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 66 m², energy rating E. Located Arroios parish, Lisbon municipality, Lisbon district. Noteworthy features: The property includes a prominent basement area with potential for creative redevelopment, despite its current state of disrepair, offering additional functional space not common in similar listings.
The valuation. The asking price of €248,000 is significantly below the fair value of €386,965, representing a discount of €138,965 (35.9%). This positioning indicates the property as underpriced, presenting an appealing opportunity for investors.
Fair value modelled at €386,965 from 6 comparable sales in the area. Asking €248,000 sits €138,965 (35.9%) below — the upside to fair value.
Asking €248,000 versus the Arroios, Lisbon, Lisbon area baseline of €386,050 (€5,849/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €386,050, adjusted for condition and micro-location, gives a modelled fair value of €386,965 (€5,863/m²), a €138,965 (35.9%) gap versus the €248,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Arroios · 51cbd1 | Subject | €248,000 | €3,758 | — | 45 | 86 |
| São Vicente · 65a607 | Active | €310,000 | €3,605 | 4.1% | 40 | 83 |
| escadinhas de São Crispim | Active | €200,000 | €6,667 | 77.4% | 45 | 81 |
| Penha de França · 33bb86 | Active | €300,000 | €6,122 | 62.9% | 38 | 85 |
| rua dos Remédios, 45 | Active | €269,000 | €5,848 | 55.6% | 45 | 71 |
| Median comp | €284,500 | €5,985 | 59.3% | 43 | 82 |
Long-term rental The property’s location in prime central Lisbon and its strong gross yield of 5.9% indicate a solid opportunity for long-term rental investment. Given the high demand fueled by tourism and expat activity in the area, this apartment is likely to attract quality tenants consistently. Short-term vacation rental With the ongoing boom in tourism, this apartment, situated in a highly desirable neighborhood, presents an attractive option for short-term vacation rentals. The proximity to key attractions and the appealing yield further enhance its attractiveness for this strategy. Buy-and-hold Investing in this property aligns well with a buy-and-hold strategy, given the estimated fair value significantly exceeds the listing price. The combination of the prime location, yielding potential, and anticipated appreciation makes this property a compelling long-term investment choice. Not ideal for student housing While there is a vibrant market for student housing in Lisbon, the specific characteristics and location of this apartment make it less suited for that demographic. The focus on tourism and expats suggests a different target market would be more profitable for this asset.
Economic Dependency Risk: Despite a high economic stability score of 90/100, reliance on specific industries could lead to vulnerability if those sectors experience downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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