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, 3-bathroom apartment of 167 m² on the 1st floor, built in 1986, energy rating D. Located on rua Doutor José Joaquim de Almeida, 737, Carcavelos e Parede parish, Cascais municipality, Lisbon district. Noteworthy Features: The apartment boasts balconies with sea views, enhancing outdoor living, and a spacious garage accommodating two cars ensures convenient access in a bustling neighborhood.
The valuation. The asking price of €860,000 is slightly below the fair value of €864,853, representing a mere €4,853 (0.6%). The property is priced fairly within the current market context. Buy-to-flip angle. With minor renovations improving its condition, this 3-bed apartment could be flipped for a higher price, appealing to buyers seeking quality and space in a desirable suburban area. Buy-to-let angle. The estimated rental income of €2,222/month yields a gross return of 3.1%, allowing for consistent cash flow from long-term tenants in a location with stable demand near Lisbon's amenities.
Fair value modelled at €864,853 from 6 comparable sales in the area. Asking €860,000 sits €4,853 (0.6%) below — the upside to fair value.
Asking €860,000 versus the rua Doutor José Joaquim de Almeida, 737 area baseline of €801,734 (€4,801/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 €801,734, adjusted for condition and micro-location, gives a modelled fair value of €864,853 (€5,179/m²), a €4,853 (0.6%) gap versus the €860,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor José Joaquim de Almeida, 737 | Subject | €860,000 | €5,150 | — | 74 | 78 |
| Carcavelos e Parede · 4bc6c9 | Active | €835,000 | €5,964 | 15.8% | 74 | 75 |
| rua dos Plátanos, 191 | Active | €720,000 | €5,255 | 2.1% | 80 | 67 |
| Carcavelos e Parede · 956a18 | Active | €750,000 | €5,102 | 0.9% | 80 | 71 |
| avenida Doutor Francisco de Sá Carneiro, 9 | Active | €750,000 | €4,630 | 10.1% | 78 | 71 |
| Median comp | €750,000 | €5,179 | 0.6% | 79 | 71 |
Long-term rental The property offers a gross yield of 3.1%, which is consistent with the stable housing demand in Carcavelos e Parede. Given its condition rating of 76/100 and favorable neighbourhood score of 78/100, it is positioned well for sustainable long-term rental occupancy. Buy-and-hold With a fair value of €864,853, the property is currently listed at €860,000, reflecting a minimal gap of 0.6%. Holding this asset could result in gradual appreciation due to the appealing suburban location near Lisbon's employment and amenities. Family rental This 3-bed apartment is well-suited for families, combining adequate space of 167m² with a neighborhood that ranks positively at 78/100 in terms of amenities. However, with the current valuation as fair, potential family renters would benefit from the good accessibility to Lisbon while securing a property that meets their living needs. Short-term rental Given the property’s fair valuation and a rental yield of only 3.1%, it would not generate sufficient returns for short-term rental activities, which typically require higher profitability. The competitive landscape in the short-term rental market necessitates properties that offer better price advantages to attract guests over traditional rental options. Luxury market The listing price of €860,000 does not position this apartment as a competitive option in the luxury market. With its current condition and fair valuation, it lacks the features necessary to appeal to clients seeking premium, high-end properties.
Potential economic downturn Economic and tenant stability scores of 75/100 indicate a moderate risk of declines in rental income if local economic conditions worsen significantly.
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