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 95 m², built in 1960, energy rating D. Located on rua Afonso Lopes Vieira, 16, Carnaxide e Queijas parish, Oeiras municipality, Lisbon district. Noteworthy Features: The apartment boasts substantial built-in wooden cabinetry enhancing storage solutions, and the spacious terrace offers exceptional outdoor living opportunities in the heart of Queijas.
The valuation. The asking price of €398,500 sits at 2.7% below the fair value of €409,538, indicating a fair valuation. This suggests that potential buyers can feel confident in the property's pricing relative to its market value.
Fair value modelled at €409,538 from 6 comparable sales in the area. Asking €398,500 sits €11,038 (2.7%) below — the upside to fair value.
Asking €398,500 versus the rua Afonso Lopes Vieira, 16 area baseline of €420,798 (€4,429/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €420,798, adjusted for condition and micro-location, gives a modelled fair value of €409,538 (€4,311/m²), a €11,038 (2.7%) gap versus the €398,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Afonso Lopes Vieira, 16 | Subject | €398,500 | €4,195 | — | 61 | 77 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 190977 | Active | €330,000 | €4,286 | 2.2% | 70 | 78 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 1e6153 | Active | €280,000 | €3,784 | 9.8% | — | 71 |
| rua Carlos Paião, 11 | Active | €325,000 | €4,167 | 0.7% | 68 | 75 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 144085 | Active | €425,000 | €4,337 | 3.4% | 71 | 76 |
| Median comp | €327,500 | €4,227 | 0.8% | 70 | 76 |
Long-term rental The property offers a gross yield of 3.4%, which is reasonable given the current market conditions. However, with a fair value of €409,538, the asking price reflects a fair valuation that may not provide exceptional investment returns over time. Buy-and-hold In the growing suburb of Carnaxide e Queijas, the property is well-positioned to benefit from ongoing urban development and economic stability, making it a suitable candidate for a buy-and-hold strategy. While valued at €398,500, the apartment's listing price aligns closely with its fair value, indicating that potential appreciation may be limited. Family rental This 2-bed apartment can attract families looking for spacious living near Lisbon, supported by a neighbourhood score of 77/100, suggesting good amenities and tenant quality. However, given the property is priced fairly at €398,500 against a fair value of €409,538, investors should anticipate modest rental income growth without significant capital appreciation prospects.
Economic and Tenant Fluctuation Risk: With economic and tenant stability both rated at 75/100, there is a moderate risk that fluctuations in the local economy or tenant turnover could negatively impact rental income.
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