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.
1-bedroom, 1-bathroom apartment of 66 m², built in 1974, energy rating D. Located on rua Álvares Cabral, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment uniquely includes a spacious 38 m² private outdoor area, ideal for hosting guests or creating a personal retreat in the heart of Montijo. Additional Note: The closed garage/storage room offers versatile potential as a workshop or studio, enhancing the property's appeal for creative use.
The valuation. The asking price of €190,000 exceeds the fair value of €164,876 by €25,124 (15.2%), marking this property as overpriced. Such a disparity indicates that potential buyers may need to negotiate more aggressively to find a reasonable price.
Fair value modelled at €164,876 from 6 comparable sales in the area. Asking €190,000 sits €25,124 (15.2%) above — overpriced versus fair value.
Asking €190,000 versus the rua Álvares Cabral area baseline of €174,225 (€2,640/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €174,225, adjusted for condition and micro-location, gives a modelled fair value of €164,876 (€2,498/m²), a €25,124 (15.2%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Álvares Cabral | Subject | €190,000 | €2,879 | — | 56 | 57 |
| Montijo e Afonsoeiro · 937398 | Active | €138,500 | €2,518 | 12.5% | 50 | 45 |
| rua Álvares Cabral | Active | €190,000 | €3,800 | 32.0% | 42 | 58 |
| Montijo e Afonsoeiro · ba5ad1 | Active | €265,000 | €2,366 | 17.8% | 70 | 49 |
| praceta Aldegalega S / N | Active | €150,000 | €1,596 | 44.6% | 68 | 58 |
| Median comp | €170,000 | €2,442 | 15.2% | 59 | 54 |
Long-term rental The property presents a gap of 15.2% above fair value, making it a questionable investment for long-term rental purposes. At a gross yield of 4.4%, potential returns may not justify the elevated entry cost. Buy-and-hold With a fair value assessment of €164,876, buying at €190,000 yields a 15.2% premium that detracts from the buy-and-hold strategy's viability. The mediocre condition rating of 58/100 also raises concerns about future capital appreciation. Family rental The property's pricing above fair value suggests limited upside for a family rental strategy, with a 4.4% yield that may not attract long-term tenants. Additionally, the neighborhood's moderate crime rates could deter families searching for secure living environments.
Potential for Tenant Turnover A combined economic and tenant stability score of 60/100 indicates a medium risk of tenant turnover, potentially leading to increased vacancies and 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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