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, 3-bathroom apartment of 155 m², built in 2013, energy rating C. Located on rua Garcia de Resende, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment includes a spacious living room with a fireplace, enhancing both ambiance and comfort for family gatherings, alongside excellent solar exposure promoting natural light throughout. Location Highlights: Nestled in a quiet residential area, it provides convenient access to local shops, schools, and public transport, making daily life seamless.
The valuation. The asking price of €415,000 is significantly above the fair value of €291,162, representing an overvaluation of €123,838 (29.8%). This suggests that the property is overpriced relative to its market worth.
Fair value modelled at €291,162 from the area baseline, adjusted for condition and location. Asking €415,000 sits €123,838 (29.8%) above — overpriced versus fair value.
Asking €415,000 versus the rua Garcia de Resende area baseline of €266,600 (€1,720/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 81). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 56/100 (Housing Market 50 · Amenities 55 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Garcia de Resende
Area baseline €266,600 + condition +€18,164 + location +€6,398 = modelled fair value of €291,162 (€1,878/m²), a €123,838 (29.8%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Garcia de Resende | Subject | €415,000 | €2,677 | — | 80 | 56 |
| praça da Concórdia, 273 | Active | €420,000 | €2,857 | 6.7% | 73 | 49 |
| rua do Freixo | Active | €399,600 | €2,629 | 1.8% | 75 | 53 |
| rua Padre Manuel Gonçalves, 216 | Active | €395,000 | €2,926 | 9.3% | 80 | 58 |
| rua Provedor Nuno Álvares Pereira | Active | €394,990 | €2,948 | 10.1% | 75 | 55 |
| Median comp | €397,300 | €2,892 | 8.0% | 75 | 54 |
Long-term rental The property shows a fair value of €291,162, indicating it is overpriced at €415,000 with a notable gap of 29.8%. Given the industrial influence and the neighbourhood rating of 56/100, long-term rental demand may remain challenged despite a gross yield of 4.7%. Buy-and-hold Although the apartment has potential due to access to Setúbal's economic opportunities, its fair value highlights a significant overpricing that undermines the investment case. The combination of an 83/100 condition score and a less favorable neighbourhood score makes this buy-and-hold strategy less compelling. Not ideal for Luxury market, Short-term rental
Economic and Tenant Stability Risk: With both economic and tenant stability scores at 60/100, there is a heightened risk of fluctuating rental income and potential vacancies that could impact overall cash flow.
