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 74 m² on the 1st floor, built in 1971, energy rating C. Located on rua Padre Francisco Recreio, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts fully glazed balconies that enhance natural light and are seamlessly integrated into the living space, providing additional versatile areas for relaxation or work.
The valuation. The asking price of €383,000 is €30,393 (8.6%) above the fair value of €352,607, indicating the property is correctly priced at its current market estimate. This positions it as a reasonable investment opportunity. Buy-to-flip angle. By targeting renovations in this 2-bed apartment, investors could enhance its appeal, aiming for a higher resale value in a desirable suburb near Lisbon. The modern features may attract buyers looking for contemporary living. Buy-to-let angle. With an estimated gross yield of 2.7%, generating approximately €862 per month, this property fits well for long-term family rentals in a market experiencing growing housing demand. Its location and design cater to attractive rental prospects.
Fair value modelled at €352,607 from 6 comparable sales in the area. Asking €383,000 sits €30,393 (8.6%) above — overpriced versus fair value.
Asking €383,000 versus the rua Padre Francisco Recreio area baseline of €309,977 (€4,189/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 €309,977, adjusted for condition and micro-location, gives a modelled fair value of €352,607 (€4,765/m²), a €30,393 (8.6%) gap versus the €383,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Padre Francisco Recreio | Subject | €383,000 | €5,176 | — | 80 | 75 |
| rua Rosas do Pombal | Active | €340,000 | €4,722 | 8.8% | 75 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · efdd7c | Active | €297,000 | €6,457 | 24.7% | 85 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · dc152c | Active | €375,000 | €4,808 | 7.1% | 80 | 70 |
| rua Padre Francisco do Recreio | Active | €375,000 | €4,934 | 4.7% | 82 | 70 |
| Median comp | €357,500 | €4,871 | 5.9% | 81 | 73 |
Long-term rental The property presents a gross yield of 2.7%, which aligns with the fair value assessment of €352,607, suggesting steady rental income potential. While the apartment is fairly priced, its desirable location near Lisbon's amenities ensures stable demand for long-term tenants. Family rental With a neighborhood rating of 75/100, this apartment is well-suited for families seeking a suburban lifestyle with access to urban amenities. Although the property is priced fairly, its size and condition cater to the growing demand for family-oriented housing in the area. Buy-and-hold Evaluating the appreciation potential in a suburban area near Lisbon, holding this property could yield long-term benefits as demand continues to rise. The fair pricing at €383,000 indicates a stable investment, albeit with limited immediate capital appreciation prospects based on current valuation metrics.
Economic Dependence Risk The property may be susceptible to economic fluctuations with an economic stability score of 80/100, indicating potential vulnerabilities in the local market that could impact tenant retention, given the tenant stability score of 75/100.
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