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, 3-bathroom apartment of 88 m² on the 2nd floor, energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The property features two balconies with privileged views of the Cristo Rei, enhancing both natural light and outdoor living space in a central Almada location.
The valuation. The asking price of €365,000 is significantly below the fair value of €568,000, representing a discount of €203,000 or 35.7%. This property is clearly underpriced and presents a compelling opportunity for investment.
Fair value modelled at €568,000 from 6 comparable sales in the area. Asking €365,000 sits €203,000 (35.7%) below — the upside to fair value.
Asking €365,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €476,480 (€5,415/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 €476,480, adjusted for condition and micro-location, gives a modelled fair value of €568,000 (€6,455/m²), a €203,000 (35.7%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 76ad75 | Subject | €365,000 | €4,148 | — | 88 | 79 |
| rua Luís Teotónio Pereira | Active | €349,000 | €5,817 | 40.2% | 85 | 75 |
| Misericórdia · 4a809a | Active | €560,000 | €7,000 | 68.8% | 80 | 84 |
| Estrela · cfde22 | Active | €975,000 | €5,909 | 42.5% | 75 | 80 |
| Estrela · 6c7a01 | Active | €2,300,000 | €13,068 | 215.1% | 80 | 80 |
| Median comp | €767,500 | €6,455 | 55.6% | 80 | 80 |
Family rental The 2-bed apartment in Almada presents a strong opportunity for family rental in a suburban area with good local school access, ideal for family-oriented tenants. With a fair value significantly higher than the listing price, this property is attractive for families seeking affordable accommodation in an otherwise competitive market. Buy-and-hold Investing in this property offers a robust buy-and-hold strategy, especially considering its favorable fair value assessment that indicates potential appreciation over time. The combination of a decent condition rating and neighborhood amenities supports long-term value retention, making it a strategic addition to any real estate portfolio. Long-term rental The apartment's listing price is appealing for long-term rental investors, as the property shows a fair value that enhances its income potential. With a good local economy and housing market fundamentals, it promises steady demand and rental income, despite a relatively modest gross yield of 3.2%.
Tenant turnover risk High tenant turnover may occur due to a tenant stability score of 75/100, indicating potential challenges in maintaining consistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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