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, 1-bathroom apartment of 92 m² on the 2nd floor, energy rating C. Located on praceta Norton de Matos, 3, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a versatile enclosed terrace, enhancing living space and providing outdoor enjoyment regardless of weather conditions. Condition Note: Fair maintenance with several areas needing decor updates.
The valuation. The asking price of €299,000 is positioned above the fair value of €275,987, representing a difference of €23,013 (8.3%). This property is thus assessed as fair in value relative to its asking price.
Fair value modelled at €275,987 from 6 comparable sales in the area. Asking €299,000 sits €23,013 (8.3%) above — overpriced versus fair value.
Asking €299,000 versus the praceta Norton de Matos, 3 area baseline of €291,960 (€3,173/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 €291,960, adjusted for condition and micro-location, gives a modelled fair value of €275,987 (€3,000/m²), a €23,013 (8.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Norton de Matos, 3 | Subject | €299,000 | €3,250 | — | 60 | 76 |
| travessa dos Eucaliptos, 5C | Active | €285,000 | €2,375 | 26.9% | 68 | 74 |
| rua João de Barros | Active | €310,000 | €3,010 | 7.4% | 66 | 80 |
| rua Adriano Correia de Oliveira S / N | Active | €299,000 | €2,990 | 8.0% | 65 | 73 |
| Laranjeiro e Feijó · 3a6f79 | Active | €290,000 | €3,412 | 5.0% | 65 | 71 |
| Median comp | €294,500 | €3,000 | 7.7% | 66 | 74 |
Long-term rental The property at €299,000 presents a fair investment opportunity with a gross yield of 3.9%, making it a reasonable choice for steady cash flow. The condition rating of 62/100 suggests some potential for minor upgrades, which could enhance tenant appeal in this suburban area. Family rental With the neighbourhood rated 76/100, this apartment is well-suited for family rentals, offering adequate amenities and a balanced tenant demographic. The fair valuation indicates that while the price points toward achievable returns, it's essential for investors to anticipate the condition-related enhancements to maximize rental income. Buy-and-hold As a buy-and-hold investment, the property is positioned reasonably in an evolving suburban market near Lisbon, where demand can be expected to sustain over time. Although the yield is fair, investors should be mindful of ongoing property management costs due to the apartment's moderate condition rating. Not ideal for: Student housing, Short-term vacation rental, Luxury market The location and property characteristics make it unsuitable for student housing and short-term vacation rentals, which require higher turnover and additional amenities. Additionally, the pricing is not aligned with luxury market expectations, limiting its appeal in that segment.
Economic Downturn Risk With an economic stability score of 80/100, the property may still be vulnerable to market fluctuations, potentially impacting tenant retention, especially given the lower tenant stability score of 70/100.
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