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 1953, energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a recently renovated kitchen equipped with a dishwasher and a spacious balcony that enhances both natural light and outdoor connectivity.
The valuation. The asking price of €345,000 sits €43,178 below the fair value of €388,178, reflecting an undervaluation of 11.1%. This makes the property an appealing opportunity for potential investors. Buy-to-flip angle. With high-quality finishes evident, the apartment can be quickly renovated and flipped for a profit given its competitive price compared to the market. This strategy could yield substantial returns upon resale. Buy-to-let angle. The estimated rental income of €920/month offers a gross yield of 3.2%, providing a steady cash flow for long-term investors. This makes it an attractive buy-to-let opportunity in the affluent suburb.
Fair value modelled at €388,178 from 6 comparable sales in the area. Asking €345,000 sits €43,178 (11.1%) below — the upside to fair value.
Asking €345,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €304,907 (€4,120/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €304,907, adjusted for condition and micro-location, gives a modelled fair value of €388,178 (€5,246/m²), a €43,178 (11.1%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 57f9f6 | Subject | €345,000 | €4,662 | — | 82 | 78 |
| rua Viriato | Active | €330,000 | €5,410 | 16.0% | 75 | 73 |
| largo José da Silva Chaves, 3 | Active | €355,000 | €4,931 | 5.8% | 78 | 72 |
| rua Maestro António Taborda, 32 | Active | €365,000 | €5,615 | 20.4% | 76 | 80 |
| rua União Piedense | Active | €275,000 | €4,583 | 1.7% | 75 | 76 |
| Median comp | €342,500 | €5,171 | 10.9% | 76 | 75 |
Long-term rental This property, listed at €345,000, presents a gap of 11.1% below its fair value of €388,178, indicating it is a promising option for long-term rental. With a gross yield of 3.2%, it offers steady income potential while being located in a suburban area with an affluent population close to Lisbon. Family rental The 2-bed apartment in Almada, valued at €388,178 yet listed for €345,000, demonstrates a favorable investment opportunity for family rentals given its proximity to employment and services in Lisbon. The neighborhood rating of 78/100 enhances its attractiveness for families seeking quality living spaces. Buy-and-hold A buy-and-hold strategy for this property is advantageous given its current listing at €345,000, which is 11.1% under the fair value of €388,178. The apartment's condition rating of 85/100 suggests it requires minimal maintenance, making it a solid candidate for long-term appreciation in a desirable suburban area.
Economic Vulnerability A relatively high economic stability score of 80/100 indicates a resilient market, but potential economic downturns could still affect rental income and property value.
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