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 50 m², built in 1950, energy rating D. Located on rua da Bica do Sapato, 38B, São Vicente parish, Lisbon municipality, Lisbon district. This apartment features original historic elements like exposed beams and hardwood floors, which, despite severe deterioration, offer a unique charm for creative restoration possibilities.
We do not show a fair-value estimate for this property yet. "Market reference data is out of date"; "Signs of ruin or severe damage; value capped at reconstruction economics." Renovation upside. This property offers significant renovation upside, with a condition assessed at 15/100, indicating a need for comprehensive modernization. Costs for renovation are estimated at around €1,380/m², thereby offering potential value enhancement post-renovation.
Not assessed: Signs of ruin or severe damage; value capped at reconstruction economics
We don't show a value or verdict for this property yet.
We do not yet provide a fair value or judgment on this property's asking price. This is due to the following reasons: "Market reference data is out of date"; "Signs of ruin or severe damage; value capped at reconstruction economics". A fair value is typically established using the Transaction model, which employs real transaction data in the area, or the Adjusted asking-price model, which adjusts asking prices based on current listings.
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 São Vicente presents a compelling investment opportunity given its current listing price of €195,000 and significant potential for value appreciation through renovation, as it has been assessed at a low condition score of 15/100. The indicative renovation costs at around €1,380/m² indicate a feasible entry margin for improvements in this mixed neighbourhood, enhancing its desirability for long-term letting, especially since new short-term rental licences are not being issued here; market reference data is out of date. With careful execution of the renovation strategy, this property could align well with the demand for quality long-term rental homes, fostering potential rental income as a return on investment.
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 challenges in attracting and retaining tenants. Data quality risk The listings of this property disagree, raising concerns about the reliability and accuracy of the data available. Fair value estimate risk Market reference data is out of date; therefore, the absence of a fair value estimate poses a significant risk to potential investors.
Grade DFindings: 1
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Models 3.4.3 (Data quality v3 · Valuation v4.1 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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