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, 2-bathroom apartment of 65 m², built in 1949, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This property includes a private yard, a rare urban feature, and a versatile 30 m² annex equipped for various uses, enhancing its potential for transformation and outdoor enjoyment.
The valuation. The asking price is set at €355,000, which is €54,625 (18.2%) above the fair value of €300,375. Thus, the property is considered overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 78811b | Subject | €355,000 | €5,462 | — | — | 74 |
| Laranjeiro e Feijó · 0016ee | Active | €295,000 | €4,683 | 14.3% | — | 70 |
| rua João Jacinto de Magalhães, 6 | Active | €295,000 | €4,609 | 15.6% | — | 74 |
| parque da Paz | Active | €379,900 | €4,633 | 15.2% | — | 62 |
| praça São João Baptista | Active | €450,000 | €4,500 | 17.6% | 65 | 73 |
| Median comp | €337,450 | €4,621 | 15.4% | 65 | 72 |
Long-term rental The property is overpriced by 18.2% compared to its fair value, making it a less attractive option for long-term rental investors seeking to maximize returns. With a gross yield of only 3.6%, the investment doesn't offer sufficient cash flow potential to justify the elevated price. Family rental Despite being located in a neighbourhood with a decent rating of 74/100, the apartment's pricing makes it a challenging fit for family rentals, as it is deemed overpriced at 18.2%. With a fair value of €300,375 compared to the listing price of €355,000, potential returns may not align with family tenants' expectations. Buy-and-hold The property’s gap of 18.2% above fair value suggests that long-term appreciation may not compensate for the initial price, posing a risk for buy-and-hold strategies. The current market conditions and low yield rate of 3.6% further indicate that holding onto this asset could lead to suboptimal investment growth over time.
Economic volatility risk: With an economic stability score of 75/100, there is a moderate risk of fluctuations in market conditions that could impact the property's income potential. Tenant turnover risk: Given a tenant stability score of 73/100, there is a notable risk of higher than average tenant turnover, which may lead to increased vacancy rates and costs associated with re-leasing.
Year 1, before income tax (IRS or IRC). Includes IMT, stamp duty, IMI and AIMI for a resident individual. Estimate: check with your accountant.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
