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.
1-bedroom, 1-bathroom apartment of 42 m² on the 1st floor, built in 1950. Located on rua da Adiça, 12, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Features: This charming apartment boasts a south-facing balcony that enhances the inviting living space while allowing residents to enjoy Alfama's vibrant atmosphere throughout the day.
The valuation. The asking price of €295,000 sits €46,833 (13.7%) below the fair value of €341,833, indicating this property is subvalued in today’s market.
Fair value modelled at €341,833 from 6 comparable sales in the area. Asking €295,000 sits €46,833 (13.7%) below — the upside to fair value.
Asking €295,000 versus the rua da Adiça, 12 area baseline of €327,241 (€7,791/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €327,241, adjusted for condition and micro-location, gives a modelled fair value of €341,833 (€8,139/m²), a €46,833 (13.7%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Adiça, 12 | Subject | €295,000 | €7,024 | — | 78 | 86 |
| Campo de Ourique · 5e63ce | Active | €395,000 | €8,778 | 25.0% | 78 | 82 |
| rua das Madres | Active | €259,000 | €5,180 | 26.3% | 80 | 79 |
| travessa do Rosário, 18 | Active | €420,000 | €10,000 | 42.4% | 74 | 84 |
| rua do Poço dos Negros, 67 | Active | €450,000 | €7,500 | 6.8% | 74 | 80 |
| Median comp | €407,500 | €8,139 | 15.9% | 76 | 81 |
Long-term rental The 1-bed apartment in Santa Maria Maior presents a compelling opportunity with a gross yield of 4%, given its proximity to Lisbon's historic districts and business hubs. With a fair value of €341,833 and an asking price of €295,000, this property is indeed subvalued by 13.7%, making it attractive for long-term rental investments. Buy-and-hold Investing in this property allows for potential appreciation as Lisbon continues to attract both tourists and professionals, benefiting from its desirable location and strong tenant quality. With a current gap of 13.7% against fair value, this 1-bed apartment represents a viable buy-and-hold strategy for investors looking to capitalize on future value increases. Short-term vacation rental Santa Maria Maior's strong neighbourhood score of 86/100 and close proximity to key attractions make this property an ideal candidate for short-term vacation rentals, appealing to visitors seeking a central location. The underpricing of 13.7% against its fair value further enhances the potential for immediate cash flow and marketability as a vacation rental. Not ideal for student housing Given its location and amenities, this property is less suitable for student housing, as the target demographic may not align with the offerings of a 1-bed apartment in a premium neighbourhood. Therefore, focusing on other rental strategies will likely yield better returns.
Tenant turnover risk Higher tenant turnover can occur despite an 80/100 tenant stability score, potentially leading to increased vacancy rates and higher costs associated with re-leasing the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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