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, 1-bathroom apartment of 62 m², built in 1969, energy rating D. Located on rua de Manjacaze, Olivais parish, Lisbon municipality, Lisbon district. Noteworthy Features: Exposed wiring and plumbing issues in the kitchen could require significant renovation, while the bedrooms' bold paint colors might deter potential buyers seeking a neutral palette.
The valuation. The asking price of €275,000 is just €3,603 below the fair value of €278,603, representing a difference of 1.3%. This positions the property fairly in the current market. Buy-to-flip angle. The buy-to-flip strategy could leverage the property's standard 1960s finishes, aiming for strategic renovations to enhance value before resale. This approach can attract buyers looking for modernized living spaces. Buy-to-let angle. Focusing on a buy-to-let strategy, the estimated rental income of €1,054 per month provides a gross yield of 4.6%. This yield is attractive for investors seeking steady cash flow in a mixed-density residential area like Olivais.
Fair value modelled at €278,603 from 6 comparable sales in the area. Asking €275,000 sits €3,603 (1.3%) below — the upside to fair value.
Asking €275,000 versus the rua de Manjacaze area baseline of €264,827 (€4,271/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €264,827, adjusted for condition and micro-location, gives a modelled fair value of €278,603 (€4,494/m²), a €3,603 (1.3%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Manjacaze | Subject | €275,000 | €4,435 | — | 58 | 75 |
| rua Sargento Armando Monteiro Ferreira | Active | €140,000 | €2,154 | 51.4% | 65 | 76 |
| rua Major Figueiredo Rodrigues S / N | Active | €270,000 | €4,500 | 1.5% | 60 | 76 |
| rua Doutor José Saraiva, 64 | Active | €307,000 | €4,039 | 8.9% | 66 | 76 |
| rua Cidade de Benguela S / N | Active | €320,000 | €4,923 | 11.0% | 62 | 81 |
| Median comp | €288,500 | €4,270 | 3.7% | 64 | 76 |
Long-term rental The property offers a gross yield of 4.6%, which is competitive within the context of Lisbon's housing market. While the apartment's condition is rated 63/100, its fair valuation indicates a stable investment without rapid appreciation expectations. Family rental Given the neighborhood's favorable rating of 75/100 and reasonable transit links, this apartment stands as a suitable option for families seeking stability. The modest gap of 1.3% from fair value signifies that while this property is adequately priced, it may not yield significant short-term gains. Buy-and-hold This property represents a solid buy-and-hold strategy, given the consistent rental income potential at a yield of 4.6%. However, with its current fair value status, investors should be prepared for minimal price appreciation in the near term, making it a defensive investment choice.
Economic dependency risk Given the economic stability score of 80/100, there may be a reliance on specific industries that could be vulnerable to fluctuations, indicating potential volatility in rental income. Tenant turnover risk With a tenant stability score of 75/100, there's a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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