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 35 m² on the 2nd floor, built in 1975, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment has granite countertops that add a touch of elegance, while its marble stairs contribute a sense of upscale charm despite requiring modernization.
The valuation. The asking price of €245,000 exceeds the fair value of €180,057 by €64,943 (36.1%), indicating that the property is overpriced. This significant disparity raises concerns for potential investors regarding their returns. Buy-to-flip angle. The buy-to-flip strategy could involve renovating the apartment to enhance its appeal, but with current valuations, potential profits from resale may be limited. Buyers should carefully evaluate renovation costs versus market opportunities. Buy-to-let angle. The estimated gross rental income of €592 per month results in a yield of 2.9%, which is relatively low for long-term investment. However, the proximity to Lisbon may provide stable rental demand in the future.
Fair value modelled at €180,057 from 6 comparable sales in the area. Asking €245,000 sits €64,943 (36.1%) above — overpriced versus fair value.
Asking €245,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €169,407 (€4,840/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €169,407, adjusted for condition and micro-location, gives a modelled fair value of €180,057 (€5,144/m²), a €64,943 (36.1%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 07fe1b | Subject | €245,000 | €7,000 | — | 65 | 76 |
| Corroios · 6d5536 | Active | €225,000 | €5,921 | 15.4% | 75 | 72 |
| Corroios · 5da1da | Active | €190,000 | €5,135 | 26.6% | 72 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · d74871 | Active | €268,000 | €5,154 | 26.4% | 75 | 80 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 261fdb | Active | €255,000 | €4,636 | 33.8% | 68 | 78 |
| Median comp | €240,000 | €5,145 | 26.5% | 74 | 77 |
Long-term rental The property in Almada is overpriced by 36.1% compared to its fair value of €180,057, which diminishes the appeal for long-term rental investments. With a gross yield of 2.9%, the potential return does not justify the current listing price, making this strategy less attractive. Family rental While the property is located in a low-crime suburban area close to Lisbon and offers accessible schools, the 36.1% gap from fair value indicates that the current asking price is excessive. Families may seek better value options, making this property less desirable for family rental purposes. Buy-and-hold Investing in this 1-bed apartment as a buy-and-hold strategy is challenging due to its overpriced nature, with a significant gap from the fair value of €180,057. The expected gross yield of 2.9% does not align with an advantageous long-term investment, suggesting that holding this property may not yield favorable returns.
Economic sensitivity risk The property may face economic downturns given its strong economic stability score of 85, which, while relatively high, indicates potential volatility in response to shifts in the broader economy, coupled with a tenant stability score of 75 that suggests some susceptibility to tenant turnover during economic stress.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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