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, 2-bathroom apartment of 123 m², built in 1999, energy rating D. Located on rua Dom José de Alarcão, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This ground floor apartment features a built-in saltwater aquarium in the hall and stylized murals in some of the bedrooms, showcasing a unique design element.
The asking price of €385,000 sits above our fair value assessment of €357,000, indicating the asking price is overpriced with a downside of 7.3% versus our fair value. Rental income. The property’s rental income strategy is supported by an estimated gross yield of 5.2%, which is above the national average, making it a strong candidate for generating consistent rental returns.
The asking price is above the fair value. The fair value is established using two models: the Transaction model, which weighs in real transaction data from the area at 55%, and the Adjusted asking-price model, at 45% based on current listings. For this property, no conservative adjustments were applied. Consequently, the fair value is €357,000, resulting in a gap of €28,000 (7.3% downside) versus the asking price of €385,000. Confidence in this fair value assessment is high.
Gross yield 5.2% (before costs)
The asking price of €385,000 is above the fair value of €357,000, reflecting a 7.3% downside versus the asking price, which indicates the property is overpriced. Despite its relatively favorable gross yield of 5.2%, which sits above the middle of the national range for rental income, the condition score of 78/100 and the neighborhood rating of 50/100 hint that potential returns may be undermined by location dynamics and property maintenance costs. Therefore, while the income potential is promising, the asset's current valuation does not align well with its true market worth, making it less attractive for investment purposes.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The low economic stability score of 50/100 combined with a tenant stability score of 50/100 indicates a significant risk of fluctuating rental demand and potential income instability.
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 v4.1 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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