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 115 m² on the 3rd floor, energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The property boasts a sunroom with a river view, enhancing the living space's connectivity to the scenic surroundings and natural light. Furnished Status: This apartment is sold fully furnished, adding immediate value for potential buyers.
The valuation. The asking price of €360,000 is slightly below the fair value of €372,143, indicating a difference of €12,143 (3.3%). This property is priced fairly in the current market. Buy-to-flip angle. The potential resale strategy capitalizes on the existing character and average quality finishes, allowing for strategic upgrades that could attract buyers seeking renovation in a suburban setting. The aim is to list for a price that exceeds €372,143. Buy-to-let angle. With an estimated gross yield of 3.9%, the projected rental income of approximately €1,170 per month positions this property as an attractive choice for long-term rental, particularly for families in the stable Greater Lisbon area.
Fair value modelled at €372,143 from 6 comparable sales in the area. Asking €360,000 sits €12,143 (3.3%) below — the upside to fair value.
Asking €360,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €297,378 (€2,586/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €297,378, adjusted for condition and micro-location, gives a modelled fair value of €372,143 (€3,236/m²), a €12,143 (3.3%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 51b63a | Subject | €360,000 | €3,130 | — | 70 | 72 |
| rua Luís de Camões | Active | €290,000 | €2,990 | 4.5% | 70 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 3a747c | Active | €312,000 | €3,250 | 3.8% | 66 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · efdc30 | Active | €410,000 | €3,015 | 3.7% | 72 | 74 |
| rua Augusto Gil | Active | €350,000 | €3,241 | 3.5% | 74 | 81 |
| Median comp | €331,000 | €3,128 | 0.1% | 71 | 77 |
Long-term rental The property in Almada presents a fair investment opportunity with a gross yield of 3.9%, aligning with the stable suburban market dynamics of Greater Lisbon. With a fair value of €372,143, the pricing may not offer immediate upside, but it offers steady income potential in a desirable neighborhood. Family rental Given the stable condition rating of 70/100 and the neighborhood's 72/100 score, this apartment is well-suited for family rentals targeting long-term tenants. Although priced fairly, it does cater well to families looking for comfortable urban living with access to amenities. Buy-and-hold This property’s fair valuation at €360,000 despite a fair market context suggests a strategic buy-and-hold approach could yield stable returns over time. The appealing location in Greater Lisbon makes it an attractive option for long-term appreciation, despite its current pricing reflecting market consistency rather than a discount opportunity.
[Tenant Default Risk] With a tenant stability score of only 60/100, there's a higher chance of tenant defaults or turnover, which could disrupt cash flow and lead to increased vacancy costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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