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 apartment of 68 m² on the 1st floor, built in 1984. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The apartment features a balcony that allows for ample natural light and potential outdoor leisure space, making it ideal for relaxation in a bustling location.
The valuation. The asking price of €266,000 is €14,904 (5.9%) above the fair value of €251,096, positioning this property at an acceptable market rate. The valuation suggests a fair investment opportunity without immediate concerns of overpricing.
Fair value modelled at €251,096 from 6 comparable sales in the area. Asking €266,000 sits €14,904 (5.9%) above — overpriced versus fair value.
Asking €266,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €255,654 (€3,760/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 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 €255,654, adjusted for condition and micro-location, gives a modelled fair value of €251,096 (€3,693/m²), a €14,904 (5.9%) gap versus the €266,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 2fcc77 | Subject | €266,000 | €3,912 | — | 42 | 71 |
| rua Ilha de São Tomé, 19 | Active | €250,000 | €3,731 | 4.6% | 40 | 76 |
| rua da Boa Esperança, 8 | Active | €250,000 | €2,907 | 25.7% | 35 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 133a5b | Active | €285,000 | €3,608 | 7.8% | 43 | 77 |
| rua Elias Garcia, 37 | Active | €265,000 | €4,077 | 4.2% | 45 | 78 |
| Median comp | €257,500 | €3,670 | 6.2% | 42 | 77 |
Long-term rental This property offers a gross yield of 4.1%, reflecting a solid performance for long-term rental investors in a market showing steady tenant demand. Given the property's fair valuation relative to local conditions, it stands as a stable option for generating consistent rental income. Family rental The apartment's location in a family-friendly neighborhood with a score of 71/100 makes it ideal for attracting families looking for long-term accommodations. With its fair value position and strong community amenities, it fulfills the essential requirements for comfortable family living. Buy-and-hold Investors seeking a buy-and-hold strategy should consider this property based on its fair market valuation and potential for appreciation in the stable Greater Lisbon region. The gross yield of 4.1% combined with a favorable neighborhood score indicates a reasonable prospect for long-term asset growth over time.
[Tenant turnover risk] With a tenant stability score of 65/100, there is a heightened risk of tenant turnover, which may lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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