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, 2-bathroom apartment of 60 m² on the 3rd floor, energy rating E. Located on rua Luís Teotónio Pereira, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment offers a well-equipped office space, making it versatile for remote work or additional guests, alongside an attractive terrace with a view of Cristo Rei.
The valuation. The asking price of €349,000 exceeds the fair value of €286,335 by €62,665 (21.9%), indicating that the property is overpriced. This disparity suggests potential resistance in achieving a profitable sale.
Fair value modelled at €286,335 from 6 comparable sales in the area. Asking €349,000 sits €62,665 (21.9%) above — overpriced versus fair value.
Asking €349,000 versus the rua Luís Teotónio Pereira area baseline of €242,140 (€4,036/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 €242,140, adjusted for condition and micro-location, gives a modelled fair value of €286,335 (€4,772/m²), a €62,665 (21.9%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Luís Teotónio Pereira | Subject | €349,000 | €5,817 | — | 85 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 57f9f6 | Active | €345,000 | €4,662 | 19.8% | 82 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a63 | Active | €339,500 | €4,527 | 22.2% | 80 | 79 |
| rua Afonso Galo, 36 | Active | €369,000 | €5,197 | 10.7% | 80 | 74 |
| rua António Nobre, 4 | Active | €415,000 | €4,882 | 16.1% | 80 | 78 |
| Median comp | €357,000 | €4,772 | 18.0% | 80 | 78 |
Long-term rental This 2-bed apartment in Almada is priced at €349,000, which is 21.9% above its fair value of €286,335, indicating it is overpriced. With a gross yield of only 2.6% and a neighborhood score of 75/100, the potential returns may not justify the high entry price. Family rental At a listing price of €349,000, this apartment sits 21.9% above its fair value, suggesting it is overpriced for families seeking long-term housing. Although the property is in decent condition (87/100), the yield of 2.6% limits its attractiveness for families looking for affordable options in the area. Buy-and-hold The apartment's current listing price of €349,000 means it is overpriced, standing 21.9% above its fair value of €286,335. Given its low gross yield of 2.6%, buyers might find better opportunities in other properties that offer more favorable returns over time.
Economic downturn risk A potential economic downturn could significantly impact tenant stability, given the 75/100 tenant stability score, potentially leading to higher vacancy rates or rent defaults.
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