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, 0-bathroom house of 255 m², built in 1977. Located Pegões parish, Montijo municipality, Setúbal district. Unique investment opportunity: The property is situated within a region known for its high heritage and landscape value, specifically within the Agricultural Colony of Santo Isidro de Pegões, renowned for vineyards and authentic rural environment.
The valuation. The asking price of €185,000 sits €13,349 below the fair value of €198,349, indicating that the property is underpriced by approximately 7.2%. Buy-to-flip angle. The strategy for resale focuses on significant renovations to improve the property’s condition and appeal, targeting a higher retail price post-renovation. Buy-to-let angle. The rental income strategy aims to attract long-term tenants through affordable housing options in a mixed neighborhood, although current disrepair may limit immediate occupancy.
Fair value modelled at €198,349 from the area baseline, adjusted for condition and location. Asking €185,000 sits €13,349 (7.2%) below — the upside to fair value.
Asking €185,000 versus the Pegões, Montijo, Setúbal area baseline of €438,600 (€1,720/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 13/100 (Condition 10 · Materials 15 · Room dimensions 15). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 55/100 (Housing Market 50 · Amenities 55 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
Pegões, Montijo, Setúbal
Area baseline €438,600 + condition -€249,023 + location +€8,772 = modelled fair value of €198,349 (€778/m²), a €13,349 (7.2%) gap versus the €185,000 asking price.
Buy-and-hold This 3-bed house in Pegões presents a unique opportunity as it is currently listed at €185,000, slightly below the fair value of €198,349, reflecting a 7.2% gap. The steady demand for housing in semi-rural areas like Montijo makes it an attractive option for long-term investment despite its condition rating of 13/100. Family rental Given its pricing, this property offers a good entry point for family rental purposes, with the local market supportive of stable tenant quality in the area. While the condition is a concern, long-term trends indicate potential for stable occupancy and rental income over time. Value-add renovation The house's low condition score of 13/100 indicates significant potential for value-add renovations, which can increase both the property’s value and appeal. By investing in strategic improvements, the gap to fair value of 7.2% can be bridged, making it a promising candidate for those looking to enhance their investment's return. Not ideal for Luxury market, Short-term vacation rental, Student housing.
Potential Market Decline The combined economic stability score of 50 indicates a vulnerable market condition that could lead to decreased rental demand in the future, despite a slightly better tenant stability score of 60.
