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 119 m², built in 2007, energy rating C. Located on praça da Concórdia, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The apartment features a cozy fireplace in the spacious living room and a practical pantry in the kitchen, enhancing the overall functionality and atmosphere.
The valuation. The asking price of €360,000 exceeds the fair value of €221,762 by €138,238 (38.4%), indicating the property is overpriced. This discrepancy suggests potential investors may hesitate to pursue this acquisition. Buy-to-flip angle. A buy-to-flip strategy could involve renovation to modernize the interior, targeting a resale price above the current asking. However, considerable profit margins appear limited due to the high initial investment. Buy-to-let angle. With an estimated rental income of €870/month, the gross yield sits at 2.9%. This yield reflects a strategy focused on long-term stable cash flow in a suburban environment near Lisbon, ideal for family rentals.
Fair value modelled at €221,762 from the area baseline, adjusted for condition and location. Asking €360,000 sits €138,238 (38.4%) above — overpriced versus fair value.
Asking €360,000 versus the praça da Concórdia area baseline of €204,680 (€1,720/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 71 · Materials 75 · Room dimensions 80). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 70 · Economic 85 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
praça da Concórdia
Area baseline €204,680 + condition -€930 + location +€18,012 = modelled fair value of €221,762 (€1,864/m²), a €138,238 (38.4%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da Concórdia | Subject | €360,000 | €3,025 | — | 71 | 72 |
| rua Mário Miguel de Sousa Rama | Active | €360,000 | €3,462 | 14.4% | 71 | 57 |
| Montijo e Afonsoeiro · 96c0cd | Active | €325,000 | €3,186 | 5.3% | 75 | 53 |
| Montijo e Afonsoeiro · 956a0e | Active | €330,000 | €3,084 | 1.9% | 70 | 54 |
| Montijo e Afonsoeiro · 893590 | Active | €270,000 | €2,755 | 8.9% | 70 | 57 |
| Median comp | €327,500 | €3,135 | 3.6% | 71 | 56 |
Long-term rental The property is overpriced at €360,000 compared to the fair value of €221,762, resulting in a significant gap that suggests limited potential for appreciation. With a low gross yield of 2.9%, this investment may not generate adequate returns to justify the high entry cost. Buy-and-hold Investing in this property for a buy-and-hold strategy appears unattractive, as the €360,000 asking price exceeds fair value substantially. The 2.9% gross yield further indicates that holding this asset may not yield a satisfactory return over the investment horizon. Family rental While the suburban location near Lisbon may foster stable tenancy, the property is overpriced at €360,000 relative to its fair value of €221,762. As a result, the likely yields from renting to families will not sufficiently compensate for the elevated purchase price, making this strategy less appealing.
Tenant turnover risk With a tenant stability score of 65/100, there is a significant risk of increased turnover and vacancy periods, potentially impacting cash flow and overall investment returns.
