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 on the 1st floor, built in 1984, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts tilt-and-turn windows, electric shutters, and an efficient layout, enhancing both comfort and modern usability in a central location. Valuation Verdict: Fair.
The valuation. The asking price of €385,000 is significantly below the fair value of €581,461, representing a difference of €196,461 (33.8%). This position indicates the property is underpriced, presenting a compelling opportunity for investors.
Fair value modelled at €581,461 from 3 comparable sales in the area. Asking €385,000 sits €196,461 (33.8%) below — the upside to fair value.
Asking €385,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €507,210 (€5,636/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €507,210, adjusted for condition and micro-location, gives a modelled fair value of €581,461 (€6,461/m²), a €196,461 (33.8%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 33bc32 | Subject | €385,000 | €4,278 | — | 78 | 74 |
| largo Santos | Active | €975,000 | €11,471 | 168.1% | 75 | 82 |
| via A2 | Active | €550,000 | €5,000 | 16.9% | 75 | 78 |
| largo do Calvário S / N | Active | €1,150,000 | €6,461 | 51.0% | 78 | 78 |
| Median comp | €975,000 | €6,461 | 51.0% | 75 | 78 |
Long-term rental The property in Almada, listed at €385,000, represents a significant opportunity for long-term rental investments given its fair value of €581,461, highlighting a favorable gap of 33.8%. With a gross yield of 3.4% and a neighbourhood score of 74/100, it is well-positioned to attract stable, long-term tenants seeking accessibility to Lisbon's amenities. Buy-and-hold Investing in this three-bedroom apartment offers a solid buy-and-hold strategy, supported by its fair value exceeding the listing price by 33.8%. The property’s strong condition rating of 81/100 combined with its proximity to Lisbon ensures that its value is likely to appreciate over time, alongside an appealing steady rental income. Family rental The apartment is well-suited for family rentals, with its spacious 90m² layout and secure residential environment in Almada. Given the fair valuation of €581,461 against the listing price, it has the potential to deliver satisfactory long-term rental returns in a neighbourhood that ranks positively at 74/100 for tenant quality.
Economic Downturn Impact The economic stability score of 70/100 indicates potential vulnerability to market downturns, which could affect rental demand and property values.**
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