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 115 m² on the 1st floor, built in 1988, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes two generous balconies totaling 12 m², enhancing outdoor living space in a quiet residential area, along with a spacious suite featuring a 15 m² wardrobe. Condition Notes: Good overall condition with quality finishes; modern kitchen and bathrooms reflect recent renovations.
The valuation. The asking price of €450,000 sits just 2.6% above the fair value of €438,645, suggesting a market correction is unlikely given current demand trends. Overall, this property is assessed as fairly priced. Buy-to-flip angle. Given its high-quality finishes and favorable location, a resale strategy could yield substantial profits. Targeting families and professionals moving to Almada can capitalize on the area's growing desirability. Buy-to-let angle. With a projected gross yield of 2.9% from an estimated rental income of €1,088 per month, the long-term rental strategy appears promising. This is particularly appealing in a suburb close to Lisbon where demand is expected to grow.
Fair value modelled at €438,645 from 6 comparable sales in the area. Asking €450,000 sits €11,355 (2.6%) above — overpriced versus fair value.
Asking €450,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €356,865 (€3,103/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €356,865, adjusted for condition and micro-location, gives a modelled fair value of €438,645 (€3,814/m²), a €11,355 (2.6%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · c17982 | Subject | €450,000 | €3,913 | — | 74 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4a7cb8 | Active | €365,000 | €3,802 | 2.8% | 72 | 80 |
| parque da Paz, 396E | Active | €375,000 | €3,827 | 2.2% | 76 | 77 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 57fad4 | Active | €385,000 | €3,850 | 1.6% | 75 | 78 |
| rua de Almada Negreiros | Active | €363,000 | €3,490 | 10.8% | 70 | 80 |
| Median comp | €370,000 | €3,815 | 2.5% | 74 | 79 |
Long-term rental This 3-bed apartment in Almada presents a gross yield of 2.9%, reflecting moderate rental income potential given its fair valuation status. The proximity to Lisbon enhances demand, potentially attracting stable long-term tenants seeking suburban living near urban amenities. Family rental Given the spacious layout and overall decent condition rating of 77/100, this property is well-positioned to appeal to families looking for a comfortable living environment. The area's lower crime profile and educational resources further reinforce its attractiveness for family-oriented renters. Buy-and-hold With a fair value assessment at €438,645, this property’s moderate appreciation potential aligns with a buy-and-hold strategy, particularly due to Almada’s favorable location. Investors could benefit from long-term capital growth as housing demand continues to rise, provided the conditions remain stable. Not ideal for This property is not suited for short-term vacation rentals or student housing, as its yield and amenities do not align with the specific demands of those markets.
Economic Vulnerability A moderate economic stability score of 70/100 indicates potential fluctuations in local market conditions, which could affect rental income and property value.
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