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, 2-bathroom apartment of 127 m² on the 2nd floor, energy rating B. Located on rua do Almarjão, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: The apartment includes a modern kitchen with a pantry/laundry area and a main bedroom suite featuring a whirlpool bathtub, enhancing comfort and convenience for residents.
The valuation. The asking price of €590,000 is below the fair value of €661,598, making the property subpriced by €71,598 (10.8%). This presents a strong investment opportunity for any buyer. Buy-to-flip angle. The resale strategy focuses on upgrading and modernizing the high-quality finishes to appeal to buyers looking for luxury amenities. There is potential for a quick turnaround, given the attractive location and condition. Buy-to-let angle. The property can generate an estimated rental income of €1,672 per month, translating to a gross yield of 3.4%. This makes it a promising long-term investment in the competitive rental market.
Fair value modelled at €661,598 from 6 comparable sales in the area. Asking €590,000 sits €71,598 (10.8%) below — the upside to fair value.
Asking €590,000 versus the rua do Almarjão area baseline of €557,884 (€4,393/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €557,884, adjusted for condition and micro-location, gives a modelled fair value of €661,598 (€5,209/m²), a €71,598 (10.8%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Almarjão | Subject | €590,000 | €4,646 | — | 75 | 79 |
| estrada da Cruz, 19 | Active | €875,000 | €6,162 | 32.6% | 82 | 75 |
| rua Marcelino Mesquita, 12 | Active | €789,000 | €4,931 | 6.1% | 80 | 76 |
| avenida Combatentes da Grande Guerra | Active | €625,000 | €5,208 | 12.1% | 78 | 76 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 4bb008 | Active | €495,000 | €5,211 | 12.2% | 75 | 78 |
| Median comp | €707,000 | €5,210 | 12.1% | 79 | 76 |
Long-term rental This 2-bed apartment in Algés presents a compelling long-term rental opportunity, with a fair valuation exceeding the listing price by 10.8%. The property offers a gross yield of 3.4%, which is attractive given the unit’s quality and the neighborhood rating of 79/100. Family rental In a suburban area within the Lisbon metro, this apartment is well-suited for family rentals, providing good transport links to the city center and essential amenities. With a condition score of 79/100 and its subvalorizada status, it appeals to families seeking quality living spaces at a competitive price. Buy-and-hold The buy-and-hold strategy for this property is enhanced by its current subvalorizada status, allowing for potential appreciation as the market evolves. The favorable conditions and location in Algés make it a solid long-term investment.
Economic Downturn Risk The high economic and tenant stability scores of 80/100 may not fully mitigate risks associated with potential future economic downturns that could affect rental income.
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