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 41 m² on the 2nd floor. Located on rua das Escolas Gerais, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Features: This compact apartment's location in Alfama provides immediate access to local cultural landmarks, offering a unique urban lifestyle that combines historical charm with modern convenience.
The valuation. The asking price of €223,000 is 15.4% below the fair value of €263,697, indicating the property is underpriced. This presents a favorable entry point for investors seeking value in a competitive market.
Fair value modelled at €263,697 from 6 comparable sales in the area. Asking €223,000 sits €40,697 (15.4%) below — the upside to fair value.
Asking €223,000 versus the rua das Escolas Gerais area baseline of €256,112 (€6,247/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €256,112, adjusted for condition and micro-location, gives a modelled fair value of €263,697 (€6,432/m²), a €40,697 (15.4%) gap versus the €223,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Escolas Gerais | Subject | €223,000 | €5,439 | — | 60 | 85 |
| Arroios · 57f635 | Active | €250,000 | €5,556 | 2.1% | 68 | 91 |
| rua Barão de Sabrosa, 76 | Active | €380,000 | €7,600 | 39.7% | 62 | 83 |
| rua de Santa Marinha | Active | €225,000 | €3,462 | 36.4% | 68 | 83 |
| travessa do Terreiro a Santa Catarina, 48 | Active | €247,000 | €8,233 | 51.4% | 70 | 90 |
| Median comp | €248,500 | €6,578 | 20.9% | 68 | 87 |
Long-term rental This 1-bed apartment in Santa Maria Maior presents a compelling opportunity for long-term rental at a gross yield of 5.1%, with a fair value that exceeds the listing price by 15.4%. The neighborhood’s high score of 85/100 indicates strong tenant demand, ensuring steady rental income. Short-term vacation rental With its central location in Lisbon, this property is well-positioned for short-term vacation rentals, targeting an influx of tourists while being listed below fair value. The neighborhood’s appealing amenities and cultural significance enhance its attractiveness, promising solid occupancy rates. Buy-and-hold Investing in this apartment as a buy-and-hold strategy appears advantageous, given its current pricing being 15.4% below fair value. Its condition rating of 65/100 suggests room for appreciation and improved value over time, supported by Lisbon's ongoing economic growth and cultural relevance. Not ideal for: Student housing While the apartment is centrally located and reasonably priced, its attributes and the targeted tenant profile do not align well with the needs of student housing. The neighborhood's amenities may not sufficiently cater to the lifestyle and budget constraints often preferred by students.
Economic downturn risk With an economic stability score of 90/100, while strong, any slight downturn could impact tenant stability, which is relatively lower at 75/100, increasing vacancy risks.
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