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 77 m² on the 4th floor, built in 1979, energy rating D. Located on largo Rui Pereira, 17, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: The property includes a concierge house for residents that helps offset monthly condominium fees, and benefits from recently completed insulation and painting for improved energy efficiency. Características Destacáveis: A propriedade inclui uma casa de concierge para residentes que ajuda a compensar as despesas mensais do condomínio e beneficia de isolamento e pintura recentes para melhorar a eficiência energética.
The valuation. The asking price of €385,000 sits below the fair value of €444,033, indicating the property is subvalued by €59,033 (13.3%). Buy-to-flip angle. A quick resale strategy could capitalize on this underpricing, targeting a renovation to enhance value. Buy-to-let angle. The estimated rental income of €1,091 per month offers a gross yield of 3.4%, presenting solid long-term cash flow potential for investors.
Fair value modelled at €444,033 from 6 comparable sales in the area. Asking €385,000 sits €59,033 (13.3%) below — the upside to fair value.
Asking €385,000 versus the largo Rui Pereira, 17 area baseline of €395,438 (€5,136/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 €395,438, adjusted for condition and micro-location, gives a modelled fair value of €444,033 (€5,767/m²), a €59,033 (13.3%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo Rui Pereira, 17 | Subject | €385,000 | €5,000 | — | 78 | 78 |
| rua Cesário Verde, 3 | Active | €360,000 | €5,902 | 18.0% | 84 | 71 |
| avenida Ivens | Active | €350,000 | €6,604 | 32.1% | 84 | 74 |
| Carnaxide e Queijas · 99f47c | Active | €385,000 | €5,423 | 8.5% | 85 | 76 |
| Carnaxide e Queijas · ac99d9 | Active | €340,000 | €5,667 | 13.3% | 75 | 74 |
| Median comp | €355,000 | €5,785 | 15.7% | 84 | 74 |
Long-term rental The 2-bed apartment in Algés presents a compelling opportunity for long-term rental, with a fair value exceeding the current listing price by 13.3%. Given its favorable yield of 3.4% and solid neighborhood scores, it promises stable cash flow and potential appreciation over time. Buy-and-hold Investors should consider this property for a buy-and-hold strategy as it is priced below its fair value, ensuring a cushion against market fluctuations. The combination of high housing and employment scores in the metropolitan area of Lisbon further supports potential long-term capital growth. Family rental Targeting families, this property in Algés is ideally suited for long-term rental with its spacious layout and proximity to amenities, making it an attractive living option. With an appropriate yield of 3.4% and a neighborhood rating of 78, it effectively meets the needs of family tenants, thus increasing the likelihood of sustained demand.
Economic downturn risk A potential economic downturn could reduce tenant stability from a score of 75/100 to below 70, significantly impacting 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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