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 160 m², built in 2025, energy rating B. Located Porto Covo parish, Sines municipality, Setúbal district. This apartment uniquely offers access to a private garden and pool, ideal for outdoor relaxation and entertainment, adding significant value to its attractive location in Porto Covo.
The valuation. The asking price of €615,000 is slightly above the fair value of €598,494, representing a difference of €16,506, or 2.8%. This positions the property as fairly priced within the current market.
Fair value modelled at €598,494 from 6 comparable sales in the area. Asking €615,000 sits €16,506 (2.8%) above — overpriced versus fair value.
Asking €615,000 versus the Porto Covo, Sines, Setúbal area baseline of €410,052 (€2,563/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €410,052, adjusted for condition and micro-location, gives a modelled fair value of €598,494 (€3,741/m²), a €16,506 (2.8%) gap versus the €615,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porto Covo · 4a45a2 | Subject | €615,000 | €3,844 | — | 80 | 46 |
| Porto Covo · 6d5151 | Active | €550,000 | €2,973 | 22.7% | 80 | 48 |
| Porto Covo · 90d8c7 | Active | €1,100,000 | €4,508 | 17.3% | 75 | 39 |
| Porto Covo · 8ee7eb | Active | €980,000 | €5,052 | 31.4% | 73 | 45 |
| Porto Covo · 25f8bd | Active | €850,000 | €2,623 | 31.7% | — | 43 |
| Median comp | €915,000 | €3,741 | 2.7% | 75 | 44 |
Long-term rental The property's current yield of 0% indicates that it may not be suitable for long-term rental opportunities in a rural setting like Porto Covo, where demand is limited. Additionally, with a neighborhood rating of 46/100, potential tenant quality may be below desirable standards, making sustained occupancy less certain. Value-add renovation While the apartment's condition rating of 83/100 suggests decent livability, there may be opportunities for improvements that could enhance appeal and future value. However, given the current market gap of only 2.8% below fair value, the potential return on investment through renovations may be limited.
Economic Vulnerability The low economic stability score of 30/100 indicates a high risk of local market downturns that could adversely affect property value and 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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