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 duplex of 91 m², energy rating E. Located on rua da Adiça, 37, Santa Maria Maior parish, Lisbon municipality, Lisbon district. This duplex is located in the historic Alfama district, providing residents with direct access to vibrant local culture and historic landmarks right at their doorstep.
The valuation. The asking price of €485,000 sits €131,342 below the fair value of €616,342, indicating that the property is underpriced by 21.3%. This presents a favorable opportunity for investors looking to capitalize on real estate appreciation. Buy-to-flip angle. A resale strategy could involve cosmetic upgrades that align with market trends, targeting a quick turnover for a higher sale price in a thriving Lisbon market. Investing in high-demand renovations could significantly increase the property’s value. Buy-to-let angle. With an estimated rental income of €1,657 per month, the property offers a gross yield of 4.1%. This positions it as an attractive option for long-term rental, appealing to both locals and expatriates in Central Lisbon's vibrant area.
Fair value modelled at €616,342 from 6 comparable sales in the area. Asking €485,000 sits €131,342 (21.3%) below — the upside to fair value.
Asking €485,000 versus the rua da Adiça, 37 area baseline of €589,531 (€6,478/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €589,531, adjusted for condition and micro-location, gives a modelled fair value of €616,342 (€6,773/m²), a €131,342 (21.3%) gap versus the €485,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Adiça, 37 | Subject | €485,000 | €5,330 | — | 74 | 84 |
| Penha de França · 627436 | Active | €449,900 | €7,256 | 36.2% | 75 | 83 |
| Penha de França · ee8917 | Active | €380,000 | €6,667 | 25.1% | 78 | 90 |
| rua do Paraíso | Active | €399,000 | €6,879 | 29.1% | 80 | 82 |
| praça Paiva Couceiro | Active | €349,900 | €7,776 | 45.9% | 76 | 82 |
| Median comp | €389,500 | €7,068 | 32.6% | 77 | 83 |
Long-term rental With a fair value of €616,342, this duplex, listed at €485,000, presents an attractive gap of 21.3%, indicating a strong opportunity for stable income generation through long-term rentals in a highly desirable neighborhood. The current yield of 4.1% gross and a solid condition rating of 76/100 further enhance its appeal for consistent cash flow. Buy-and-hold Purchasing this property at €485,000, while the fair value is €616,342, positions investors well for potential appreciation, particularly in the robust Lisbon real estate market. The favorable 21.3% gap against fair value, combined with the neighborhood's economic and amenity strengths, suggests long-term capital growth prospects are promising. Short-term vacation rental At a listing price of €485,000, significantly below the fair value of €616,342, this property stands to benefit from the thriving short-term rental market in central Lisbon, capitalizing on tourism demand. The high neighborhood score of 84/100 positions this duplex as an attractive option for vacationers seeking central accommodations, further enhancing its investment appeal.
Economic Dependence Risk The high economic stability score of 90/100 suggests a strong economy, but the tenant stability score of 70/100 indicates a risk of potential turnover or vacancies that could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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