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 85 m² on the 2nd floor, energy rating E. Located Penha de França parish, Lisbon municipality, Lisbon district. Unique Feature: The apartment features original wooden floors that, despite their current condition, hold potential for restoration and enhancement of the home's aesthetic appeal.
The valuation. The asking price of €338,000 is significantly below the fair value of €388,489, representing a discount of €50,489 (13.0%). This property is currently underpriced in the Lisbon market.
Fair value modelled at €388,489 from 6 comparable sales in the area. Asking €338,000 sits €50,489 (13.0%) below — the upside to fair value.
Asking €338,000 versus the Penha de França, Lisbon, Lisbon area baseline of €413,243 (€4,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 37/100 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 €413,243, adjusted for condition and micro-location, gives a modelled fair value of €388,489 (€4,570/m²), a €50,489 (13.0%) gap versus the €338,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Penha de França · 5b86bf | Subject | €338,000 | €3,976 | — | 30 | 82 |
| rua Frei Fortunato de São Boaventura, 37 | Active | €180,000 | €3,750 | 5.7% | 35 | 82 |
| rua Barão de Sabrosa S / N | Active | €448,000 | €3,862 | 2.9% | 40 | 81 |
| rua Marcos Portugal, 67 | Active | €390,000 | €5,571 | 40.1% | 45 | 80 |
| praça Doutor Fernando Amado | Active | €317,000 | €4,284 | 7.7% | 42 | 75 |
| Median comp | €353,500 | €4,073 | 2.4% | 41 | 81 |
Long-term rental The property offers a gross yield of 4.9%, indicating strong potential for solid rental income in a desirable area of Penha de França. With a fair value gap of 13.0%, the apartment is well-positioned for long-term capital appreciation. Short-term vacation rental Given the central location and high neighbourhood rating of 82/100, this 3-bed apartment is an attractive investment for short-term vacation rentals. The combination of a competitive price and a tourist-friendly environment enhances its appeal in the short-term rental market. Buy-and-hold Investing in this apartment as a buy-and-hold strategy aligns with its market position, as it is currently subvalorizada at €338,000 compared to the fair value. The potential for capital growth and robust rental returns makes this property an ideal candidate for long-term holding. Not ideal for: The property is not suited for student housing due to its overall condition rating of 37/100, which may deter students seeking quality accommodations.
Tenant turnover risk: With a tenant stability score of 60/100, there is a significant risk of increased tenant turnover, which could impact cash flow and result in higher vacancy rates.
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