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.
1-bedroom, 1-bathroom apartment of 38 m² on the 4th floor, built in 1973, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The apartment features an enclosed terrace with river views, enhancing outdoor living space and providing excellent sun exposure.
The asking price sits significantly above our fair value estimation, indicating a potential overvaluation of €84,000 or 33.4% downside compared to the asking price; confidence in this fair value is medium. The estimated gross yield for this property is 5.1%.
The fair value of this property is derived from a combination of two models. The Transaction model uses recent sales data from Almada, weighted at 55%, while the Adjusted asking-price model, which reflects current listings, makes up 45%. Adjustments for factors like area and necessary repairs are conservatively applied, resulting in a fair value estimate of €166,000. In comparison, the asking price is €250,000, indicating that the asking price is above the fair value by €84,000, representing a 33.4% downside. Confidence in this assessment is medium.
Gross yield 5.1% (before costs)
No specific strategy stands out for this property.
The asking price of this 1-bed apartment in Almada is significantly above the fair value, which may indicate that the market is overvaluing the property. Given the medium condition rating of 66/100 and a low neighbourhood score of 50/100, the location and overall state of the property may not justify the investment. Investors should consider the 33.4% downside when assessing potential long-term value.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With both economic stability and tenant stability scores at 50/100, there is a significant risk of market volatility and potential difficulties in maintaining consistent rental income. Fair value certainty risk With a fair value set at €166,000 but a medium confidence level and no real transaction data available, there is uncertainty regarding the accuracy of this valuation and potential market fluctuations affecting its reliability.
Grade AFindings: 0
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 v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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