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 58 m² on the 1st floor, built in 1951, energy rating D. Located on rua do Castelo Picão, 50, Santa Maria Maior parish, Lisbon municipality, Lisbon district. This apartment features traditional Lisbon architectural elements, including wrought iron balconies and stonework, enhancing its charm in the historic Alfama neighborhood.
We do not show a fair-value estimate for this property yet. Market reference data is out of date. Renovation upside. The property has a condition score of 63/100, indicating the potential for value increase through cosmetic renovations estimated at around €920/m², capitalising on the entry margin.
We do not currently provide a fair value or judgment on the asking price for this property. The reason is that "Market reference data is out of date." A fair value would be built using the Transaction model, which uses real transaction data in the area, or the Adjusted asking-price model, which adjusts asking prices based on current listings.
Gross yield 4.3% (before costs)
Regulatory note (short-term rental): Regulatory note: in this parish new short-term rental licences are not being issued and licences lapse on sale. Plan on long-term letting
This 2-bed apartment in Santa Maria Maior, listed at €290,000, offers significant potential due to its reasonable asking price relative to its current condition score of 63/100, indicating room for improvement. Given the estimated renovation costs of around €920/m² for a cosmetic upgrade, an investor can capitalize on a renovation upside, ultimately enhancing the property’s value and rental appeal. With a gross yield of 4.3%, this property is well-positioned for long-term letting, particularly in a neighbourhood rated 50/100, where demand remains stable despite no new short-term rental licences being issued. Market reference data is out of date.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has a low economic stability score of 50/100 and a tenant stability score of 50/100, indicating potential risks in maintaining rental income and property value. Absence of fair-value estimate risk The property does not have a fair value shown due to the reason: "Market reference data is out of date".
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
