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.
2-bedroom, 1-bathroom apartment of 100 m², energy rating C. Located on urbanização do Cruzeiro, Atalaia e Alto Estanqueiro-Jardia parish, Montijo municipality, Setúbal district. The apartment features a cozy fireplace with heat recovery, enhancing energy efficiency while providing a warm ambiance during cooler months.
The valuation. The asking price of €290,000 sits just below the fair value of €294,236, indicating it is fairly priced within the market at a slight discount of €4,236 (1.4%). Buy-to-flip angle. A buy-to-flip strategy may yield profitability through cosmetic upgrades; however, the slight margin necessitates careful cost management to ensure positive returns on resale. Buy-to-let angle. With an estimated gross yield of 3.7%, renting at approximately €894 per month is a viable strategy, particularly given the property's high-quality finishes that attract tenants despite a mixed neighborhood score.
Fair value modelled at €294,236 from 6 comparable sales in the area. Asking €290,000 sits €4,236 (1.4%) below — the upside to fair value.
Asking €290,000 versus the urbanização do Cruzeiro area baseline of €273,153 (€2,732/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €273,153, adjusted for condition and micro-location, gives a modelled fair value of €294,236 (€2,942/m²), a €4,236 (1.4%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização do Cruzeiro | Subject | €290,000 | €2,900 | — | 70 | 52 |
| Atalaia e Alto Estanqueiro-Jardia · 4d45fe | Active | €420,000 | €2,727 | 6.0% | — | 48 |
| Montijo e Afonsoeiro · 4a7cfb | Active | €290,000 | €2,959 | 2.0% | 62 | 58 |
| rua Nónio | Active | €355,000 | €3,480 | 20.0% | 72 | 60 |
| rua Rui de Pina | Active | €295,000 | €2,757 | 4.9% | 70 | 45 |
| Median comp | €325,000 | €2,858 | 1.4% | 70 | 53 |
Long-term rental This 2-bed apartment in Atalaia e Alto Estanqueiro-Jardia presents a stable investment opportunity with a gross yield of 3.7%, aligning closely with its fair value of €294,236. Although the property is rated at 65/100 for condition and the neighborhood scores 52/100, the proximity to Setúbal enhances its long-term rental prospects due to demand for housing in this area. Buy-and-hold With a current listing price of €290,000, the apartment maintains a fair valuation, making it suitable for a buy-and-hold strategy. Given the modest appreciation potential reflected by the 1.4% gap from fair value, the property can benefit from long-term capital appreciation as demand develops in the region.
Tenant turnover risk High tenant turnover is likely given the low tenant stability score of 50/100, which could lead to increased vacancy rates and higher leasing costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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