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.
1-bedroom, 1-bathroom apartment of 38 m² on the 1st floor, energy rating E. Located on rua da Galé, 18, Santa Maria Maior parish, Lisbon municipality, Lisbon district. This apartment features authentic high-quality wood-paneled ceilings, enhancing its charm while maintaining a cozy atmosphere in the vibrant Alfama district.
The valuation. The asking price of €485,000 significantly exceeds the fair value of €236,186 by €248,814 (105.3%), resulting in an overpriced property that is not a viable investment option. Buy-to-flip angle. Given the current market dynamics, a buy-to-flip strategy seems impractical as the property is priced well above its fair value, limiting potential profit margins. Buy-to-let angle. With an estimated rental income of €970/month, the gross yield stands at 2.4%, which is relatively low for long-term investment strategies in this central Lisbon location.
Fair value modelled at €236,186 from 6 comparable sales in the area. Asking €485,000 sits €248,814 (105.3%) above — overpriced versus fair value.
Asking €485,000 versus the rua da Galé, 18 area baseline of €232,339 (€6,114/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €232,339, adjusted for condition and micro-location, gives a modelled fair value of €236,186 (€6,215/m²), a €248,814 (105.3%) gap versus the €485,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Galé, 18 | Subject | €485,000 | €12,763 | — | 52 | 90 |
| rua Estácio da Veiga, 11 | Active | €247,000 | €5,146 | 59.7% | 58 | 90 |
| beco da Verónica | Active | €272,000 | €6,326 | 50.4% | 65 | 79 |
| rua da Bela Vista À Graça | Active | €265,000 | €5,761 | 54.9% | 66 | 84 |
| São Vicente · dc1489 | Active | €254,900 | €6,373 | 50.1% | — | 81 |
| Median comp | €259,950 | €6,044 | 52.6% | 65 | 83 |
Long-term rental The property is overpriced at €485,000 compared to a fair value of €236,186, resulting in a significant gap of 105.3%. With a gross yield of only 2.4%, the long-term rental strategy does not provide sufficient return on investment. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable, given its valuation is currently 105.3% above fair value at €485,000. The limited gross yield of 2.4% further indicates the potential for low appreciation in the foreseeable future. Luxury market Positioned in a desirable area of Lisbon, the apartment's price of €485,000 reflects an excessive valuation that exceeds fair market expectations by 105.3%. While the neighbourhood boasts a high rating of 90/100, the luxury market is unlikely to sustain interest in an overpriced property with a modest yield of 2.4%.
Potential economic downturn Economic stability is rated at 95/100, which indicates a low risk, but any unexpected fluctuations could still impact tenant stability, currently at 90/100, threatening consistent rental income.
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