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 85 m² on the 3rd floor, built in 2009, energy rating B. Located on rua Major Afonso Palla, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: This apartment offers a striking view of the Tagus River from its 8 m² balcony, enhancing the allure of the bright living space with modern aesthetics.
The valuation. The asking price of €485,000 is slightly below the fair value of €499,598, representing a difference of €14,598 (2.9%). Thus, this property can be considered priced at fair value.
Fair value modelled at €499,598 from 6 comparable sales in the area. Asking €485,000 sits €14,598 (2.9%) below — the upside to fair value.
Asking €485,000 versus the rua Major Afonso Palla area baseline of €411,579 (€4,842/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €411,579, adjusted for condition and micro-location, gives a modelled fair value of €499,598 (€5,878/m²), a €14,598 (2.9%) gap versus the €485,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Major Afonso Palla | Subject | €485,000 | €5,706 | — | 85 | 72 |
| rua Major Afonso Palla, 27 | Active | €475,000 | €4,750 | 16.8% | 76 | 81 |
| rua Doutor Mário Charrua | Active | €649,000 | €6,181 | 8.3% | 75 | 80 |
| rua Dom João de Castro, 33 | Active | €380,000 | €5,846 | 2.5% | 85 | 73 |
| estrada da Cruz S / N | Active | €717,000 | €7,628 | 33.7% | 75 | 80 |
| Median comp | €562,000 | €6,014 | 5.4% | 76 | 80 |
Long-term rental This 1-bed apartment in Algés has a gross yield of 2.4%, which aligns with the property's fair market value. Given its suburban setting within Greater Lisbon, it offers stable long-term rental potential amidst strong economic activity and amenities in the area. Family rental With a fair value close to the listing price and acceptable ratings for condition and neighborhood, this apartment can effectively cater to family tenants seeking residential stability. However, the relatively low yield indicates it may not generate significant cash flow, but it should maintain steady occupancy levels. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield modest returns over time, as its pricing is at fair value, suggesting no immediate capital appreciation potential. The combination of a stable local economy and acceptable amenities supports the idea that the property can appreciate moderately in the long term while providing a consistent rental income stream.
Economic Vulnerability The economic stability score of 80 suggests a strong potential for economic downturns that could affect tenant income, while the tenant stability score of 70 indicates a significant risk of tenant turnover, impacting cash flow and occupancy rates.
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