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 185 m², built in 2025, energy rating A. Located Porto Covo parish, Sines municipality, Setúbal district. This property features a private rooftop terrace with a swimming pool, offering stunning views of the surrounding landscape, perfect for relaxation and entertaining.
The valuation. The asking price of €680,000 sits slightly below the fair value of €692,008, reflecting a difference of €12,008 (1.7%). This property can be considered fairly priced in the current market. Buy-to-flip angle. With a condition rating of 85/100, targeting a renovation value-add could enhance the property's appeal, maximizing resale opportunities. The attractive finishes provide an excellent foundation for a profitable flip strategy. Buy-to-let angle. Given the current gross yield of 0%, a strategic rental approach focusing on long-term tenants might be prudent. The rural location offers a stable rental market, albeit with limited school infrastructure.
Fair value modelled at €692,008 from 6 comparable sales in the area. Asking €680,000 sits €12,008 (1.7%) below — the upside to fair value.
Asking €680,000 versus the Porto Covo, Sines, Setúbal area baseline of €461,083 (€2,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €461,083, adjusted for condition and micro-location, gives a modelled fair value of €692,008 (€3,741/m²), a €12,008 (1.7%) gap versus the €680,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porto Covo · 4a45e6 | Subject | €680,000 | €3,676 | — | 80 | 48 |
| Porto Covo · 6d5151 | Active | €550,000 | €2,973 | 19.1% | 80 | 48 |
| Porto Covo · 90d8c7 | Active | €1,100,000 | €4,508 | 22.6% | 75 | 39 |
| Porto Covo · 8ee7eb | Active | €980,000 | €5,052 | 37.4% | 73 | 45 |
| Porto Covo · 25f8bd | Active | €850,000 | €2,623 | 28.6% | — | 43 |
| Median comp | €915,000 | €3,741 | 1.8% | 75 | 44 |
Long-term rental The property in Porto Covo offers no gross yield and is situated in a rural area with limited school infrastructure, impacting its attractiveness for long-term tenants. Despite its good condition, the neighborhood rating of 48/100 suggests lower tenant quality and economic prospects, confirming its alignment with the determined fair valuation. Value-add renovation With a high condition score of 85/100, the apartment has a solid base for potential value-add renovations; however, the 1.7% gap to fair value indicates it's not a prime candidate for significant appreciation. While upgrades could enhance its appeal, the rural setting and neighborhood challenges limit overall investment returns. Not ideal for luxury market Due to the property’s rural context and the limited appeal of the surrounding amenities, it is not suited for positioning in the luxury market. The price of €680,000 does not reflect a compelling luxury value proposition in the current location. Not ideal for student housing The low neighborhood rating and limited school infrastructure highlight the unsuitability of this apartment for student housing. Given that the property is priced at €680,000, which aligns closely with its fair market value, it does not offer a strategic advantage for attracting this demographic.
Low Economic Resilience The property faces significant investment risk due to a low economic stability score of 35/100, indicating potential instability in local economic conditions that could affect rent and occupancy rates.
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