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 68 m² on the 1st floor, built in 1988, energy rating C. Located on rua Dom João de Portugal, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment boasts premium finishes, including gold fixtures and herringbone tiles, while still undergoing renovations, particularly in the kitchen, indicating substantial potential for personalization.
The asking price of €335,000 is above our fair value estimate of €258,000, indicating that this property is overpriced. The estimated gross yield is 4.6%.
The fair value of this property is assessed using a combination of two models. The Transaction model incorporates 227 real transaction data from Almada, Cova da Piedade, Pragal e Cacilhas, accounting for 55% of the valuation. The Adjusted asking-price model, which adjusts current listings to sale levels, makes up 45%. No conservative adjustments were applied to this property. The resulting fair value is €258,000, indicating that the asking price is above the fair value, specifically €335,000 represents a 23.1% downside compared to the fair value. Confidence in this assessment is high.
Gross yield 4.6% (before costs)
No specific strategy stands out for this property.
Investors should consider that the asking price of €335,000 significantly exceeds the fair value of €258,000, indicating a downside of 23.1% in comparison. While the property is in acceptable condition, and offers a gross yield of 4.6%, the location rating of 50/100 suggests that it may not be compelling enough to justify the premium. Therefore, the asking price is positioned above the fair value, bringing into question its overall attractiveness as an investment opportunity.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With both economic and tenant stability scores at 50/100, there is a significant risk of fluctuations in rental income and occupancy rates, impacting overall investment returns.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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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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