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 188 m² on the 2nd floor, built in 2002, energy rating F. Located on rua Brasil, 20, Ramada e Caneças parish, Odivelas municipality, Lisbon district. Noteworthy Features: This apartment includes a versatile 40 m² music studio, perfect for adapting to various recreational or professional needs, alongside a spacious closed garage accommodating two vehicles.
The valuation. The asking price of €440,000 sits €67,399 below the fair value of €507,399, indicating that it is underpriced by 13.3%. This presents a compelling opportunity for investment. Buy-to-flip angle. The resale strategy revolves around minimal renovations, given the above-average quality of materials, aimed at attracting buyers willing to pay a premium for modernized living spaces. Buy-to-let angle. With an estimated rental income of €1,357/month, the gross yield stands at 3.7%, making it an attractive option for long-term rental and family rental strategies considering the proximity to Lisbon.
Fair value modelled at €507,399 from 6 comparable sales in the area. Asking €440,000 sits €67,399 (13.3%) below — the upside to fair value.
Asking €440,000 versus the rua Brasil, 20 area baseline of €489,387 (€2,603/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €489,387, adjusted for condition and micro-location, gives a modelled fair value of €507,399 (€2,699/m²), a €67,399 (13.3%) gap versus the €440,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Brasil, 20 | Subject | €440,000 | €2,340 | — | 70 | 73 |
| rua São Martinho | Active | €345,000 | €1,725 | 26.3% | 66 | 74 |
| rua da Cruz, 10C | Active | €270,000 | €2,596 | 10.9% | 68 | 72 |
| Odivelas · 5e6163 | Active | €390,000 | €2,786 | 19.0% | 68 | 74 |
| rua Alfredo Ruas, 40 | Active | €460,000 | €2,857 | 22.1% | 74 | 74 |
| Median comp | €367,500 | €2,691 | 15.0% | 68 | 74 |
Long-term rental This property presents a compelling opportunity for long-term rental, with the current yield of 3.7% and a fair value gap of 13.3% indicating it is underpriced. Its solid condition score of 67 and favorable neighborhood rating of 73 enhance its attractiveness as a stable rental option for tenants looking for quality housing near Lisbon. Family rental The 3-bed apartment in Ramada e Caneças is well-suited for family rentals, benefiting from its spacious 188m² layout and the underpricing compared to fair value at €440,000. The locality's suburban characteristics, coupled with decent amenities and a robust school system, make it an excellent choice for families seeking comfort and community. Buy-and-hold Investing in this property aligns well with a buy-and-hold strategy, as its fair value of €507,399 suggests significant potential for appreciation given its current listing price. Additionally, the sound economic context influenced by proximity to Lisbon indicates long-term growth and stability in property value for investors. Not ideal for luxury market This apartment, while spacious, does not cater to the luxury market due to its moderate condition score of 67 and the average neighborhood rating of 73. The pricing structure does not support high-end finishes or amenities typically sought in luxury acquisitions. Not ideal for short-term vacation rental The property is not suited for short-term vacation rentals, primarily due to its suburban location and the lack of luxury appeal in its offerings. With a moderate gross yield of 3.7%, it does not align with the high returns expected in the vacation rental market. Not ideal for student housing The 3-bed configuration and family-friendly amenities make this property less attractive for student housing, where typically demand leans towards smaller, lower-cost units near educational institutions. Additionally, the suburban nature of the neighborhood may not cater to student lifestyles preferring urban environments.
Tenant turnover risk Tenant stability is relatively low at 70/100, indicating a potential for increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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