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 106 m² on the 3rd floor, energy rating D. Located on avenida Doutor Morais Sarmento, 210, Alcabideche parish, Cascais municipality, Lisbon district. Noteworthy Features: The apartment includes a garage with independent entrance and additional storage, enhancing utility in a residential area with limited parking options.
The valuation. The asking price of €450,000 sits €51,114 (12.8%) above the fair value of €398,886, which indicates the property is overpriced. This discrepancy may hinder potential returns for investors. Buy-to-flip angle. A resale strategy might involve renovating the dated features with an estimated budget, potentially increasing market appeal and value significantly. However, given the current valuation, quick flips could prove challenging. Buy-to-let angle. With an estimated gross yield of 4.4%, the property presents a viable option for long-term rental. Monthly rental income of approximately €1,650 could attract families seeking proximity to Lisbon amenities while yielding consistent cash flow.
Fair value modelled at €398,886 from 6 comparable sales in the area. Asking €450,000 sits €51,114 (12.8%) above — overpriced versus fair value.
Asking €450,000 versus the avenida Doutor Morais Sarmento, 210 area baseline of €388,744 (€3,667/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 52/100 is below the parish average, reducing 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 €388,744, adjusted for condition and micro-location, gives a modelled fair value of €398,886 (€3,763/m²), a €51,114 (12.8%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Morais Sarmento, 210 | Subject | €450,000 | €4,245 | — | 54 | 67 |
| rua de Santarém S / N | Active | €460,000 | €3,622 | 14.7% | 60 | 74 |
| rua Sacadura Cabral, 89 | Active | €470,000 | €3,507 | 17.4% | 55 | 71 |
| Cascais e Estoril · b45341 | Active | €290,000 | €3,333 | 21.5% | — | 78 |
| Cascais e Estoril · dc148b | Active | €385,000 | €4,010 | 5.5% | 55 | 69 |
| Median comp | €422,500 | €3,565 | 16.0% | 55 | 73 |
Long-term rental Given the property's fair value of €398,886, the 12.8% gap indicates that the listing price of €450,000 is too high, which could limit potential returns for a long-term rental strategy despite a 4.4% gross yield. Additionally, the average condition rating of 52/100 suggests that significant maintenance or upgrades might be necessary, further diminishing its attractiveness for long-term tenants. Family rental While the suburban location of Alcabideche offers proximity to metro area amenities, the property's listing price of €450,000 exceeds its fair value, indicating it is overpriced for a family rental market. With a neighborhood rating of 67/100, the area may appeal to families, but the high price point could deter potential renters seeking affordable housing options. Buy-and-hold Investing in this property as a buy-and-hold strategy seems risky, as the current listing price of €450,000 is above the fair value of €398,886, suggesting a lack of intrinsic value appreciation potential. This, combined with the moderate condition score of 52/100 and economic uncertainties in the surrounding neighborhood, indicates that long-term capital gains may not materialize as anticipated.
Economic Risk The economic stability score of 70/100 suggests potential fluctuations in local market conditions, which may impact rental income and property value over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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