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 104 m² on the 3rd floor, energy rating F. Located on rua das Papoilas, 2, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The apartment features a sunroom that enhances utility for laundry and storage, and is located in a quiet area just minutes away from essential amenities and public transport access.
The valuation. The asking price of €365,000 is significantly above the fair value of €185,904, representing an excessive premium of €179,096 (49.1%). Verdict: overpriced.
Fair value modelled at €185,904 from the area baseline, adjusted for condition and location. Asking €365,000 sits €179,096 (49.1%) above — overpriced versus fair value.
Asking €365,000 versus the rua das Papoilas, 2 area baseline of €290,784 (€2,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 60 · Economic 55 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
rua das Papoilas, 2
Area baseline €290,784 + condition +€1,300 + location +€5,724 = modelled fair value of €185,904 (€1,788/m²), a €179,096 (49.1%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Papoilas, 2 | Subject | €365,000 | €3,510 | — | 73 | 58 |
| rua João José Alves | Active | €265,000 | €2,880 | 17.9% | 80 | 79 |
| rua Cidade de Coimbra, 73 | Active | €300,000 | €3,529 | 0.6% | 68 | 58 |
| São Francisco · 4d4695 | Active | €385,000 | €3,080 | 12.2% | 72 | 56 |
| rua João Fernandes S / N | Active | €350,000 | €2,692 | 23.3% | 80 | 50 |
| Median comp | €325,000 | €2,980 | 15.1% | 76 | 57 |
Long-term rental The 3-bed apartment in Montijo e Afonsoeiro, priced at €365,000, is overpriced by 49.1% compared to its fair value of €185,904, leading to a modest gross yield of only 3.4%. Given the neighborhood's low score of 58/100, the long-term rental strategy may struggle to attract quality tenants and maximize returns. Value-add renovation Investing in this property for a value-add renovation is not advisable, as its current price already exceeds the fair value by a significant margin. With the apartment's condition rated at 76/100, any renovation efforts may not yield satisfactory returns in such a challenging market environment. Buy-and-hold The buy-and-hold strategy for this Montijo e Afonsoeiro apartment is unappealing due to the property being overpriced at €365,000, well above the fair value of €185,904. The 3.4% yield accompanied by a neighborhood rating of only 58/100 suggests that long-term appreciation may not justify the current investment cost.
Economic Vulnerability With an economic stability score of 55/100, the property faces a higher risk of experiencing economic downturns that could affect rental income and property value negatively. Tenant Instability Similarly, a tenant stability score of 55/100 indicates potential fluctuations in tenant occupancy, raising the risk of vacancy and associated costs.
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