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, 1-bathroom apartment of 94 m², built in 2003, energy rating D. Located on praça dos Descobrimentos, 179, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Stunning views from the high ground floor enhance the natural light, while air conditioning in all rooms ensures year-round comfort in this meticulously renovated apartment.
The valuation. The asking price of €350,000 is significantly above the fair value of €168,469, making it overpriced by €181,531 (51.9%). This discrepancy suggests potential challenges in achieving a successful sale without price adjustments.
Fair value modelled at €168,469 from the area baseline, adjusted for condition and location. Asking €350,000 sits €181,531 (51.9%) above — overpriced versus fair value.
Asking €350,000 versus the praça dos Descobrimentos, 179 area baseline of €262,824 (€2,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
praça dos Descobrimentos, 179
Area baseline €262,824 + condition +€1,616 + location +€5,174 = modelled fair value of €168,469 (€1,792/m²), a €181,531 (51.9%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça dos Descobrimentos, 179 | Subject | €350,000 | €3,723 | — | 74 | 58 |
| rua Jorge de Sena, 197 | Active | €267,000 | €3,985 | 7.0% | 75 | 59 |
| rua Gomes Eanes de Azurara, 8 | Active | €325,000 | €2,600 | 30.2% | 73 | 46 |
| Montijo e Afonsoeiro · f36607 | Active | €375,000 | €3,641 | 2.2% | 72 | 54 |
| Montijo e Afonsoeiro · 262136 | Active | €280,000 | €2,947 | 20.8% | 75 | 59 |
| Median comp | €302,500 | €3,294 | 11.5% | 74 | 57 |
Long-term rental The property in Montijo e Afonsoeiro, with a yield of 3.6%, does not meet the criteria for a lucrative long-term rental investment given its significant gap of 51.9% above fair value. Additionally, the neighborhood's low quality rating of 58/100 suggests limited tenant appeal and potential rental instability. Buy-and-hold Holding onto this property as a buy-and-hold investment is unadvisable due to its overpriced listing at €350,000, significantly exceeding the fair value of €168,469. The suburban nature and reduced neighbor quality further hamper the investment’s potential for long-term appreciation and profitability.
Tenant turnover risk The combination of a tenant stability score of 60/100 suggests potential high turnover, which could lead to increased vacancy rates and costs.
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