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 64 m² on the 2nd floor, energy rating E. Located on rua Manuel Azevedo Fortes, 2, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts energy-efficient PVC windows with double glazing and electric shutters, enhancing comfort and reducing noise pollution in the vibrant Laranjeiro neighborhood.
The valuation. The asking price of €295,000 is substantially above the fair value of €237,838, resulting in an overpricing of €57,162 (24.0%). This suggests that the property may not attract serious offers without a reduction in price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Azevedo Fortes, 2 | Subject | €295,000 | €4,609 | — | — | 72 |
| Corroios · 1907e0 | Active | €275,000 | €3,716 | 19.4% | — | 75 |
| avenida Vieira da Silva, 41 | Active | €314,000 | €4,301 | 6.7% | 74 | 77 |
| Corroios · 0dcc7f | Active | €260,000 | €3,171 | 31.2% | 68 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 8315a4 | Active | €330,000 | €5,410 | 17.4% | 72 | 73 |
| Median comp | €294,500 | €4,009 | 13.0% | 72 | 76 |
Long-term rental The property is overpriced at €295,000 compared to its fair value of €237,838, indicating a 24.0% gap that may hinder potential returns. With a gross yield of only 3.3%, this investment may not meet the financial expectations typically sought in a long-term rental market. Buy-and-hold Investing in this 2-bed apartment would not align with a buy-and-hold strategy due to its current listing price being significantly above fair value, thereby reducing long-term profitability. The challenging yield of 3.3% coupled with condition ratings suggests that appreciation may not compensate for the investment premium. Family rental Although the apartment is in a neighbourhood with decent amenities and low crime rates, its pricing at €295,000 makes it less attractive for a family rental strategy due to the excessive initial investment. Families seeking rental options may prioritize affordability, thus limiting demand for an overpriced unit even in a strong suburban market.
Tenant turnover risk The tenant stability score of 65/100 indicates a potential for higher tenant turnover, which can lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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