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 2nd floor, built in 1980, energy rating C. Located on avenida Carolina Michaelis, 41, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: Located in a prime area close to Lisbon, the apartment offers quick access to Jamor Urban Park and local amenities, perfect for a balanced lifestyle.
The valuation. The asking price of €365,000 sits €14,543 (4.1%) above fair value, which is assessed at €350,457. Hence, the property is considered to be fairly valued. Buy-to-flip angle. With a slight margin to work with, a rapid renovation strategy could aim for a resale aimed at a price above €375,000, capitalizing on the desirable features and location. Buy-to-let angle. The estimated rental income of €1,125/month results in a gross yield of 3.7%, providing a steady income stream in a suburban area with good connectivity to Lisbon city center.
Fair value modelled at €350,457 from 6 comparable sales in the area. Asking €365,000 sits €14,543 (4.1%) above — overpriced versus fair value.
Asking €365,000 versus the avenida Carolina Michaelis, 41 area baseline of €300,627 (€3,711/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €300,627, adjusted for condition and micro-location, gives a modelled fair value of €350,457 (€4,327/m²), a €14,543 (4.1%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Carolina Michaelis, 41 | Subject | €365,000 | €4,506 | — | 75 | 76 |
| rua Joseph Bleck, 2 | Active | €365,000 | €4,056 | 10.0% | 88 | 74 |
| rua do Loureiro, 2-2 | Active | €369,000 | €4,556 | 1.1% | 76 | 70 |
| Carnaxide e Queijas · f46ca1 | Active | €295,000 | €4,041 | 10.3% | 73 | 76 |
| rua Artur Duarte | Active | €474,500 | €4,394 | 2.5% | 80 | 81 |
| Median comp | €367,000 | €4,225 | 6.2% | 78 | 75 |
Long-term rental The property in Algés offers a competitive gross yield of 3.7%, making it a feasible option for long-term rental investment. Given the area's good connectivity to Lisbon and the solid tenant quality, the property is well-positioned for stable rental income, despite its fair valuation. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy aligns with the long-term growth potential of the Greater Lisbon suburban market. While the property is currently valued fairly at €365,000, its connectivity and neighborhood quality suggest a reliable holding for future appreciation. Family rental The property appeals to families looking for quality housing given its score of 76 in neighborhood quality and reasonable size. Although the apartment is fairly priced, it provides a stable option for family rental, benefiting from the area’s amenities and transport links.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and potential loss of rental income.
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