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 81 m² on the 3rd floor, energy rating E. Located on rua Paio Peres Correia, 23, Penha de França parish, Lisbon municipality, Lisbon district. Noteworthy Features: The apartment features a spacious living room that can easily accommodate multiple seating arrangements, and its location on a quiet street ensures a peaceful atmosphere despite being centrally located.
The valuation. The asking price of €395,000 is significantly below the fair value of €465,358, indicating a potential discount of €70,358, or 15.1%. This positions the apartment as an attractive opportunity in the current market.
Fair value modelled at €465,358 from 6 comparable sales in the area. Asking €395,000 sits €70,358 (15.1%) below — the upside to fair value.
Asking €395,000 versus the rua Paio Peres Correia, 23 area baseline of €368,965 (€4,555/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €368,965, adjusted for condition and micro-location, gives a modelled fair value of €465,358 (€5,745/m²), a €70,358 (15.1%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Paio Peres Correia, 23 | Subject | €395,000 | €4,877 | — | 78 | 84 |
| rua Paio Peres Correia, 23 | Active | €415,000 | €5,000 | 2.5% | 80 | 86 |
| rua das Enfermeiras da Grande Guerra, 5 | Active | €450,000 | €5,844 | 19.8% | 73 | 80 |
| Penha de França · 8ee9a6 | Active | €380,000 | €5,846 | 19.9% | 75 | 83 |
| rua da Penha de França | Active | €367,000 | €5,646 | 15.8% | 80 | 81 |
| Median comp | €397,500 | €5,745 | 17.8% | 78 | 82 |
Long-term rental This investment strategy is supported by the 3.6% gross yield, indicating a stable income potential over time. The high tenant quality and favorable neighborhood score of 84/100 enhance its attractiveness for long-term rentals in a growing area of Lisbon. Buy-and-hold With the property priced at €395,000, which is 15.1% below the fair value of €465,358, the buy-and-hold strategy looks appealing as property values are expected to appreciate in this developing location. The proximity to central Lisbon bolsters the potential for capital growth while offering steady rental income. Family rental The 2-bed apartment in Penha de França is particularly suitable for family rentals, given its spacious size of 81m² and robust neighborhood amenities. The neighborhood's score of 84/100 and good condition rating of 80/100 further position this property as a desirable choice for families seeking a long-term home in a vibrant area. Not ideal for: Student housing, Short-term vacation rental The apartment's features do not align well with the needs of the student housing market, which typically seeks more affordable options and shorter lease terms. Similarly, it lacks the desirable characteristics for short-term vacation rentals, making it less suitable for this type of investment strategy.
Tenant turnover risk The tenant stability score of 73/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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