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 70 m² on the 4th floor, built in 1988, energy rating C. Located on avenida António José Gomes S / N, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts spacious balconies that provide ample outdoor space for leisure activities, complemented by superior quality finishes that elevate its overall appeal.
The valuation. The asking price of €355,000 is significantly higher than the fair value of €304,169, resulting in an excess of €50,831 (16.7%). This property is considered overpriced based on current market conditions. Buy-to-flip angle. The buy-to-flip strategy could leverage minor renovations to enhance appeal, aiming for a resale price that exceeds the total investment significantly over a short period. Buy-to-let angle. Implementing a buy-to-let strategy could yield a gross monthly rental income of approximately €828, translating to a gross yield of 2.8%, suitable for steady cash flow in a mixed-use area.
Fair value modelled at €304,169 from 6 comparable sales in the area. Asking €355,000 sits €50,831 (16.7%) above — overpriced versus fair value.
Asking €355,000 versus the avenida António José Gomes S / N area baseline of €297,084 (€4,244/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €297,084, adjusted for condition and micro-location, gives a modelled fair value of €304,169 (€4,345/m²), a €50,831 (16.7%) gap versus the €355,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida António José Gomes S / N | Subject | €355,000 | €5,071 | — | 70 | 78 |
| avenida António José Gomes, 60 | Active | €345,000 | €4,313 | 15.0% | 70 | 80 |
| Laranjeiro e Feijó · 5b888e | Active | €329,000 | €4,273 | 15.7% | 70 | 77 |
| praça José Afonso | Active | €299,000 | €4,600 | 9.3% | — | 76 |
| Laranjeiro e Feijó · 8002d6 | Active | €235,000 | €5,595 | 10.3% | 70 | 74 |
| Median comp | €314,000 | €4,457 | 12.1% | 70 | 77 |
Long-term rental The property presents an unappealing investment for long-term rental as its listing price of €355,000 exceeds the fair value of €304,169 by 16.7%, indicating it is overpriced. At a gross yield of only 2.8%, the financial returns may not satisfy investor expectations in the healthy Almada rental market. Buy-and-hold Investing in this apartment for a buy-and-hold strategy appears questionable given its current market pricing at €355,000, which is 16.7% higher than the assessed fair value. The low gross yield of 2.8% further emphasizes that the potential for appreciation may not justify the initial acquisition costs. Family rental This property is not well-suited for family rental due to its excessive price point of €355,000 relative to the fair value of €304,169, marking it overpriced by 16.7%. Although the neighbourhood scores 78/100, the yield of 2.8% indicates that the investment may struggle to attract families looking for affordable rental options.
Tenant turnover risk High tenant turnover could occur due to the tenant stability score of 75/100, potentially impacting rental income stability and increasing vacancy 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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