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.
4-bedroom, 2-bathroom apartment of 126 m² on the 11th floor, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment includes a unique maid's room with a private bathroom, offering potential as a self-contained suite, enhancing the versatility of the living space.
The valuation. The asking price of €400,000 sits €32,600 (8.9%) above the assessed fair value of €367,400. This property is priced at a fair value.
Fair value modelled at €367,400 from 6 comparable sales in the area. Asking €400,000 sits €32,600 (8.9%) above — overpriced versus fair value.
Asking €400,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €307,820 (€2,443/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €307,820, adjusted for condition and micro-location, gives a modelled fair value of €367,400 (€2,916/m²), a €32,600 (8.9%) gap versus the €400,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 096ec4 | Subject | €400,000 | €3,175 | — | 65 | 75 |
| praceta Galileu Saúde Correia | Active | €485,000 | €3,415 | 7.6% | 70 | 80 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a46 | Active | €395,000 | €2,026 | 36.2% | 75 | 80 |
| praça da Portela | Active | €429,000 | €2,648 | 16.6% | 70 | 75 |
| Laranjeiro e Feijó · b45306 | Active | €245,000 | €2,849 | 10.3% | 65 | 74 |
| Median comp | €412,000 | €2,749 | 13.4% | 70 | 78 |
Long-term rental With a gross yield of 4.4%, this 4-bed apartment in Almada offers reasonable returns for long-term rental investors in a suburb that provides easy access to Lisbon's employment and amenities. However, given its fair valuation at €400,000, buyers should be mindful that the property does not present an opportunity for undervaluation despite the solid rental income potential. Family rental The family rental strategy is viable due to the apartment's size and location in a well-developed suburban area with a neighbourhood score of 75/100, indicating a conducive environment for families. Nevertheless, as the property is considered fairly priced at €400,000, potential investors should ensure that rental income justifies this valuation in their financial assessments. Buy-and-hold Holding this property long-term could yield stability, given its decent condition rating of 66/100 and proximity to Lisbon, appealing to families and long-term tenants. Nonetheless, with a fair market value at €400,000, expectations should be managed regarding significant appreciation in the short term. Not ideal for short-term vacation rental Due to the suburban location and competitive market for short-term rentals in Lisbon, this property may struggle to attract short-term vacation tenants. Investors should be cautious, as its valuation suggests limited potential for maximizing returns through this strategy. Not ideal for Student housing While Almada has access to Lisbon's educational institutions, the property may not meet the specific needs or preferences of students, particularly as it is priced at €400,000, aligning with general family demographics rather than a student market. This strategy is not recommended given the fair valuation and the rental demand dynamics in the area.
Economic Volatility Risk The economic stability score of 70/100 suggests potential fluctuations in the local market, which could impact tenant demand and rental income.
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