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 123 m² on the 3rd floor, energy rating C. Located Alcochete parish, Alcochete municipality, Setúbal district. Noteworthy Features: This apartment includes two pleasant balconies that provide outdoor access and additional natural light, enhancing the living experience with views over the surrounding area.
The valuation. The asking price of €450,000 is significantly above the fair value of €374,009, representing an overpriced situation by €75,991 (20.3%). This disparity suggests potential challenges in securing a return on investment at this price point.
Fair value modelled at €374,009 from 6 comparable sales in the area. Asking €450,000 sits €75,991 (20.3%) above — overpriced versus fair value.
Asking €450,000 versus the Alcochete, Alcochete, Setúbal area baseline of €362,381 (€2,946/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €362,381, adjusted for condition and micro-location, gives a modelled fair value of €374,009 (€3,041/m²), a €75,991 (20.3%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alcochete · 65307a | Subject | €450,000 | €3,659 | — | 74 | 53 |
| alameda do Tejo | Active | €365,000 | €2,433 | 33.5% | 72 | 53 |
| rua Futebol Clube de São Francisco, 110 | Active | €495,000 | €2,250 | 38.5% | 74 | 54 |
| Alcochete · ba5ab2 | Active | €346,000 | €3,295 | 9.9% | 70 | 54 |
| rua Estevão Rodrigues | Active | €370,000 | €3,190 | 12.8% | 75 | 55 |
| Median comp | €367,500 | €2,812 | 23.2% | 73 | 54 |
Long-term rental The property at €450,000 is overpriced, sitting 20.3% above the fair value of €374,009, making it less appealing for long-term rental strategies. The gross yield of 3.1% is low, particularly given the 53/100 neighborhood score, indicating potential challenges in attracting reliable tenants in a rural area dominated by agriculture and small industries. Buy-and-hold With a significant gap from the fair value, holding this property for the long term may not be prudent, as appreciation in this rural area is likely to lag. The low yield and neighborhood rating indicate that while long-term ownership may seem tempting, the financial returns may not justify the investment at this price point. Value-add renovation Given the current condition rating of 78/100 and the pricing that exceeds fair market value, any renovation efforts may not result in a sufficient increase in property value to warrant the upfront cost. Additionally, the 20.3% gap from fair value suggests that the renovation investment could lead to further financial losses rather than enhance the property's appeal in a challenging market. Not ideal for: Short-term vacation rental, Student housing, Luxury market
Weak Economic Environment Due to an economic stability score of 35/100, there is a significant risk of declining property values and tenant turnover in the area.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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