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.
0-bedroom, 0-bathroom mix_use_building of 747 m². Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This historic building, formerly housing the renowned Pastelaria Mimosa, offers a unique opportunity for mixed-use redevelopment in Montijo's vibrant cultural heart, despite its current disrepair.
The valuation. The asking price of €495,000 sits 46.0% below the fair value of €722,764, indicating a significant opportunity for investors. This property is underpriced, presenting a compelling case for acquisition.
Fair value modelled at €722,764 from the area baseline, adjusted for condition and location. Asking €495,000 sits €227,764 (46.0%) below — the upside to fair value.
Asking €495,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €1,284,840 (€1,720/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 22/100 (Condition 15 · Materials 20 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 65 · Amenities 55 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Montijo e Afonsoeiro, Montijo, Setúbal
Area baseline €1,284,840 + condition -€618,609 + location +€56,533 = modelled fair value of €722,764 (€968/m²), a €227,764 (46.0%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 52301d | Subject | €495,000 | €663 | — | 15 | 61 |
| rua Afonso Palla | Active | €750,000 | €813 | 22.8% | — | 64 |
| Montijo e Afonsoeiro · c1f202 | Active | €550,000 | €736 | 11.1% | — | 57 |
| rua Sacadura Cabral | Active | €250,000 | €1,623 | 145.0% | — | 57 |
| Montijo e Afonsoeiro · a3128b | Active | €410,000 | €1,041 | 57.0% | — | 53 |
| Median comp | €480,000 | €927 | 39.9% | — | 57 |
Long-term rental The property in Montijo e Afonsoeiro is well-positioned for long-term rental opportunities, with a significant gap of 46.0% below its fair value of €722,764. This potential suggests a strong return on investment as the local demand for housing remains steady in the context of a growing peri-urban area. Family rental With its substantial space of 747m², this mix-use building is ideal for family rentals, thus tapping into the need for larger living spaces near Setúbal. The neighborhood's amenities and overall economic indicators make it appealing for families seeking affordable housing options. Buy-and-hold Given its fair market value significantly outweighs the current listing price, this property represents a compelling buy-and-hold investment. Investors can anticipate capital appreciation over time, especially as Montijo continues to benefit from proximity to Setúbal and its amenities. Not ideal for luxury market This property does not align with the characteristics required for the luxury market segment, given its low condition rating of 22/100. Instead, it is more suited for practical investment strategies that cater to typical residents of the area. Not ideal for student housing The property's current condition and location do not support a viable strategy for student housing, especially with its yield at 0%. Thus, it would not attract the necessary demographic for successful student rentals. Not ideal for short-term vacation rental Short-term vacation rentals are not suitable for this property as its condition and current neighborhood yield a less appealing tourist destination. Moreover, the location's amenities do not align with the expectations of short-term visitors seeking vibrant experiences.
Economic challenges The economic stability score of 60/100 suggests potential volatility in the local economy, which could affect tenant demand and rental income stability.
