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, 2-bathroom apartment of 90 m², built in 1984, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Impressive integrated balconies enhance living space and provide ample natural light, while the modern kitchen's new appliances support a contemporary lifestyle in a prime urban location.
The valuation. The asking price of €385,000 is below the fair value of €421,519, indicating a discrepancy of €36,519 (8.7%). The property is fairly priced for the market.
Fair value modelled at €421,519 from 5 comparable sales in the area. Asking €385,000 sits €36,519 (8.7%) below — the upside to fair value.
Asking €385,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €350,751 (€3,897/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting 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 €350,751, adjusted for condition and micro-location, gives a modelled fair value of €421,519 (€4,684/m²), a €36,519 (8.7%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 8002b8 | Subject | €385,000 | €4,278 | — | 75 | 75 |
| via A2 | Active | €550,000 | €5,000 | 16.9% | 75 | 78 |
| rua Bernardo Santareno, 9 | Active | €290,000 | €3,537 | 17.3% | 73 | 72 |
| Laranjeiro e Feijó · 19f8af | Active | €370,000 | €4,684 | 9.5% | 75 | 80 |
| rua José Gomes Ferreira, 10 | Active | €395,000 | €4,341 | 1.5% | 72 | 79 |
| Median comp | €382,500 | €4,513 | 5.5% | 74 | 79 |
Family rental This property offers a fair value connection with solid family-friendly attributes, including nearby schools and amenities that cater to a suburban demographic. While the property is not a deal at its listing price, it can attract families looking for convenient access to Lisbon, providing a stable tenant base. Long-term rental The property presents an acceptable yield of 3.4%, which is reasonable for the area considering its proximity to major employment hubs. Although it is fairly priced rather than a bargain, it can still deliver a consistent rental income amidst the growing suburban demand. Buy-and-hold Positioned in a suburban area with amenities and schools, this apartment is well-suited for a buy-and-hold strategy, albeit at a fair value. It may not be significantly undervalued, but its location and condition can still provide appreciation potential over time without the risks associated with volatile markets.
Tenant turnover risk High tenant turnover may occur due to the relatively low tenant stability score of 70/100, which can lead to increased vacancy rates and higher re-leasing 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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