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.
4-bedroom, 2-bathroom apartment of 150 m² on the 4th floor, energy rating D. Located Sines parish, Sines municipality, Setúbal district. Noteworthy Features: The apartment's two entrances facilitate easy movement and privacy, while the organized condominium enhances community living with shared amenities and a harmonious environment.
The valuation. The asking price of €435,000 is significantly above the fair value of €375,000, sitting €60,000 higher (16.0%). This property is overpriced and may not attract buyers looking for value. Buy-to-flip angle. The resale strategy aims to capitalize on potential renovations; however, the current state, with a condition score of 65/100, may limit immediate gains. A focus on value-add renovations could improve return on investment. Buy-to-let angle. The rental income strategy projects a gross yield of 6.7%, with estimated monthly rent around €2,429. Given the rural Alentejo location, securing long-term tenants could provide stable income, albeit with potential vacancy risks.
Fair value modelled at €375,000 from 5 comparable sales in the area. Asking €435,000 sits €60,000 (16.0%) above — overpriced versus fair value.
Asking €435,000 versus the Sines, Sines, Setúbal area baseline of €336,532 (€2,244/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 €336,532, adjusted for condition and micro-location, gives a modelled fair value of €375,000 (€2,500/m²), a €60,000 (16.0%) gap versus the €435,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Sines · 467f1a | Subject | €435,000 | €2,900 | — | 68 | 39 |
| Sines · 49b942 | Active | €270,000 | €3,803 | 31.1% | 70 | 46 |
| Sines · dee60f | Active | €150,000 | €1,765 | 39.1% | 60 | 50 |
| Sines · 4a7d6d | Active | €475,000 | €2,500 | 13.8% | 75 | 49 |
| Sines · 4bc639 | Active | €175,000 | €2,397 | 17.3% | — | 46 |
| Median comp | €222,500 | €2,449 | 15.6% | 70 | 48 |
Long-term rental The property is overpriced at €435,000, exceeding the fair value of €375,000 by 16.0%. Given the low neighbourhood rating of 39/100 and limited economic activities, securing reliable long-term tenants may prove challenging. Value-add renovation While the apartment has potential for value-add renovation, the current listing price indicates it is overpriced at €435,000 compared to a fair value of €375,000. Improvements could enhance its 65/100 condition, but the gap in valuation limits immediate investment appeal. Not ideal for The property is not suitable for short-term rental or student housing due to its rural location and lack of nearby amenities that attract transient tenants. Additionally, it does not align with the expectations of the luxury market given its current condition and neighbourhood profile.
Low Demand Risk The economic stability score of 30/100 and tenant stability score of 40/100 indicate a weak market demand, increasing the risk of prolonged vacancies and decreased rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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