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 89 m² on the 1st floor, built in 1950, energy rating C. Located on rua Mirante, São Vicente parish, Lisbon municipality, Lisbon district. Highlight: This apartment features a rare private terrace, providing a unique outdoor space amidst the historic charm of São Vicente, perfect for relaxation or social gatherings.
The valuation. The asking price of €399,500 sits well below fair value of €588,160, creating a compelling opportunity at €188,660 (32.1%) underpriced. This favorable position attracts savvy investors looking for significant equity gain.
Fair value modelled at €588,160 from 6 comparable sales in the area. Asking €399,500 sits €188,660 (32.1%) below — the upside to fair value.
Asking €399,500 versus the rua Mirante area baseline of €557,332 (€6,262/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €557,332, adjusted for condition and micro-location, gives a modelled fair value of €588,160 (€6,609/m²), a €188,660 (32.1%) gap versus the €399,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mirante | Subject | €399,500 | €4,489 | — | 80 | 82 |
| rua Actor Taborda, 39 | Active | €660,000 | €4,400 | 2.0% | 75 | 82 |
| São Vicente · 828e8c | Active | €499,900 | €7,691 | 71.3% | 80 | 81 |
| rua Angelina Vidal, 24A | Active | €499,900 | €7,691 | 71.3% | 80 | 85 |
| rua Angelina Vidal | Active | €499,900 | €7,691 | 71.3% | 78 | 82 |
| Median comp | €499,900 | €7,691 | 71.3% | 79 | 82 |
Long-term rental This property offers a compelling opportunity for long-term rental investment, with a gross yield of 4.3%. Given the fair value of €588,160, the property is subvalorizada, making it an attractive option for generating steady cash flow in a high-demand area like central Lisbon. Short-term vacation rental The vibrant neighborhood of São Vicente, coupled with its proximity to cultural landmarks, positions this apartment favorably for short-term vacation rentals. With a significant gap of 32.1% below fair value, investors can capitalize on Lisbon's robust tourism sector while enjoying competitive rental rates. Buy-and-hold Investors looking for a buy-and-hold strategy will find this property appealing due to its strong neighborhood ratings of 82/100 and the substantial difference to its fair value. The combination of location desirability and a current price below fair value presents an opportunity to benefit from long-term appreciation in a dynamic market. Not ideal for student housing Considering the property’s metrics and neighborhood characteristics, it does not fit the demands of the student housing market. The location's appeal to a broader demographic limits its adaptability for this specific rental strategy. Not ideal for Value-add renovation This property currently holds a strong condition score of 82/100, indicating limited scope for value-add renovation opportunities. Therefore, pursuing this strategy may not yield the desired returns given its established market position. Not ideal for Luxury market The apartment's profile does not align with luxury market expectations, which typically seek high-end finishes and features unlikely to be found in this listing. As such, targeting this property for luxury clientele may prove ineffective and misaligned with market demand.
Tenant turnover risk: With a tenant stability score of 74/100, there's a moderate risk of tenant turnover, which could lead to potential vacancy periods and associated loss of rental income.
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