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 74 m² on the 2nd floor, built in 1981, energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts traditional Portuguese azulejo tiles and herringbone wood flooring, enhancing its original character while requiring modern updates in the kitchen and bathroom for contemporary appeal.
The valuation. The asking price of €285,000 sits €21,441 or 8.1% above the calculated fair value of €263,559, indicating a fair valuation for the property. Buy-to-flip angle. A buy-to-flip strategy could capitalize on necessary cosmetic updates to the apartment, potentially increasing resale value significantly in a strong local market. Buy-to-let angle. With an estimated gross yield of 4% from rental income of approximately €950/month, the property offers a stable long-term rental investment in a desirable location.
Fair value modelled at €263,559 from 6 comparable sales in the area. Asking €285,000 sits €21,441 (8.1%) above — overpriced versus fair value.
Asking €285,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €230,866 (€3,120/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 €230,866, adjusted for condition and micro-location, gives a modelled fair value of €263,559 (€3,562/m²), a €21,441 (8.1%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 76b44b | Subject | €285,000 | €3,851 | — | 58 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 14429c | Active | €290,000 | €4,028 | 4.6% | — | 70 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 65a5d6 | Active | €309,000 | €3,090 | 19.8% | 64 | 78 |
| Laranjeiro e Feijó · 80002a | Active | €265,000 | €3,487 | 9.5% | 72 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 90daaa | Active | €215,000 | €2,905 | 24.6% | — | 79 |
| Median comp | €277,500 | €3,289 | 14.6% | 68 | 77 |
Long-term rental This property offers a gross yield of 4%, aligning well with the fair market value assessment. Given its condition rating of 62/100 and the neighbourhood rating of 73/100, it is suitable for stable long-term rental opportunities, despite being fairly priced. Family rental With a listing price of €285,000, this property reflects a fair valuation in a family-friendly neighbourhood of Almada. Its proximity to Lisbon's economic and educational infrastructure makes it a viable option for family rentals, although it is not priced below market value. Buy-and-hold Considering the fair valuation at €285,000, this property is a reasonable buy-and-hold investment given its location in the Lisbon metropolitan area. The property’s condition and neighbourhood ratings suggest potential for appreciation, but it is priced meaningfully in line with market assessments. Not ideal for short-term vacation rental This 2-bed apartment does not align with the optimal traits for a short-term vacation rental due to its fair pricing and more residential appeal. While it benefits from the proximity to Lisbon, it lacks the distinctive allure typically desired for short-term stays. Not ideal for luxury market The property is priced at €285,000, which situates it outside the luxury market segment, rendering it less appealing for high-end buyers. Its ratings indicate a more average condition and neighbourhood quality, further solidifying its fit within the mid-range market.
Tenant turnover risk The tenant stability score of 60/100 suggests a higher risk of turnover, potentially leading to increased vacancy costs and disruption in rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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