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 141 m², built in 1999, energy rating C. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Feature: Each room's independent plumbing simplifies future repairs and potential leak detection in this meticulously renovated apartment, enhancing comfort and durability.
The valuation. The asking price of €359,000 is significantly above the fair value of €257,021, by €101,979 or 28.4%. This indicates that the property is overpriced in the current market context.
Fair value modelled at €257,021 from the area baseline, adjusted for condition and location. Asking €359,000 sits €101,979 (28.4%) above — overpriced versus fair value.
Asking €359,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €394,236 (€2,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 57/100 (Housing Market 55 · Amenities 55 · Economic 60 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Montijo e Afonsoeiro, Montijo, Setúbal
Area baseline €394,236 + condition +€7,711 + location +€6,791 = modelled fair value of €257,021 (€1,823/m²), a €101,979 (28.4%) gap versus the €359,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · b7c26d | Subject | €359,000 | €2,546 | — | 75 | 57 |
| avenida Pedro Nunes, 745 | Active | €369,900 | €2,466 | 3.1% | 75 | 58 |
| rua António Tavares Marques | Active | €365,000 | €2,267 | 11.0% | 74 | 54 |
| praça Dom Sebastião, 8 | Active | €425,000 | €2,500 | 1.8% | 74 | 65 |
| rua Rui de Pina, 76 | Active | €345,000 | €2,396 | 5.9% | 70 | 57 |
| Median comp | €367,450 | €2,431 | 4.5% | 74 | 58 |
Long-term rental The property is overpriced at €359,000, significantly exceeding the fair value of €257,021, which could limit potential rental yields. With a gross yield of only 3.3%, the investment does not offer sufficient returns in comparison to the associated costs and risks. Value-add renovation While the apartment has a decent condition score of 79/100, the substantial gap between its listing price and fair value makes any renovation strategy less compelling. Investors should be cautious, as the current price may not allow for a profitable return on renovation investments. Buy-and-hold Given the overpriced listing compared to fair value, holding onto this property for long-term appreciation is questionable, especially with the economic pressures in Montijo. The 57/100 neighborhood score indicates that tenant demand may be limited, further complicating the buy-and-hold strategy's appeal.
Economic Volatility Risk The property may face financial instability due to an economic stability score of 60/100, indicating potential fluctuations in the economic environment affecting rental income. Tenant Default Risk A tenant stability score of 55/100 raises concerns about the likelihood of tenant defaults, which may lead to increased vacancy rates and loss of income.
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