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 47 m², built in 1960, energy rating F. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts a spacious and pleasant terrace, providing an outdoor relaxation area despite being located in the basement with a fully renovated kitchen and bathroom.
The valuation. The asking price of €240,000 sits €13,188 (5.8%) above the fair value of €226,812, indicating that the property is fairly valued based on current market conditions.
Fair value modelled at €226,812 from 6 comparable sales in the area. Asking €240,000 sits €13,188 (5.8%) above — overpriced versus fair value.
Asking €240,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €217,961 (€4,637/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €217,961, adjusted for condition and micro-location, gives a modelled fair value of €226,812 (€4,826/m²), a €13,188 (5.8%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · c83a16 | Subject | €240,000 | €5,106 | — | 65 | 76 |
| largo Infante Dom António | Active | €270,000 | €4,576 | 10.4% | 68 | 78 |
| rua Capitão Leitão | Active | €249,000 | €4,882 | 4.4% | 65 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 652fae | Active | €325,000 | €4,333 | 15.1% | 72 | 74 |
| praça Capitães de Abril, 4 | Active | €248,000 | €4,769 | 6.6% | 65 | 80 |
| Median comp | €259,500 | €4,673 | 8.5% | 67 | 76 |
Long-term rental This property, with a gross yield of 3.8%, is positioned in a suburb of Lisbon that boasts good transport links and amenities, making it suitable for long-term tenants. With a fair value of €226,812 compared to the listing price of €240,000, it represents a conservative investment in a stable rental market. Family rental Offering a 76/100 neighbourhood rating, this 2-bed apartment caters well to family tenants looking for a comfortable living environment near Lisbon. Despite being fairly priced at €240,000, its condition rating of 63/100 suggests potential for upgrades to attract more quality tenants. Buy-and-hold The property’s strategic location in Almada, characterized by solid amenities and transport options, makes it a reasonable choice for a long-term buy-and-hold investment. However, with the current listing exceeding its fair value by 5.8%, investors may want to monitor market trends before committing to purchase.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate level of tenant retention, suggesting possible volatility in rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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