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 113 m² on the 1st floor, built in 1972, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts two front balconies: an open balcony offering breathtaking views of the Tagus River, and a closed marquise balcony for additional storage or versatile use.
The valuation. The asking price of €491,000 sits just below the fair value of €494,630, a difference of €3,630 (0.7%), indicating that the property is priced fairly within the current market. Buy-to-flip angle. A buy-to-flip strategy could see the property sold for a profit given its modern finishes and appealing design, maximizing aesthetic value to attract potential buyers. Buy-to-let angle. With an estimated gross yield of 2.9% based on potential monthly rental income of €1,187, this apartment can serve as a stable long-term rental investment in a family-oriented suburban area of Lisbon.
Fair value modelled at €494,630 from 6 comparable sales in the area. Asking €491,000 sits €3,630 (0.7%) below — the upside to fair value.
Asking €491,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €395,646 (€3,501/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €395,646, adjusted for condition and micro-location, gives a modelled fair value of €494,630 (€4,377/m²), a €3,630 (0.7%) gap versus the €491,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 0c0587 | Subject | €491,000 | €4,345 | — | 75 | 83 |
| Almada, Cova da Piedade, Pragal e Cacilhas · a0cba9 | Active | €385,000 | €4,477 | 3.0% | 75 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 8002b8 | Active | €385,000 | €4,278 | 1.6% | 75 | 75 |
| avenida Infante Santo, 56 | Active | €695,000 | €6,318 | 45.4% | 80 | 79 |
| via A2 | Active | €550,000 | €5,000 | 15.1% | 75 | 78 |
| Median comp | €467,500 | €4,739 | 9.1% | 75 | 77 |
Long-term rental The property in Cova da Piedade shows a gross yield of 2.9%, indicating stable rental income potential in a suburban Lisbon location. Given the fair valuation at €491,000, it appeals to long-term tenants seeking comfortable accommodations in a safe neighborhood. Buy-and-hold With a fair market valuation closely aligned with the listing price, buying this 3-bed apartment offers potential for steady capital appreciation driven by the strong economic indicators of the area. The favorable condition rating of 77/100 suggests minimal immediate renovation costs, making it a reasonable option for a buy-and-hold strategy in a desirable location. Family rental This apartment is well-suited to family rental markets, bolstered by the neighborhood’s safety rating of 83/100 and ample amenities that cater to family needs. While it is fairly valued, the apartment offers a comfortable environment for families looking to settle in the suburban Lisbon area.
Potential Economic Downturn There is a risk that economic instability could impact tenant retention, especially with a high economic stability score of 85/100 indicating potential volatility in the market.
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