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 116 m² on the 2nd floor, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts large sliding glass doors that enhance natural light and provide access to a potentially significant outdoor space, despite the property's current illegal occupancy status.
The valuation. The asking price of €336,000 sits €27,210 below the fair value of €363,210, representing a fair alignment of market expectations and property worth. This indicates that the property is reasonably priced and appealing for potential investors.
Fair value modelled at €363,210 from 6 comparable sales in the area. Asking €336,000 sits €27,210 (7.5%) below — the upside to fair value.
Asking €336,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €339,800 (€2,929/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €339,800, adjusted for condition and micro-location, gives a modelled fair value of €363,210 (€3,131/m²), a €27,210 (7.5%) gap versus the €336,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 0aced6 | Subject | €336,000 | €2,897 | — | 68 | 80 |
| rua Alves Redol, 62 | Active | €310,000 | €3,298 | 13.9% | 67 | 78 |
| Caparica e Trafaria · 87506f | Active | €275,000 | €3,022 | 4.3% | 68 | 76 |
| avenida Arsenal do Alfeite | Active | €349,000 | €2,983 | 3.0% | 72 | 71 |
| estrada Algazarra | Active | €368,000 | €2,573 | 11.2% | 68 | 85 |
| Median comp | €329,500 | €3,003 | 3.7% | 68 | 77 |
Family rental This 3-bed apartment in Almada presents a fair investment opportunity for family rentals, as it is situated in a suburban area with developed infrastructure and a solid neighborhood rating of 80/100. Given its gross yield of 4%, the property can attract a desirable tenant demographic seeking stable housing close to Lisbon. Long-term rental With a competitive fair value of €363,210 and a listing price of €336,000, this property offers a reasonable prospect for long-term rentals in Almada, maintaining a stable yield of 4%. The favorable neighborhood score and decent condition rating further bolster its potential to generate consistent rental income over time. Buy-and-hold Investing in this 3-bed apartment for a buy-and-hold strategy can be justified, given its fair valuation reflecting the local housing market's stability within Almada. The blend of a favorable neighborhood score and a strong economic outlook enhances the property’s prospect for value appreciation, making it a sound choice for long-term investment plans.
Tenant turnover risk High tenant turnover could occur if the tenant stability score of 80/100 fails to maintain long-term occupancy, potentially impacting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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