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 107 m² on the 5th floor, energy rating C. Located on rua de Évora, 22, Alcabideche parish, Cascais municipality, Lisbon district. This apartment features custom-made furniture and architectural lighting, enhancing the luxurious feel while boasting unobstructed sea and mountain views from three orientations.
The valuation. The asking price of €649,000 sits significantly below the fair value of €925,238, representing a discount of €276,238 (29.9%). This property is clearly underpriced, providing a unique investment opportunity in the current market.
Fair value modelled at €925,238 from 6 comparable sales in the area. Asking €649,000 sits €276,238 (29.9%) below — the upside to fair value.
Asking €649,000 versus the rua de Évora, 22 area baseline of €781,728 (€7,306/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 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 €781,728, adjusted for condition and micro-location, gives a modelled fair value of €925,238 (€8,647/m²), a €276,238 (29.9%) gap versus the €649,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Évora, 22 | Subject | €649,000 | €6,065 | — | 85 | 74 |
| Cascais e Estoril · 1907d7 | Active | €1,275,000 | €8,673 | 43.0% | 85 | 67 |
| Cascais e Estoril · 28b95d | Active | €1,190,000 | €10,348 | 70.6% | 78 | 76 |
| rua José Joaquim de Freitas | Active | €1,250,000 | €8,621 | 42.1% | 78 | 69 |
| Cascais e Estoril · 9117ea | Active | €1,275,000 | €8,121 | 33.9% | 85 | 72 |
| Median comp | €1,262,500 | €8,647 | 42.6% | 82 | 71 |
Long-term rental The apartment in Alcabideche, Cascais presents a compelling opportunity for long-term rental at a fair value gap of 29.9%, significantly enhancing the potential return on investment. With a gross yield of 3% and an appealing condition rating of 87/100, this property could serve as a stable source of income for landlords. Family rental Targeting families seeking a spacious home within commuting distance to Lisbon, this 3-bedroom apartment caters well to a demographic that values both space and accessibility. The property, rated 74/100 for neighborhood quality, is strategically located near schools and amenities, enhancing its attractiveness to family renters. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield significant appreciation, given its underpriced status against the fair value of €925,238. The potential for equity growth combined with a stable rental yield supports a long-term investment horizon in a desirable suburban location. Not ideal for short-term vacation rental Due to its suburban context and typical crime levels, the apartment does not align well with the criteria that support successful short-term vacation rentals. The focus on family-oriented renters and long-term stability makes this property less suitable for a transient rental market. Not ideal for luxury market This property does not meet the specifications typically demanded by the luxury market, as its appeal is rooted more in family living than high-end finishes or exclusivity. Investing in a luxury-focused strategy may not yield favorable outcomes given the property’s suburban nature and broader market positioning.
Potential for Economic Volatility The economic stability score of 80/100 suggests a relatively strong economy, but the tenant stability score of 75/100 indicates there may be a risk of tenant turnover, which could affect cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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