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 67 m² on the 3rd floor, energy rating D. Located on rua Ilha de São Tomé, 19, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment features a modern open-plan living area that promotes natural light, and its location is within walking distance of the Cova da Piedade waterfront. Location: Cova da Piedade, Almada.
The valuation. The asking price of €250,000 exceeds the fair value of €228,308 by €21,692 (9.5%). This property is fairly valued based on current market conditions.
Fair value modelled at €228,308 from 6 comparable sales in the area. Asking €250,000 sits €21,692 (9.5%) above — overpriced versus fair value.
Asking €250,000 versus the rua Ilha de São Tomé, 19 area baseline of €265,964 (€3,970/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 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 €265,964, adjusted for condition and micro-location, gives a modelled fair value of €228,308 (€3,408/m²), a €21,692 (9.5%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha de São Tomé, 19 | Subject | €250,000 | €3,731 | — | 40 | 76 |
| Laranjeiro e Feijó · 99f1d3 | Active | €235,000 | €3,507 | 6.0% | 40 | 83 |
| rua da Boa Esperança, 8 | Active | €250,000 | €2,907 | 22.1% | 35 | 75 |
| Corroios · 28b9af | Active | €195,000 | €2,349 | 37.0% | 42 | 82 |
| rua Dom João IV S / N | Active | €215,000 | €3,308 | 11.4% | 30 | 76 |
| Median comp | €225,000 | €3,108 | 16.7% | 38 | 79 |
Long-term rental This property offers a gross yield of 4.2%, which is acceptable for the current market conditions in Almada. While the gap from the fair value is only 9.5%, positioning the property as fairly priced suggests moderate rental cash flow potential aligned with long-term investment goals. Family rental Given that the neighbourhood scores 76/100, the apartment is positioned attractively for families seeking stable rental options close to Lisbon. However, the overall condition score of 43/100 indicates that investors may need to allocate resources for refurbishment to meet family expectations, impacting net returns. Buy-and-hold With a fair valuation of €250,000 and a manageable price gap of 9.5%, this property fits well within a buy-and-hold strategy aimed at long-term appreciation. Investors should consider the underlying urban characteristics and good transport links which support the potential for steady value increase over time.
Economic Vulnerability The economic stability score of 75/100 suggests potential vulnerability to economic downturns that could impact tenant retention and rental income.
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