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 80 m² on the 2nd floor, energy rating C. Located on rua Cidade de Manchester, 5, Arroios parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment features two frontages, enhancing its natural light and ventilation, while the Velux windows in the bedrooms and bathroom add unique architectural charm.
The valuation. The asking price of €465,000 is substantially below the fair value of €603,319, presenting a notable difference of €138,319 (22.9%). This property is classified as underpriced, making it a compelling choice for investment.
Fair value modelled at €603,319 from 6 comparable sales in the area. Asking €465,000 sits €138,319 (22.9%) below — the upside to fair value.
Asking €465,000 versus the rua Cidade de Manchester, 5 area baseline of €566,984 (€7,087/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €566,984, adjusted for condition and micro-location, gives a modelled fair value of €603,319 (€7,541/m²), a €138,319 (22.9%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Manchester, 5 | Subject | €465,000 | €5,813 | — | 80 | 84 |
| Alvalade · f14d90 | Active | €324,000 | €3,340 | 42.5% | 80 | 79 |
| rua Vale de Santo António | Active | €379,000 | €9,718 | 67.2% | 80 | 84 |
| rua Carlos Reis, 59 | Active | €525,000 | €7,000 | 20.4% | 80 | 82 |
| São Vicente · 93860c | Active | €379,900 | €8,083 | 39.1% | 75 | 85 |
| Median comp | €379,450 | €7,542 | 29.7% | 80 | 83 |
Long-term rental: The 2-bed apartment in Arroios boasts a fair value of €603,319, highlighting a notable gap of 22.9% from its listing price of €465,000. With a gross yield of 3.4% and an appealing condition rating of 82/100, this property is well-positioned to attract stable, long-term tenants in a highly sought-after central Lisbon location. Buy-and-hold: Given the fair value significantly exceeds the listing price, this property presents a promising opportunity for a buy-and-hold strategy in the thriving Arroios area. With a robust neighborhood rating of 84/100, investors can anticipate steady appreciation and consistent rental income over time. Luxury market: While the apartment is not a typical luxury property, its prime location and favorable condition may appeal to upwardly mobile professionals seeking quality living in central Lisbon. However, it's essential to remain cautious, as the property's potential in the luxury segment is constrained by current market dynamics and a relatively modest gross yield of 3.4%.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate risk of tenant turnover, which could impact rental income stability over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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