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 61 m² on the 1st floor, built in 1948, energy rating C. Located on rua das Escolas Gerais, 32, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment boasts a rare 40 m² private patio, providing a unique outdoor retreat within the vibrant heart of historic Alfama, perfect for relaxation and leisure activities.
The valuation. The asking price of €290,000 is significantly below the fair value of €374,845, representing a discount of €84,845 (22.6%). This property is clearly underpriced, presenting an attractive entry point for investment. Buy-to-flip angle. With strategic renovations, this 2-bed apartment could be flipped for a profit by appealing to the growing demand in Lisbon's real estate market. The goal would be to maximize resale value within a quick turnaround. Buy-to-let angle. The promising gross yield of 5.2% suggests strong potential for stable rental income of approximately €1,257 per month. This makes the property an ideal long-term rental investment given its proximity to central Lisbon.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Escolas Gerais, 32 | Subject | €290,000 | €4,754 | — | — | 80 |
| calçada dos Barbadinhos | Active | €399,900 | €6,665 | 40.2% | 65 | 90 |
| travessa Rebelo da Silva, 3 | Active | €300,000 | €8,571 | 80.3% | 72 | 84 |
| rua Coronel Luna de Oliveira | Active | €450,000 | €5,625 | 18.3% | 65 | 81 |
| beco do Alegrete | Active | €265,000 | €4,417 | 7.1% | 70 | 83 |
| Median comp | €349,950 | €6,145 | 29.3% | 68 | 84 |
Long-term rental The property in Santa Maria Maior presents an attractive opportunity for long-term rental, with a gross yield of 5.2% indicating positive cash flow potential. Its proximity to central Lisbon ensures consistent demand from tenants, contributing to stable occupancy rates. Buy-and-hold Investing in this apartment aligns well with a buy-and-hold strategy, as the property is currently subvalorizada with a fair value of €374,845 and a 22.6% gap from its listing price. Holding this asset allows for appreciation potential as the neighborhood continues to develop and urban amenities enhance livability. Family rental With a spacious 2-bedroom layout, this apartment is ideal for family rental, capitalizing on the neighborhood's high livability score of 80/100. The favorable market conditions in Santa Maria Maior boost the likelihood of attracting stable, long-term tenants seeking comfortable living arrangements in proximity to key amenities.
Tenant turnover risk A tenant stability score of 75/100 indicates a potential risk of higher turnover, which could lead to increased vacancy rates and costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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