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 102 m², built in 1998, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts high ceilings that amplify its spacious feel and a large tiled terrace ideal for outdoor dining and relaxation, enhancing urban living experience.
The valuation. The asking price of €399,000 is €26,020 (7.0%) above the fair value of €372,980, indicating that the property is priced fairly within the current market. This valuation reflects the competitive nature of the Almada area.
Fair value modelled at €372,980 from 6 comparable sales in the area. Asking €399,000 sits €26,020 (7.0%) above — overpriced versus fair value.
Asking €399,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €334,406 (€3,278/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €334,406, adjusted for condition and micro-location, gives a modelled fair value of €372,980 (€3,657/m²), a €26,020 (7.0%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · e54fe2 | Subject | €399,000 | €3,912 | — | 80 | 74 |
| rua Eduardo Viana, 2 | Active | €500,000 | €4,167 | 6.5% | 75 | 74 |
| rua da Liberdade, 12 | Active | €273,500 | €3,647 | 6.8% | 74 | 70 |
| rua União Piedense, 96 | Active | €330,000 | €3,667 | 6.3% | 80 | 76 |
| rua das Quintas | Active | €295,000 | €3,986 | 1.9% | 72 | 73 |
| Median comp | €312,500 | €3,827 | 2.2% | 75 | 74 |
Long-term rental The property offers a gross yield of 3.2%, which is relatively standard for the area, suggesting stable cash flow potential. Although the fair value is slightly lower than the listing price, the neighborhood's reasonable condition ratings indicate consistent demand from tenants. Buy-and-hold With a fair value gap of 7.0%, this property can be considered a moderate investment in a growing suburb of Lisbon, reflecting the gradual upward trends in the regional housing market. The solid neighborhood scores suggest long-term appreciation potential, although the current listing price does not indicate a significant opportunity for gains. Family rental This apartment's size and condition make it suitable for family rentals, appealing to demographics seeking space and a good living environment. The property’s current asking price aligns closely with its fair market value, indicating that while it is a viable choice, there is limited room for immediate financial advantage due to its pricing.
Moderate tenant turnover risk With a tenant stability score of 70/100, there is a notable risk of moderate turnover which could impact consistent rental income.
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