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.
4-bedroom, 2-bathroom apartment of 170 m², energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment features a spacious 50m² living room with direct balcony access and stylish double-glazed windows throughout, enhancing comfort and natural light.
The valuation. The asking price of €590,000 is €55,469 (8.6%) below the fair value of €645,469, which classifies it as a fair investment opportunity in the current market. Buy-to-flip angle. A buy-to-flip strategy could yield profits by enhancing the apartment's modern features and then reselling it for a competitive price. Buy-to-let angle. This property can generate a gross rental income of approximately €1,426 per month, providing a gross yield of 2.9% for long-term tenants in the suburban Lisbon area.
Fair value modelled at €645,469 from 6 comparable sales in the area. Asking €590,000 sits €55,469 (8.6%) below — the upside to fair value.
Asking €590,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €592,910 (€3,488/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €592,910, adjusted for condition and micro-location, gives a modelled fair value of €645,469 (€3,797/m²), a €55,469 (8.6%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 2fcc5e | Subject | €590,000 | €3,471 | — | 75 | 74 |
| rua do Armeiro-Mor | Active | €439,000 | €3,885 | 11.9% | 75 | 78 |
| praceta de Ricardo Jorge S / N | Active | €495,000 | €3,613 | 4.1% | 74 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 38b5ba | Active | €367,000 | €3,563 | 2.7% | 74 | 72 |
| rua de Angola, 21 | Active | €455,000 | €3,792 | 9.3% | 80 | 75 |
| Median comp | €447,000 | €3,703 | 6.7% | 75 | 74 |
Long-term rental The property offers a gross yield of 2.9%, which aligns with typical returns in suburban areas, and its condition of 74/100 suggests it is reasonably maintained. While pricing is at fair value, the neighborhood's safety and school quality indicate solid long-term tenant demand. Family rental Given the suburban nature of Almada and the property's four-bedroom layout, it is well-suited for families seeking stability in a market with decent school quality. With a fair value assessment, the property provides a balanced investment opportunity in a family-oriented area. Buy-and-hold The property is priced at €590,000, close to its fair value of €645,469, making it a reasonable buy-and-hold option for investors looking to capitalize on future value appreciation in a growing suburb. The consistent tenant quality and amenities in the area suggest respectable long-term potential despite the slightly low yield of 2.9%.
Economic downturn risk A potential decline in economic stability from the current score of 80/100 may adversely affect tenant stability and rental income, which is already at a moderate score of 75/100.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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