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.
3-bedroom, 2-bathroom apartment of 135 m², built in 1983, energy rating D. Located on rua Joaquim Casimiro, Estrela parish, Lisbon municipality, Lisbon district. This property features two closed balconies, offering potential for additional living space or conversion into a bright study, enhancing its versatility in a desirable Estrela location.
The valuation. The asking price of €850,000 sits €68,339 (8.7%) above the fair value of €781,661, categorizing the property as fairly priced for the area. Market dynamics warrant close monitoring to ensure continued value appreciation.
Fair value modelled at €781,661 from 6 comparable sales in the area. Asking €850,000 sits €68,339 (8.7%) above — overpriced versus fair value.
Asking €850,000 versus the rua Joaquim Casimiro area baseline of €761,396 (€5,640/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €761,396, adjusted for condition and micro-location, gives a modelled fair value of €781,661 (€5,790/m²), a €68,339 (8.7%) gap versus the €850,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Casimiro | Subject | €850,000 | €6,296 | — | 70 | 78 |
| rua da Atalaia | Active | €980,000 | €6,533 | 3.8% | 75 | 90 |
| rua de Santo Amaro, 3 | Active | €845,000 | €6,036 | 4.1% | 75 | 80 |
| rua Academia Recreativa de Santo Amaro, 4 | Active | €499,000 | €5,607 | 11.0% | 84 | 81 |
| avenida Dom Nuno Álvares Pereira | Active | €435,000 | €4,028 | 36.0% | 72 | 74 |
| Median comp | €672,000 | €5,822 | 7.5% | 75 | 81 |
Long-term rental The property offers a gross yield of 3.3%, which is reasonable within the Lisbon metro area, and suggests stable cash flow potential for investors. However, with a fair value gap of 8.7%, the investment aligns with a balanced market perspective rather than an opportunity for immediate value appreciation. Short-term vacation rental Given the apartment's proximity to urban amenities and strong safety profile, it could appeal to tourists, yet the 3.3% yield indicates that profitability may be limited in comparison to initial investment costs. With the property currently valued fairly, potential returns in this market segment remain moderate without significant room for quick gains. Buy-and-hold The favorable conditions in Estrela, Lisbon, contribute to the potential for long-term appreciation, yet the property is at a fair price with limited upside for immediate profit. As such, while it presents a stable investment, the existing valuation suggests caution for those seeking substantial capital growth in the short term.
Potential Tenant Turnover Tenant stability at 70/100 suggests a moderate risk of tenant turnover, which could impact rental income if vacancies arise.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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