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 70 m², energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts a high-quality renovation with a modern kitchen featuring marble-effect backsplashes and a spacious living area with ample natural light. Condition Notes: While the kitchen and bathroom are upgraded, the living area utilizes standard builder-grade laminate, offering a blank canvas for personalization.
The valuation. The asking price of €329,000 is slightly below the fair value of €332,791, sitting at a mere 1.1% lower. This places the property within a fair market range, providing a balanced starting point for potential negotiations.
Fair value modelled at €332,791 from 6 comparable sales in the area. Asking €329,000 sits €3,791 (1.1%) below — the upside to fair value.
Asking €329,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €286,950 (€4,099/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 is above the parish average, lifting 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 €286,950, adjusted for condition and micro-location, gives a modelled fair value of €332,791 (€4,754/m²), a €3,791 (1.1%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 76b2e3 | Subject | €329,000 | €4,700 | — | 92 | 75 |
| rua Viriato | Active | €330,000 | €5,410 | 15.1% | 75 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 8315a4 | Active | €330,000 | €5,410 | 15.1% | 72 | 73 |
| rua União Piedense | Active | €275,000 | €4,583 | 2.5% | 75 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 57f9f6 | Active | €345,000 | €4,662 | 0.8% | 82 | 78 |
| Median comp | €330,000 | €5,036 | 7.1% | 75 | 75 |
Long-term rental The property offers a gross yield of 2.8%, indicating a steady income potential over time. Given the fair valuation and solid neighborhood assessment at 75/100, it aligns well with a long-term rental strategy. Family rental This apartment's location in Almada provides access to good amenities and employment in Greater Lisbon, appealing to families looking for stability. The fair valuation suggests that it is appropriately priced for this demographic, even though tenant quality is average. Buy-and-hold As a buy-and-hold investment, this property is reasonably priced with a fair value gap of just 1.1%, indicating minimal market mispricing. The well-rated condition of 84/100 enhances its potential for long-term appreciation in value amidst a stable housing market in the area.
Economic Dependence Risk The economic stability score of 75 indicates potential vulnerability to downturns, while the tenant stability score of 70 suggests a moderate chance of tenant turnover, which could affect cash flow.
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