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 94 m² on the 5th floor, built in 1970, energy rating C. Located on rua Alves Redol, 62, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts unobstructed views of the Parque da Paz and Cristo Rei, alongside immediate access to the Parque da Paz Metro station for convenient commuting.
The valuation. The asking price of €310,000 sits €40,989 (15.2%) above fair value of €269,011, signaling that the property is overpriced. This discrepancy suggests caution for potential investors evaluating this investment opportunity.
Fair value modelled at €269,011 from 6 comparable sales in the area. Asking €310,000 sits €40,989 (15.2%) above — overpriced versus fair value.
Asking €310,000 versus the rua Alves Redol, 62 area baseline of €248,506 (€2,644/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €248,506, adjusted for condition and micro-location, gives a modelled fair value of €269,011 (€2,862/m²), a €40,989 (15.2%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alves Redol, 62 | Subject | €310,000 | €3,298 | — | 67 | 78 |
| Caparica e Trafaria · 87506f | Active | €275,000 | €3,022 | 8.4% | 68 | 76 |
| Laranjeiro e Feijó · 375096 | Active | €249,500 | €3,240 | 1.7% | 72 | 73 |
| Corroios · 439039 | Active | €370,000 | €2,741 | 16.9% | 68 | 73 |
| estrada Algazarra | Active | €368,000 | €2,573 | 22.0% | 68 | 85 |
| Median comp | €321,500 | €2,882 | 12.6% | 68 | 75 |
Long-term rental The property is currently overpriced by 15.2%, making it a less attractive option for long-term rental investment in a competitive market. Given its gross yield of 4% and fair value of €269,011, potential returns may not justify the premium asking price. Family rental While the neighborhood boasts a decent quality rating of 78/100, the property's markup to €310,000 suggests it is not a financially sound choice for family rentals. The potential rental income does not align with the high purchase price, limiting appeal to families looking for affordable housing. Buy-and-hold Investing in this property as a buy-and-hold strategy is unfavorable, especially considering its significant 15.2% gap from fair value. Long-term appreciation potential is compromised by the high entry cost, making it less attractive in the Greater Lisbon area market. Not ideal for short-term vacation rental due to its current pricing relative to market expectations and yield metrics.
Economic-tenant mismatch The property has a strong economic stability score of 80/100 but a lower tenant stability score of 70/100, indicating potential volatility in rental income due to tenant turnover risks.
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