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.
1-bedroom, 1-bathroom apartment of 63 m² on the 1st floor, built in 1996, energy rating E. Located on rua Manuel Teixeira Gomes, 23, Carnaxide e Queijas parish, Oeiras municipality, Lisbon district. Noteworthy Features: The building offers two elevators, enhancing accessibility for residents and contributing to overall convenience, particularly noteworthy for apartment living in a central area. Private Parking: A designated parking space is included, a rare and valuable asset in a densely populated location like Carnaxide.
The valuation. The asking price of €300,000 is significantly above the fair value of €246,383, resulting in an overvaluation of €53,617 or 21.8%. This indicates that the property is overpriced based on current market comparisons.
Fair value modelled at €246,383 from 6 comparable sales in the area. Asking €300,000 sits €53,617 (21.8%) above — overpriced versus fair value.
Asking €300,000 versus the rua Manuel Teixeira Gomes, 23 area baseline of €254,337 (€4,037/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €254,337, adjusted for condition and micro-location, gives a modelled fair value of €246,383 (€3,911/m²), a €53,617 (21.8%) gap versus the €300,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Teixeira Gomes, 23 | Subject | €300,000 | €4,762 | — | 72 | 76 |
| rua da Venteira | Active | €239,900 | €3,933 | 17.4% | 73 | 62 |
| rua Loureiro, 4 | Active | €285,000 | €7,125 | 49.6% | 80 | 76 |
| Águas Livres · 001bc7 | Active | €325,000 | €3,824 | 19.7% | 73 | 82 |
| rua Correia Teles, 16 | Active | €219,000 | €3,982 | 16.4% | 76 | 73 |
| Median comp | €262,450 | €3,958 | 16.9% | 75 | 75 |
Family rental The 1-bed apartment in Carnaxide e Queijas is not positioned to attract families due to its overpriced valuation at €300,000, which exceeds the fair value of €246,383 by 21.8%. With a gross yield of only 3.5%, the investment lacks the necessary return potential for family-oriented tenants. Long-term rental While the location features a decent neighbourhood score of 76/100 and shows potential due to nearby employment hubs, the property remains overpriced at €300,000 relative to its fair value of €246,383, reflecting a 21.8% gap. This premium pricing dampens the attractiveness for long-term renters seeking value for their housing needs. Buy-and-hold The buy-and-hold strategy for this 1-bed apartment is hindered by its overpriced status at €300,000, significantly above the fair value of €246,383, leading to a valuation gap of 21.8%. Although the neighbourhood offers reasonable amenities, the low yield of 3.5% diminishes long-term investment viability in an inflated market.
[Tenant turnover risk] With a tenant stability score of 70/100, there's an increased risk of higher tenant turnover, potentially leading to extended vacancy periods 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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