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 88 m² on the 1st floor, built in 1960, energy rating C. Located on rua Bombeiros Voluntários, 164, Alcabideche parish, Cascais municipality, Lisbon district. Unique feature: An unfinished attic provides additional potential for expansion or creative use, while the absence of an elevator contributes to the building's exclusive atmosphere. Condition note: The current state shows significant neglect requiring attention.
The valuation. The asking price of €330,000 is significantly below the fair value of €397,533, representing a difference of €67,533 (17.0%). This puts the property in an attractive position for potential buyers seeking value.
Fair value modelled at €397,533 from 6 comparable sales in the area. Asking €330,000 sits €67,533 (17.0%) below — the upside to fair value.
Asking €330,000 versus the rua Bombeiros Voluntários, 164 area baseline of €448,035 (€5,091/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 28/100 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 €448,035, adjusted for condition and micro-location, gives a modelled fair value of €397,533 (€4,517/m²), a €67,533 (17.0%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bombeiros Voluntários, 164 | Subject | €330,000 | €3,750 | — | 21 | 71 |
| Alcabideche · dee562 | Active | €295,000 | €3,598 | 4.1% | 30 | 78 |
| rua Carlos Anjos, 45A | Active | €565,000 | €5,650 | 50.7% | 35 | 68 |
| Alcabideche · efdd95 | Active | €239,500 | €4,277 | 14.0% | — | 72 |
| Cascais e Estoril · 15e3af | Active | €295,000 | €4,758 | 26.9% | 43 | 70 |
| Median comp | €295,000 | €4,518 | 20.5% | 35 | 71 |
Long-term rental This 3-bed apartment in Alcabideche offers a compelling opportunity for long-term rental due to its fair value assessment of €397,533, indicating a 17.0% gap from the listing price. With a gross yield of 4.6% and strong local demand influenced by proximity to Lisbon, this property can attract stable and quality tenants. Buy-and-hold Acquiring this apartment represents a solid buy-and-hold investment strategy given its subvalorizada status, inviting potential appreciation over time. The suburban location of Alcabideche suggests a promising tenant base and consistent rental income, making it a suitable long-term investment. Family rental This property is ideally positioned for the family rental market, characterized by a decent neighborhood score of 71/100 that enhances its appeal to families. The apartment's size and reasonable pricing create an attractive option for families seeking stable and secure living conditions in the Cascais area.
Economic Dependence Risk: With both economic stability and tenant stability scores at 70/100, there is a significant risk of fluctuations in rental income due to potential market volatility affecting tenant retention and overall economic conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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