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 116 m², built in 2004, energy rating B. Located on urbanização Corte Esteval, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment includes a semi-equipped kitchen with quality finishes and a spacious living room that opens onto a balcony, enhancing both functionality and outdoor access.
The valuation. The asking price of €362,000 is significantly above the fair value of €190,934, exceeding it by €171,066 or 47.3%. This makes the property overpriced in the current market. Buy-to-flip angle. A buy-to-flip strategy would require renovation to enhance the property’s appeal, subsequently targeting resale at a higher price point in this suburban area. Given the asking price, potential flipping profitability seems limited. Buy-to-let angle. With an estimated rental income of €1,026 per month, the gross yield stands at 3.4%, which is relatively low for an investment property. The rental strategy may provide steady cash flow, but returns appear limited due to the high acquisition cost.
Fair value modelled at €190,934 from the area baseline, adjusted for condition and location. Asking €362,000 sits €171,066 (47.3%) above — overpriced versus fair value.
Asking €362,000 versus the urbanização Corte Esteval area baseline of €324,336 (€2,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 65 · Materials 70 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 59/100 (Housing Market 57 · Amenities 55 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
urbanização Corte Esteval
Area baseline €324,336 + condition -€15,769 + location +€7,183 = modelled fair value of €190,934 (€1,646/m²), a €171,066 (47.3%) gap versus the €362,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Corte Esteval | Subject | €362,000 | €3,121 | — | 65 | 59 |
| rua de São José Operário | Active | €427,000 | €2,828 | 9.4% | 74 | 60 |
| rua Aquilino Ribeiro, 62 | Active | €370,000 | €3,190 | 2.2% | 70 | 56 |
| rua Pedro Hispano, 69 | Active | €398,000 | €2,653 | 15.0% | 75 | 52 |
| Montijo e Afonsoeiro · 937416 | Active | €445,000 | €2,853 | 8.6% | 79 | 55 |
| Median comp | €412,500 | €2,841 | 9.0% | 75 | 56 |
Long-term rental The 3-bed apartment in Montijo e Afonsoeiro is overpriced at €362,000 compared to a fair value of €190,934, marking a significant gap of 47.3%. With a gross yield of only 3.4%, this property does not offer attractive returns for long-term rental investment. Buy-and-hold Investing in this property for a buy-and-hold strategy is not advisable due to its current listing price being significantly above its fair market value of €190,934, indicating a 47.3% overvaluation. Additionally, the overall condition rating of 66/100, coupled with a neighbourhood score of only 59/100, suggests limited appreciation potential in the long run.
Economic and Tenant Instability With both economic and tenant stability scores at 60/100, there is a significant risk of fluctuating income levels and potential vacancies impacting the overall financial performance of the property.
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