315 (1.1%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 133a5b | Subject | €285,000 | €3,608 | — | 43 | 77 |
| rua Nuno Álvares Botelho, 20 | Active | €295,000 | €3,642 | 1.0% | 55 | 81 |
| praceta Doutor Barbosa Du Bocage, 1 | Active | €270,000 | €4,286 | 18.8% | 57 | 75 |
| Laranjeiro e Feijó · 5da2e5 | Active | €256,000 | €3,657 | 1.4% | — | 75 |
| Laranjeiro e Feijó · 99f1d3 | Active | €235,000 | €3,507 | 2.8% | 40 | 83 |
| Median comp | €263,000 | €3,650 | 1.2% | 55 | 78 |
Long-term rental Given the fair value of €288,315, the apartment at €285,000 is fairly priced, but it may limit exceptional cash flow as the yield stands at a gross 4.1%. Nevertheless, the urban location near Lisbon city center and a neighbourhood score of 77/100 support stable long-term rental demand. Buy-and-hold The property is fairly priced at €285,000, showing a narrow gap of just 1.1% from its fair value which might not justify significant appreciation over time. However, its strong neighbourhood rating and urban setting still provide a reasonable foundation for long-term capital growth. Family rental At a listing price of €285,000, this property is assessed as fair and may offer some steady rental income within the family rental market considering its urban location and adequate amenities. With a condition rating of 48/100, prospective tenants might expect some improvements to meet family needs, slightly tempering rental dynamics in the short term.
Tenant turnover risk High tenant turnover may occur due to an average tenant stability score of 70/100, potentially impacting revenue stability and increasing vacancy costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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