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 185 m², built in 2026, energy rating A. Located Porto Covo parish, Sines municipality, Setúbal district. This apartment features a stunning 80.34 m² rooftop terrace with a private swimming pool, offering unparalleled views and outdoor living space in the heart of Porto Covo.
The valuation. The asking price of €550,000 is significantly above the fair value of €309,930, with a difference of €240,070 (43.6%). Thus, this property is overpriced. Buy-to-flip angle. A resale or wholesale strategy would be challenging due to the high initial price and current market conditions. Potential profit margins are unlikely to justify the investment. Buy-to-let angle. The rental income strategy appears unfeasible with a gross yield of 0%, suggesting no immediate cash flow potential from long-term rentals in this rural setting.
Fair value modelled at €309,930 from the area baseline, adjusted for condition and location. Asking €550,000 sits €240,070 (43.6%) above — overpriced versus fair value.
Asking €550,000 versus the Porto Covo, Sines, Setúbal area baseline of €293,780 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 80 · Materials 85 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Porto Covo, Sines, Setúbal
Area baseline €293,780 + condition +€18,500 + location -€2,350 = modelled fair value of €309,930 (€1,675/m²), a €240,070 (43.6%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porto Covo · 6d5151 | Subject | €550,000 | €2,973 | — | 80 | 48 |
| Sines · 4a7d6d | Active | €475,000 | €2,500 | 15.9% | 75 | 49 |
| rua Cerro da Ordem S / N | Active | €185,000 | €2,846 | 4.3% | 72 | 45 |
| Sines · 49b942 | Active | €270,000 | €3,803 | 27.9% | 70 | 46 |
| Santiago do Cacém, Santa Cruz e São Bartolomeu da Serra · 4a804a | Active | €2,980,000 | €14,900 | 401.2% | 62 | 44 |
| Median comp | €372,500 | €3,325 | 11.8% | 71 | 46 |
Long-term rental The property is overpriced at €550,000, significantly exceeding the fair value of €309,930, leading to a gap of 43.6%. With a gross yield of 0% and a low-quality neighborhood rating of 48/100, this investment lacks the potential for reliable tenant attraction or long-term profitability. Buy-and-hold This strategy is not advisable given the property's 43.6% gap from its fair value, indicating that it is overpriced at €550,000. Coupled with minimal earnings potential from a 0% yield and an unfavorable neighborhood score, holding onto this property would likely yield unsustainable losses over time.
Economic Instability Risk The economic stability score of 35/100 indicates a high risk of economic downturns, potentially affecting rental income and property value.
