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 165 m² on the 2nd floor, built in 2009, energy rating C. Located on praça Henrique Lopes de Mendonça, 211, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This property includes a designated parking space and additional storage, enhancing convenience and organization in everyday living.
The valuation. The asking price of €390,000 is positioned slightly above fair value at €383,988, reflecting a premium of €6,012, or 1.6%. This places the property at a fair valuation with potential for modest appreciation.
Fair value modelled at €383,988 from 6 comparable sales in the area. Asking €390,000 sits €6,012 (1.6%) above — overpriced versus fair value.
Asking €390,000 versus the praça Henrique Lopes de Mendonça, 211 area baseline of €323,846 (€1,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is above the parish average, lifting 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 €323,846, adjusted for condition and micro-location, gives a modelled fair value of €383,988 (€2,327/m²), a €6,012 (1.6%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Henrique Lopes de Mendonça, 211 | Subject | €390,000 | €2,364 | — | 70 | 47 |
| rua António Tavares Marques | Active | €365,000 | €2,267 | 4.1% | 74 | 54 |
| avenida Pedro Nunes, 745 | Active | €369,900 | €2,466 | 4.3% | 75 | 58 |
| rua Indústria Corticeira, 1 | Active | €340,000 | €1,932 | 18.3% | 74 | 50 |
| praça Dom Sebastião, 8 | Active | €425,000 | €2,500 | 5.8% | 74 | 65 |
| Median comp | €367,450 | €2,367 | 0.1% | 74 | 56 |
Long-term rental The property is positioned to deliver a gross yield of 4.2%, indicating a steady income potential in the current market. Despite its fair valuation, the neighborhood score of 47/100 reflects limited tenant quality, which may affect long-term rental demand. Value-add renovation With a condition score of 72/100, the apartment presents opportunities for renovations that could enhance its appeal and potentially increase rental income. Given the fair valuation and neighborhood characteristics, targeted improvements could be strategic in elevating the property's market position.
High Economic and Tenant Instability With an economic stability score of 35/100 and a tenant stability score of 50/100, there is a significant risk that fluctuating economic conditions could lead to high vacancy rates and unreliable rental income, impacting the property's overall profitability.
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