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 100 m² on the 1st floor, built in 1983, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment offers exceptional views of the iconic Cristo Rei and boasts high-quality climate control with air conditioning distributed throughout each room for optimal comfort.
The valuation. The asking price of €385,000 is only €729 (0.2%) above the fair value of €384,271, placing it within a reasonable range. This indicates that the property is competitively priced when compared to its worth in the current market.
Fair value modelled at €384,271 from 4 comparable sales in the area. Asking €385,000 sits €729 (0.2%) above — overpriced versus fair value.
Asking €385,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €311,264 (€3,113/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 €311,264, adjusted for condition and micro-location, gives a modelled fair value of €384,271 (€3,843/m²), a €729 (0.2%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 57fad4 | Subject | €385,000 | €3,850 | — | 75 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4a7cb8 | Active | €365,000 | €3,802 | 1.2% | 72 | 80 |
| avenida 23 de Julho, 383 | Active | €349,500 | €3,883 | 0.9% | 75 | 73 |
| rua do Armeiro-Mor | Active | €367,500 | €4,224 | 9.7% | 78 | 74 |
| Laranjeiro e Feijó · 1e60ec | Active | €310,000 | €3,563 | 7.4% | 78 | 74 |
| Median comp | €357,250 | €3,843 | 0.2% | 77 | 74 |
Long-term rental The 3-bed apartment in Almada presents a gross yield of 3.4%, indicative of a stable investment return in a growing location near Lisbon. Given that the property is priced at €385,000, only marginally above the fair value of €384,271, it remains a viable option for long-term renting. Family rental With an 81/100 condition rating and a solid neighborhood score of 78/100, this apartment represents an attractive option for family rentals in a suburban setting. The property’s proximity to Lisbon enhances its appeal to families seeking residential options while remaining close to urban amenities. Buy-and-hold As an asset priced fairly at €385,000, this property may serve as a strategic buy-and-hold investment in the stable market of Almada. The combination of competitive yield and favorable ratings suggests ongoing potential for capital appreciation over the long term.
Potential Economic Downturn Given the economic stability score of 75, there is a risk that future economic downturns could negatively impact tenant occupation rates and rental income.
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