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 71 m² on the 2nd floor. Located on rua da Venezuela, 37, Benfica parish, Lisbon municipality, Lisbon district. This apartment features a closed balcony with potential for conversion into an outdoor space, enhancing the overall living experience in a highly accessible location.
The valuation. The asking price of €399,000 is significantly above the fair value of €323,374, with a difference of €75,626 (23.4%). This indicates that the property is overpriced. Buy-to-flip angle. A buy-and-flip strategy could be challenging given the high purchase price, requiring significant appreciation before resale to recover costs. Potential resale strategies would need to focus on attracting buyers seeking quality finishes. Buy-to-let angle. With an estimated rental income of €1,097/month, the property yields a gross return of 3.3%. Its location in the Lisbon metropolitan area makes it appealing for long-term and family rentals.
Fair value modelled at €323,374 from 6 comparable sales in the area. Asking €399,000 sits €75,626 (23.4%) above — overpriced versus fair value.
Asking €399,000 versus the rua da Venezuela, 37 area baseline of €319,718 (€4,503/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €319,718, adjusted for condition and micro-location, gives a modelled fair value of €323,374 (€4,555/m²), a €75,626 (23.4%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Venezuela, 37 | Subject | €399,000 | €5,620 | — | 76 | 72 |
| rua Doutor João de Barros, 9 | Active | €415,000 | €5,461 | 2.8% | 80 | 75 |
| largo Calouste Gulbenkian | Active | €300,000 | €4,615 | 17.9% | 72 | 80 |
| Águas Livres · 25f5bd | Active | €295,000 | €4,214 | 25.0% | 72 | 75 |
| praceta da Índia, 6 | Active | €280,000 | €3,836 | 31.7% | 75 | 78 |
| Median comp | €297,500 | €4,415 | 21.4% | 74 | 77 |
Long-term rental Despite the potential for steady cash flow from a long-term rental strategy, the property in Benfica is overpriced at €399,000, significantly above the fair value of €323,374. With a gross yield of only 3.3%, the investment does not present an attractive return in comparison to other opportunities in the market. Family rental While family rentals can benefit from stable demand, this 2-bed apartment is currently listed at a price that is 23.4% above fair value. The yield of 3.3% does not justify the high listing price, making it an unappealing choice for families seeking value. Buy-and-hold The buy-and-hold strategy is compromised by the current listing price of €399,000, which exceeds the fair valuation by a notable margin. Given the gross yield of 3.3% and the property’s overpriced status, long-term appreciation may not compensate for the cost, making this a less favorable option for investors.
Tenant turnover risk The tenant stability score of 65/100 indicates a moderate likelihood of tenant turnover, which could impact rental income stability and increase vacancy rates.
Year 1, before income tax (IRS or IRC). Includes IMT, stamp duty, IMI and AIMI for a resident individual. Estimate: check with your accountant.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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