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.
5-bedroom, 1-bathroom apartment of 166 m², built in 1951, energy rating D. Located on rua Joaquim Casimiro, Estrela parish, Lisbon municipality, Lisbon district. This apartment benefits from high ceilings and period details that evoke the timeless charm of classic Lisbon, ideal for a thoughtful renovation to enhance its historic character.
The valuation. The asking price of €639,000 is positioned at €47,700 (6.9%) below the fair value of €686,700, indicating the property is fairly priced relative to market standards. Buy-to-flip angle. A buy-to-flip strategy may involve minor renovations to improve the aesthetic appeal and condition of the apartment, allowing for a potential increase in resale value. Buy-to-let angle. With an estimated monthly income of €2,716, the property offers a gross yield of 5.1%, making it a viable option for long-term rental investments in a high-demand area like Lisbon.
Fair value modelled at €686,700 from 6 comparable sales in the area. Asking €639,000 sits €47,700 (6.9%) below — the upside to fair value.
Asking €639,000 versus the rua Joaquim Casimiro area baseline of €939,609 (€5,660/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 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 €939,609, adjusted for condition and micro-location, gives a modelled fair value of €686,700 (€4,137/m²), a €47,700 (6.9%) gap versus the €639,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Casimiro | Subject | €639,000 | €3,849 | — | 30 | 78 |
| estrada Alvito, 51 | Active | €350,000 | €4,118 | 7.0% | 30 | 86 |
| rua Luciano Cordeiro | Active | €750,000 | €4,688 | 21.8% | 36 | 82 |
| Almada, Cova da Piedade, Pragal e Cacilhas · f14db4 | Active | €360,000 | €3,273 | 15.0% | 42 | 75 |
| travessa da Água da Flor | Active | €425,000 | €4,427 | 15.0% | 42 | 80 |
| Median comp | €392,500 | €4,273 | 11.0% | 39 | 81 |
Long-term rental The property in Estrela offers a gross yield of 5.1%, making it a viable option for long-term rental in a city with robust housing demand. However, with a fair value that slightly exceeds the listing price, the potential for significant appreciation in this category is limited. Buy-and-hold Acquiring this apartment for a buy-and-hold strategy aligns with the moderate fair value compared to the purchase price, suggesting stable long-term investment potential. While the 35/100 condition rating indicates it may need improvements, the strong local economy in Lisbon supports a reliable hold. Family rental Targeting families in the Estrela neighborhood is feasible given its decent amenities and suitable environment, but the fair valuation suggests cautious consideration of returns. The gross yield of 5.1% rounds out a solid choice, yet prospective investors should remain aware of competition in this segment concerning property condition and pricing.
Tenant turnover risk High tenant turnover could be a concern given the Tenant stability score of 70/100, potentially leading to increased vacancy periods and costs related to leasing.
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