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 96 m² on the 1st floor, built in 1988, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The apartment features two balconies offering a lovely view, enhancing its appeal and providing natural light throughout the space.
The valuation. The asking price of €360,000 is slightly below the fair value of €372,800, indicating a fair assessment of the property, with a difference of €12,800 (3.4%). Buy-to-flip angle. A buy-to-flip strategy for this apartment could capitalize on minor renovations, particularly updating the dated bathroom fixtures, maximizing resale potential in an appealing market. Buy-to-let angle. Utilizing a long-term rental strategy, the estimated rental income of €1,140/month can produce a gross yield of 3.8%, providing steady cash flow and investment stability.
Fair value modelled at €372,800 from 5 comparable sales in the area. Asking €360,000 sits €12,800 (3.4%) below — the upside to fair value.
Asking €360,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €313,005 (€3,260/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €313,005, adjusted for condition and micro-location, gives a modelled fair value of €372,800 (€3,883/m²), a €12,800 (3.4%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · c1220f | Subject | €360,000 | €3,750 | — | 74 | 75 |
| rua do Forte S / N | Active | €399,000 | €3,912 | 4.3% | 72 | 78 |
| rua Dom Manuel I, 16 | Active | €315,000 | €3,247 | 13.4% | 75 | 77 |
| avenida 23 de Julho, 383 | Active | €349,500 | €3,883 | 3.6% | 75 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c17982 | Active | €450,000 | €3,913 | 4.3% | 74 | 73 |
| Median comp | €374,250 | €3,898 | 3.9% | 75 | 75 |
Long-term rental The apartment in Almada has a gross yield of 3.8%, indicating a moderate return in a suburban area with access to Lisbon. Given the fair valuation of €360,000 against a fair value of €372,800, this property presents a stable option for long-term rental without significant upside potential. Family rental This property scores well with a decent condition rating of 76/100 and a neighborhood quality of 75/100, making it appealing to families seeking a stable environment near Lisbon. Although the fair value is only slightly higher than the listing price, it may attract reliable tenants looking for comfortable living spaces. Buy-and-hold As a buy-and-hold investment, this apartment offers a fair entry point with the potential for modest appreciation in a well-connected area. Despite being fairly valued at €360,000, its proximity to Lisbon enhances its long-term investment viability within the suburban housing market.
Economic downturn risk The property may be susceptible to economic downturns with a relatively high economic stability score of 80/100 and a moderate tenant stability score of 75/100, indicating potential vulnerability in tenant retention during economic fluctuations.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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