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 house of 160 m². Located on avenida Primeiro de Maio, 1, Pegões parish, Montijo municipality, Setúbal district. Noteworthy Features: The property boasts a generous 200 m² yard, perfect for a bespoke garden or leisure area, enhancing outdoor living potential and future expansion opportunities.
The valuation. The asking price of €330,000 is positioned significantly above the fair value of €234,006, resulting in a disparity of €95,994 (29.1%). This property is considered overpriced based on the current market conditions.
Fair value modelled at €234,006 from the area baseline, adjusted for condition and location. Asking €330,000 sits €95,994 (29.1%) above — overpriced versus fair value.
Asking €330,000 versus the avenida Primeiro de Maio, 1 area baseline of €447,360 (€2,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 (Condition 52 · Materials 60 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 50 · Economic 60 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
avenida Primeiro de Maio, 1
Area baseline €447,360 + condition -€50,000 + location +€8,806 = modelled fair value of €234,006 (€1,463/m²), a €95,994 (29.1%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Primeiro de Maio, 1 | Subject | €330,000 | €2,063 | — | 52 | 58 |
| Pegões · 0900f8 | Active | €410,000 | €1,916 | 7.1% | 80 | 59 |
| rua Fonte do Nico | Active | €410,000 | €1,916 | 7.1% | 74 | 66 |
| Pegões · 6fbe01 | Active | €529,900 | €2,128 | 3.2% | 74 | 54 |
| rua Pedro Alvares Cabral, 72 | Active | €349,000 | €2,547 | 23.5% | 72 | 53 |
| Median comp | €410,000 | €2,022 | 2.0% | 74 | 57 |
Long-term rental The property in Pegões, listed at €330,000, is markedly overpriced relative to its fair value of €234,006, indicating a gap of 29.1%. With a gross yield of 0% and a modest neighborhood score of 58/100, it lacks the potential for sustainable long-term rental income. Value-add renovation Although the property holds potential for value-add renovations, its current condition rating of 55/100 suggests significant upfront investment is necessary. Given its overpriced status and the estimated fair value considerably lower, any renovation benefits may not justify the initial expenditure in the current market context.
Tenant turnover risk: With a tenant stability score of only 55/100, there is a heightened risk of significant turnover, potentially leading to increased vacancy rates and loss of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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