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 136 m², built in 2004. Located on rua António Onofre, 63, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Views: Enjoy unobstructed vistas from a quiet street; the apartment benefits from excellent natural light beginning at lunchtime, adding to its inviting ambiance.
The valuation. The asking price of €365,000 sits significantly above the fair value of €279,533, resulting in an overpricing of €85,467 (30.6%). This price discrepancy indicates that investors may face challenges in achieving desired returns. Buy-to-flip angle. Given the current valuation, a buy-to-flip strategy would require pricing the apartment competitively after necessary renovations, which could attract buyers despite the inflated initial asking price. Short-term gains seem limited unless substantial value can be added. Buy-to-let angle. With an estimated gross yield of 3.4%, generating approximately €1,034 monthly, this property could appeal to long-term tenants. However, the asking price makes achieving strong cash flow increasingly difficult, especially in a mixed neighborhood.
Fair value modelled at €279,533 from 6 comparable sales in the area. Asking €365,000 sits €85,467 (30.6%) above — overpriced versus fair value.
Asking €365,000 versus the rua António Onofre, 63 area baseline of €250,962 (€1,845/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €250,962, adjusted for condition and micro-location, gives a modelled fair value of €279,533 (€2,055/m²), a €85,467 (30.6%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Onofre, 63 | Subject | €365,000 | €2,684 | — | 72 | 56 |
| praceta Aldegalega S / N | Active | €150,000 | €1,596 | 40.5% | 68 | 58 |
| rua Dom Sancho I S / N | Active | €353,000 | €1,898 | 29.3% | 70 | 58 |
| Atalaia e Alto Estanqueiro-Jardia · 4202be | Active | €389,000 | €2,016 | 24.9% | 75 | 51 |
| Montijo e Afonsoeiro · ba3d4d | Active | €339,000 | €2,387 | 11.0% | 75 | 59 |
| Median comp | €346,000 | €1,957 | 27.1% | 73 | 58 |
Long-term rental The property is positioned in a peripheral rural-urban area with basic local infrastructure, making it less attractive for long-term rental opportunities. At a listing price of €365,000, which is 30.6% above fair value, the yield of 3.4% gross does not justify the investment. Buy-and-hold While the buy-and-hold strategy could provide steady income over time, the current sale price of €365,000 is significantly above its fair value of €279,533. This overpricing at a 30.6% gap undermines the potential returns expected from appreciation in value. Family rental Though the apartment can cater to families seeking rental options, the overpriced listing at €365,000 does not align with its location in a less desirable neighbourhood with a rating of only 56/100. The high purchase price further diminishes the appeal for family rentals as potential tenants may seek more affordable options elsewhere.
Inconsistent Economic and Tenant Stability The economic stability score at 55 indicates a potential for instability in market conditions, while a tenant stability score of 60 suggests moderate reliability, potentially leading to unexpected vacancies or rent delinquencies.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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