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 105 m² on the 1st floor, built in 1935, energy rating E. Located on rua Carvalho Araújo, Penha de França parish, Lisbon municipality, Lisbon district. Noteworthy Features: The property offers a unique 87m² private terrace with potential for a pool, enhancing outdoor living options in a central Lisbon location. Condition Notes: While the kitchen and living spaces have good layouts, several areas require minor repairs but show considerable potential. Proximity: Situated between Arroios and Alameda metro stations, providing excellent access to public transportation and local amenities.**
The valuation. The asking price of €412,000 sits significantly below the fair value of €525,000, by €113,000 (21.5%). This indicates the property is underpriced, presenting a compelling opportunity for investors.
Fair value modelled at €525,000 from 6 comparable sales in the area. Asking €412,000 sits €113,000 (21.5%) below — the upside to fair value.
Asking €412,000 versus the rua Carvalho Araújo area baseline of €471,723 (€4,493/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €471,723, adjusted for condition and micro-location, gives a modelled fair value of €525,000 (€5,000/m²), a €113,000 (21.5%) gap versus the €412,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carvalho Araújo | Subject | €412,000 | €3,924 | — | 70 | 81 |
| Campolide · 57f574 | Active | €320,000 | €5,333 | 35.9% | — | 80 |
| rua do Norte | Active | €340,000 | €5,000 | 27.4% | 70 | 85 |
| Misericórdia · 4392f8 | Active | €255,700 | €5,559 | 41.7% | — | 81 |
| rua Capitão-Mor Lopes Sequeira, 55A | Active | €300,000 | €4,839 | 23.3% | 68 | 75 |
| Median comp | €310,000 | €5,167 | 31.7% | 69 | 81 |
Long-term rental This 2-bed apartment in Penha de França, currently listed at €412,000 with a fair value of €525,000, is positioned for strong long-term rental potential with a gross yield of 4.2%. Given the region's strong demand and economic activity, securing reliable tenants is highly feasible. Buy-and-hold Acquiring this property for a buy-and-hold strategy aligns with the fair value assessment indicating it is currently priced at 21.5% below its true worth. As the Lisbon market continues to evolve positively, the long-term appreciation potential and stability of this asset make it a strategic investment. Luxury market Although this apartment sits below its fair value, it may not fully align with luxury market criteria due to its condition rating of 62/100. However, given the desirable location in a respected neighborhood, it holds potential appeal in the luxury segment that could attract discerning buyers seeking value opportunities.
Tenant turnover risk The tenant stability score of 75 indicates a moderate likelihood of tenant turnover, which could lead to increased vacancy costs and impact cash flow stability.
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