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 125 m² on the 2nd floor, energy rating C. Located on rua Major Afonso Palla, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. This apartment features a closed balcony that adds versatile space for dining or storage, enhancing its practicality in a highly convenient central location.
The valuation. The asking price of €540,000 is €61,687 (12.9%) above the fair value of €478,313, indicating that the property is overpriced. This discrepancy suggests potential challenges in achieving a profitable investment.
Fair value modelled at €478,313 from 6 comparable sales in the area. Asking €540,000 sits €61,687 (12.9%) above — overpriced versus fair value.
Asking €540,000 versus the rua Major Afonso Palla area baseline of €378,624 (€3,029/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €378,624, adjusted for condition and micro-location, gives a modelled fair value of €478,313 (€3,827/m²), a €61,687 (12.9%) gap versus the €540,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Major Afonso Palla | Subject | €540,000 | €4,320 | — | 73 | 75 |
| rua Manuel Ferreira | Active | €690,000 | €3,833 | 11.3% | 75 | 74 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · be9371 | Active | €525,000 | €3,596 | 16.8% | 70 | 81 |
| praceta Gomes Leal, 2 | Active | €580,000 | €4,531 | 4.9% | 76 | 74 |
| praceta António Enes, 1 | Active | €495,000 | €3,667 | 15.1% | 74 | 77 |
| Median comp | €552,500 | €3,750 | 13.2% | 75 | 76 |
Long-term rental The property in Algés is priced at €540,000, which is 12.9% above its fair value of €478,313, indicating it may not be a wise investment for long-term rental prospects. With a gross yield of only 3.5%, the current price does not justify the investment in this suburban area with average amenities and condition ratings. Family rental Although the area offers stability and access to jobs, the current listing price of €540,000 positions the property as overpriced, with a fair value gap of 12.9%. Considering its average condition and neighborhood ratings, potential family tenants may seek better value in the local market. Buy-and-hold Investing in this property as a buy-and-hold strategy is risky, given its current price of €540,000, which exceeds the fair value by 12.9%. With a modest gross yield of 3.5% and average market conditions, long-term capital appreciation may not compensate for the initial overvaluation.
Economic downturn risk With an economic stability score of 80/100, there is a substantial risk that market fluctuations could affect tenant demand, particularly if the economy dips, potentially impacting long-term rental income.
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