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 87 m², energy rating D. Located on rua João Luís da Cruz, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features a scenic river view from its veranda, enhancing the appeal of the central Almada location and providing a nice outdoor space for relaxation.
The asking price of €299,000 is above our estimated fair value of €220,000, indicating a potential downside of €79,000, or 26.3%. Confidence in this fair value assessment is medium.
The property's fair value is built using a combination of two models. The Transaction model relies on real transaction data from 227 sales in Almada, while the Adjusted asking-price model considers current listings with adjustments to reflect sale conditions. These models are blended, with the Transaction model contributing 55% and the Adjusted asking-price model 45%. Conservative adjustments were made for factors like area and estimated works, leading to a fair value estimate of €220,000. With the asking price at €299,000, the asking price is above the fair value, indicating a significant gap. Confidence in this assessment is medium.
Gross yield 5.5% (before costs)
No specific strategy stands out for this property.
Investors should note that this 3-bed apartment in Almada is offered at €299,000, which is significantly above its assessed fair value of €220,000, reflecting a 26.3% downside. The property is in average condition with a score of 65/100 and is located in a neighborhood rated at 50/100, which further impacts its overall investment potential. With a gross yield of 5.5%, careful consideration of these factors is essential before proceeding.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has low economic and tenant stability scores of 50 out of 100, indicating potential risks in maintaining rental income and occupancy rates. Fair value certainty risk The property is valued at €220,000 with medium confidence; however, there are indications that the municipality is under observation against the INE, and there is a lack of micro-location transaction data for this address, which could affect the certainty of this valuation.
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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