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 93 m² on the 6th floor, built in 1988, energy rating D. Located on rua Alves Redol, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The apartment features a closed balcony with privileged views of Cristo Rei, enhancing its appeal for versatile use and maximizing natural light throughout the living spaces.
The asking price of €335,000 is above our assessed fair value of €324,000, indicating a €11,000 gap or 3.1% downside from the asking price; we have low confidence in this fair value assessment. The estimated gross yield is 4.8%.
The asking price is in line with the fair value. The fair value of the property is determined by combining a Transaction model (which uses real transaction data from the parish, accounting for 55%) and an Adjusted asking-price model (adjusted current listings at 45%). No conservative adjustments were necessary for this property, leading to a fair value of €324,000. The asking price of €335,000 is only 3.1% above this fair value, indicating a slight premium yet within expected negotiation parameters. Confidence in this valuation is low.
Gross yield 4.8% (before costs)
No specific strategy stands out for this property.
For this 3-bed apartment in Almada, potential investors should consider that the asking price of €335,000 is slightly above the fair value of €324,000, indicating a 3.1% downside risk. While the property's condition score is moderate at 77, the neighborhood rating is weaker at 50, suggesting that future value appreciation might be limited. Overall, the asking price aligns with the fair value, impacting confidence in the investment opportunity.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: With both economic stability and tenant stability scores at only 50/100, there is a heightened risk of unreliable rental income from occupying tenants due to potential instability in the local economy. Fair value uncertainty risk: The valuation indicates a fair value of €324,000 with a low confidence level, suggesting significant uncertainty in the property's true market value, exacerbated by the lack of micro-location transaction data and a notable discrepancy between estimates.
Grade AFindings: 0
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No confirmed issues.
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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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