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.
1-bedroom, 1-bathroom apartment of 52 m², built in 1960, energy rating D. Located on rua do Triângulo Vermelho, Penha de França parish, Lisbon municipality, Lisbon district. Property Features: This apartment boasts a spacious private courtyard of 51.40 m², enhancing outdoor living and potential for garden landscaping or al fresco dining. Condition Notes: The unique high ceilings with original molding add historical charm amidst the dated elements requiring modernization.
The valuation. The asking price of €298,000 is situated €17,355 (5.5%) below the fair value of €315,355, indicating that the property is reasonably valued within the current market context. Buy-to-flip angle. The resale strategy focuses on renovating the apartment to enhance its appeal and market value, targeting a quick sale at a higher price point post-improvements. Buy-to-let angle. The property presents a gross yield of 4.2%, with estimated rental income around €1,043/month, making it an attractive option for long-term rental income given the high housing demand in the area.
Fair value modelled at €315,355 from 6 comparable sales in the area. Asking €298,000 sits €17,355 (5.5%) below — the upside to fair value.
Asking €298,000 versus the rua do Triângulo Vermelho area baseline of €289,239 (€5,562/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 €289,239, adjusted for condition and micro-location, gives a modelled fair value of €315,355 (€6,065/m²), a €17,355 (5.5%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Triângulo Vermelho | Subject | €298,000 | €5,731 | — | 58 | 88 |
| rua Gualdim Pais | Active | €250,000 | €4,902 | 14.5% | 65 | 81 |
| Estrela · f14cbe | Active | €215,000 | €7,167 | 25.1% | — | 82 |
| Estrela · 133b5f | Active | €190,000 | €6,129 | 6.9% | 68 | 83 |
| Campolide · 6272f4 | Active | €280,000 | €5,957 | 4.0% | — | 85 |
| Median comp | €232,500 | €6,043 | 5.4% | 67 | 83 |
Long-term rental The 1-bed apartment in Penha de França provides a fair yield of 4.2%, making it a stable option for long-term investment despite the slight gap from fair value at 5.5%. The strong demand for housing in the neighborhood, coupled with its excellent amenities, enhances its attractiveness to potential tenants. Short-term vacation rental Given the apartment's prime location in Lisbon, it represents a fair opportunity for short-term vacation rentals, albeit with a modest yield of 4.2%. The high tenant quality and excellent urban amenities in the area support its appeal for tourists looking for comfortable stays. Luxury market While the apartment's features and condition score of 62/100 might not position it strongly within the luxury market, its fair valuation at €298,000 indicates it is aligned with overall market pricing. Nevertheless, the property’s significant neighborhood score of 88 and abundance of amenities suggest potential for gradual appreciation and desirability among more affluent buyers. Not ideal for Agricultural development, Industrial use, Rural retreat. The urban setting of Penha de França makes the property unsuitable for any agricultural or rural retreat developments. Additionally, the area's demographics and urban focus further negate its potential for industrial uses.
Economic downturn risk A sudden economic downturn could negatively impact tenant stability, especially with a score of 80/100 indicating some vulnerability despite a strong economic stability score of 90/100.
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