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 72 m² on the 2nd floor, energy rating D. Located on rua das Caravelas, Cascais e Estoril parish, Cascais municipality, Lisbon district. This apartment includes a living room with a balcony that provides sunlight and outdoor space, enhancing the overall living experience despite the needed cosmetic updates.
The asking price for the property is €320,000, which is below our assessed fair value of €343,000, indicating it is underpriced with a potential upside of 7.3%. The renovation upside strategy applies here, as the unit's condition assessed at 61/100 allows for a cosmetic renovation with estimated costs at €920/m², enhancing overall value.
The property's fair value is established using two models: the Transaction model, based on actual sales data from the parish of Cascais e Estoril, and the Adjusted asking-price model, which adjusts current listings to align with sale prices. These two models are combined, with the Transaction model carrying a weight of 55% and the Adjusted asking-price model 45%. Conservative adjustments for factors like area and estimated works have been applied, resulting in a fair value of €343,000, which is 4.0% below the central estimate. In this context, the asking price is below the fair value, indicating a 7.3% upside based on the gap of €23,000. The confidence in this assessment is high.
Gross yield 4.5% (before costs)
This 2-bed apartment in Cascais is an attractive investment opportunity, being priced at €320,000 while holding a fair value of €343,000, presenting a 7.3% upside against the asking price. The property has a 4.5% gross yield and benefits from renovation upside, given its condition rated at 61/100, which allows for value enhancement through cosmetic works priced at approximately €920/m². Located in a neighbourhood with a score of 50/100, the prospect of significant upside through improvement makes this a compelling option for investors looking to capitalize on the local market dynamics.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property faces a risk due to its low economic stability score of 50/100 and tenant stability score of 50/100, indicating potential vulnerability to fluctuations in the rental market and issues with tenant retention.
Grade AFindings: 0
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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