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, 2-bathroom apartment of 116 m², energy rating B. Located on travessa do Alcaide, Misericórdia parish, Lisbon municipality, Lisbon district. This apartment’s transformation from a T1 to a T2 maximizes living space while maintaining the elegance of its historic surroundings, offering a unique blend of modern functionality and classic charm.
The valuation. The asking price of €630,000 is below the fair value of €698,231, resulting in a favorable price difference of €68,231 (9.8%). This property is subpriced in the current market.
Fair value modelled at €698,231 from 6 comparable sales in the area. Asking €630,000 sits €68,231 (9.8%) below — the upside to fair value.
Asking €630,000 versus the travessa do Alcaide area baseline of €650,857 (€5,611/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €650,857, adjusted for condition and micro-location, gives a modelled fair value of €698,231 (€6,019/m²), a €68,231 (9.8%) gap versus the €630,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa do Alcaide | Subject | €630,000 | €5,431 | — | 72 | 83 |
| largo do Rato | Active | €850,000 | €6,538 | 20.4% | 88 | 83 |
| rua Nelson de Barros | Active | €389,000 | €3,536 | 34.9% | 78 | 79 |
| Estrela · 5ece9e | Active | €890,000 | €4,837 | 10.9% | 83 | 80 |
| Estrela · 37508c | Active | €995,000 | €7,538 | 38.8% | 80 | 79 |
| Median comp | €870,000 | €5,688 | 4.7% | 82 | 80 |
Long-term rental With a gross yield of 3.9% and a fair value gap of 9.8%, this property presents a compelling opportunity for long-term rental investment. The strong quality of the neighbourhood, rated at 83/100, supports stable tenant demands and potential for long-term appreciation. Short-term vacation rental The property's location in central Lisbon, combined with its proximity to cultural attractions, makes it a prime candidate for short-term vacation rental strategies. Given the apartment's condition rating of 76/100, it is ready for immediate occupancy and could capitalize on the tourism appeal of the area. Buy-and-hold Investing in this apartment under a buy-and-hold strategy is favorable, considering its potential for value appreciation with a fair value that exceeds the listing price. The solid local market and strong economy in the neighbourhood further underpin the rationale for long-term ownership and property value growth.
Tenant turnover risk The tenant stability score of 70/100 suggests a moderate risk of tenant turnover, potentially impacting cash flow and increasing vacancy periods.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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