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 44 m² on the 3rd floor, built in 1950, energy rating D. Located on calçada Agostinho de Carvalho, 11, Santa Maria Maior parish, Lisbon municipality, Lisbon district. This mid-century apartment features original patterned tiles and maintains a view of the historic São Jorge Castle, capitalizing on its prime location within the sought-after Graça neighborhood.
The asking price of €215,000 is below our assessed fair value of €240,000, indicating a potential 11.5% upside. Confidence in this fair value is medium.
The fair value of this property is built using a combination of two models. The Transaction model relies on 82 recorded sales in the parish of Santa Maria Maior, providing real transaction data. The Adjusted asking-price model accounts for current listings, adjusting the asking prices to the sale level. These models are blended, with 55% weighted on the Transaction model and 45% on the Adjusted asking-price model, including conservative adjustments for estimated works. Consequently, the fair value is determined to be €240,000, leading to a conclusion that the asking price is below the fair value, with 11.5% upside potential. Confidence in this valuation is medium.
Gross yield 4.1% (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 presents a strong investment opportunity given its fair value exceeding the asking price by 11.5%, indicating that the asking price is below the fair value. The gross yield of 4.1% suggests a solid return on investment, particularly for long-term letting in a neighborhood that has room for improvement. Though the property requires some cosmetic renovations, with indicative costs around €920/m², quality refurbishment could further enhance its value. Overall, the medium confidence in the investment aligns with the potential upside from strategic renovations, making it an appealing option in Lisbon's competitive market.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has both economic and tenant stability scores of 50/100, indicating a mixed outlook that could affect rental income and property performance. Data quality findings risk Although the data quality check passed, the lack of real transaction data for the address may limit the accuracy of the valuation. Fair value certainty risk The valuation indicates a fair value of €240,000, but the medium confidence level implies there are uncertainties regarding this figure.
Grade AFindings: 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 v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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