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, 1-bathroom apartment of 103 m² on the 2nd floor, energy rating C. Located on rua Ferreira Lapa, 8, Carnaxide e Queijas parish, Oeiras municipality, Lisbon district. Noteworthy Features: This recently renovated apartment boasts PVC windows ensuring exceptional thermal and acoustic insulation, contributing to increased comfort and energy efficiency. Location Insight: Its proximity to major shopping centers and public transport enhances convenience for residents.
The valuation. The asking price of €390,000 is below the fair value of €448,876, creating an opportunity with a discount of €58,876 (13.1%). This indicates the property is subvalued in the current market.
Fair value modelled at €448,876 from 6 comparable sales in the area. Asking €390,000 sits €58,876 (13.1%) below — the upside to fair value.
Asking €390,000 versus the rua Ferreira Lapa, 8 area baseline of €417,858 (€4,057/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 €417,858, adjusted for condition and micro-location, gives a modelled fair value of €448,876 (€4,358/m²), a €58,876 (13.1%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ferreira Lapa, 8 | Subject | €390,000 | €3,786 | — | 78 | 83 |
| avenida Bombeiros Voluntários de Algés, 29 | Active | €295,000 | €3,073 | 18.8% | 70 | 73 |
| rua Pereira Palha | Active | €380,000 | €4,471 | 18.1% | 75 | 73 |
| avenida Tomás Ribeiro | Active | €467,000 | €4,245 | 12.1% | 74 | 76 |
| avenida Carolina Michaelis, 41 | Active | €365,000 | €4,506 | 19.0% | 75 | 76 |
| Median comp | €372,500 | €4,358 | 15.1% | 75 | 75 |
Long-term rental The property in Carnaxide e Queijas presents a fair value of €448,876, indicating it is currently priced 13.1% below this benchmark, making it an attractive option for long-term rental. With a gross yield of 4.2% and a high neighbourhood score of 83/100, the investment is poised for stable rental income in a desirable location. Family rental In a neighbourhood rated 83/100, this 3-bed apartment is well-positioned for family rentals, being 13.1% underpriced compared to its fair value of €448,876. The solid gross yield of 4.2% further enhances its appeal as a stable, long-term family housing option. Buy-and-hold Given the 13.1% gap below fair value and a current listing price of €390,000, this property represents a promising buy-and-hold investment opportunity in Carnaxide e Queijas. Combining a gross yield of 4.2% with a desirable neighbourhood score of 83/100, this investment is well-suited for long-term capital appreciation. Not ideal for Value-add renovation While the property is in decent condition, rated at 76/100, it is 13.1% below its fair value and does not present a compelling case for extensive value-add renovations. Given its existing state and market comparables, the potential upside appears limited for renovation-focused investors. Not ideal for Student housing This 3-bed apartment, although strategically located, is 13.1% below fair value and lacks suitability for student housing, as indicated by the family-oriented neighbourhood rating of 83/100. The dynamics of the area do not support a strong demand from the student demographic, impacting potential rental income. Not ideal for Short-term vacation rental With a fair value of €448,876 and current pricing that reflects a 13.1% gap, this property is not aligned with short-term vacation rental strategies. The apartment’s location and neighbourhood rating suggest a stronger appeal for long-term residents rather than transient visitors.
Tenant turnover risk The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and lost rental income.
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