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 92 m² on the 2nd floor, energy rating D. Located on rua das Escolas Gerais, 34, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Features: This historic apartment boasts high-quality wide-plank hardwood floors and traditional Portuguese azulejo wainscoting, enhancing its unique character in the vibrant Alfama neighborhood.
The valuation. The asking price of €397,750 is €62,798 (13.6%) below the fair value of €460,548. This position indicates the property is underpriced in the current market landscape.
Fair value modelled at €460,548 from 6 comparable sales in the area. Asking €397,750 sits €62,798 (13.6%) below — the upside to fair value.
Asking €397,750 versus the rua das Escolas Gerais, 34 area baseline of €438,083 (€4,762/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 €438,083, adjusted for condition and micro-location, gives a modelled fair value of €460,548 (€5,006/m²), a €62,798 (13.6%) gap versus the €397,750 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Escolas Gerais, 34 | Subject | €397,750 | €4,323 | — | 63 | 81 |
| rua de São Miguel | Active | €300,000 | €4,286 | 0.9% | 60 | 84 |
| Arroios · f5ebe5 | Active | €345,000 | €4,929 | 14.0% | 72 | 80 |
| São Vicente · 5e639f | Active | €349,900 | €7,445 | 72.2% | — | 83 |
| largo Corpo Santo | Active | €850,000 | €9,444 | 118.5% | 66 | 87 |
| Median comp | €347,450 | €6,187 | 43.1% | 66 | 84 |
Long-term rental This 2-bed apartment presents an excellent opportunity for long-term rental given its gross yield of 5% and its location in the desirable Santa Maria Maior neighborhood with a solid 81/100 rating. The property is currently listed at €397,750, which is 13.6% below the fair value of €460,548, making this investment particularly attractive for stable cash flow generation. Short-term vacation rental The apartment's proximity to central Lisbon enhances its appeal as a short-term vacation rental, potentially maximizing occupancy and rental income due to the strong demand in the area. With an attractive listing price of €397,750 undercutting the fair market value by 13.6%, there is significant potential for profitability in this segment. Buy-and-hold Investing in this property as a buy-and-hold presents an appreciable long-term asset due to its location and the growing housing market in Lisbon, evidenced by high neighborhood ratings. The current price of €397,750, compared to a fair value of €460,548, supports the thesis that this investment will yield substantial equity appreciation over time.
Tenant turnover risk With a tenant stability score of 70/100, there is a moderate risk of higher tenant turnover, which could lead to increased vacancy rates and associated costs over time.
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