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.
5-bedroom, 2-bathroom apartment of 100 m² on the 1st floor, built in 1915, energy rating D. Located on rua Frei Manuel do Cenáculo, 3, Penha de França parish, Lisbon municipality, Lisbon district. The property features ornate historic details and high ceilings that enhance the living spaces, providing a sense of grandeur and unique character not commonly found in modern apartments.
The asking price of €370,000 sits below our fair value of €382,000, indicating that the asking price is in line with the fair value, although confidence in this valuation is medium. Rental income. The property’s estimated gross yield of 5.1% suggests a viable rental income strategy, placing it above the national average. Renovation upside. With a condition score of 61/100, there is potential for renovation upside, as the property requires cosmetic works estimated at €920/m² to enhance its value.
The fair value of this property is built using the Transaction model and the Adjusted asking-price model. The Transaction model relies on real transaction data from 37 sales in the Penha de França area, constituting 55% of the final assessment. The Adjusted asking-price model, making up 45%, evaluates current listings with asking prices refined to reflect sale conditions. Conservative adjustments include costs for necessary repairs. The result shows that the asking price is in line with the fair value; the fair value is €382,000, while the asking price is €370,000, indicating a 3.3% upside compared to the asking price. This assessment reflects medium confidence.
Gross yield 5.1% (before costs)
This 5-bedroom apartment in Penha de França, Lisbon, presents a solid investment opportunity with a gross rental yield of 5.1%, indicating strong potential for rental income. While the property's condition is assessed at 61/100, there is an entry margin for renovation upside, estimated at €920 per square meter for cosmetic updates, which can enhance value over time. The asking price of €370,000 is in line with the fair value at €382,000, signifying a slight 3.3% upside against the asking price, providing a balanced investment proposition in a neighborhood that offers essential amenities and reasonable tenant quality.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: With an economic stability score of 50/100 and a tenant stability score of 50/100, there is a significant risk that income may be unstable due to potential tenant turnover and economic fluctuations affecting the area. Fair value certainty risk: The valuation is given as fair value at €382,000 with medium confidence, indicating that the actual market value may vary given the lack of micro-location transaction data and the observation of the municipality by INE.
Grade AFindings: 0
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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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