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 134 m² on the 4th floor, built in 2004, energy rating D. Located on rua José de Almada Negreiros, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This modern apartment includes a fully equipped kitchen with lacquered cabinets and a stone countertop, enhancing both functionality and aesthetic appeal within a stylish layout.
The valuation. The asking price of €320,000 represents a fair value assessment, sitting slightly below the fair value of €334,241 by €14,241 (4.3%). This indicates that the property is adequately priced given the current market conditions.
Fair value modelled at €334,241 from 6 comparable sales in the area. Asking €320,000 sits €14,241 (4.3%) below — the upside to fair value.
Asking €320,000 versus the rua José de Almada Negreiros area baseline of €288,310 (€2,152/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €288,310, adjusted for condition and micro-location, gives a modelled fair value of €334,241 (€2,494/m²), a €14,241 (4.3%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José de Almada Negreiros | Subject | €320,000 | €2,388 | — | 78 | 53 |
| rua Aquilino Ribeiro, 42 | Active | €385,000 | €2,601 | 8.9% | 75 | 54 |
| avenida D. João | Active | €457,000 | €2,344 | 1.9% | 74 | 51 |
| rua Rui de Pina | Active | €315,000 | €2,647 | 10.8% | 75 | 56 |
| rua António Onofre, 63 | Active | €365,000 | €2,684 | 12.4% | 72 | 56 |
| Median comp | €375,000 | €2,624 | 9.9% | 75 | 55 |
Value-add renovation The property provides an opportunity for value-add renovations, as the current condition is rated at 80/100. This strategy could enhance the overall value and appeal of the apartment within the competitive Montijo market. Long-term rental With a gross yield of 5%, this property is positioned to generate consistent cash flow through long-term rentals. However, the average neighbourhood rating of 53/100 indicates there may be limitations in tenant quality and demand sustainability. Buy-and-hold As the property is currently priced fairly at €320,000, it is a reasonable buy-and-hold investment but may not appreciate significantly due to the mixed zone characteristics and low premium appeal. Investors should be aware that while the gap to fair value is only 4.3%, this could indicate limited room for future growth. Not ideal for luxury market The apartment’s features and location do not align with luxury market expectations, limiting its potential in this segment. Buyers seeking high-end investments may find more suitable options elsewhere. Not ideal for short-term vacation rental The mixed zone and average neighbourhood amenities do not cater to the demands of short-term vacation rental markets. This property may struggle to attract the transient clientele typically drawn to more premium locations. Not ideal for student housing Given the neighbourhood's overall quality rating and lack of robust amenities, this property is not well-suited for the student housing market. It may face challenges in attracting and retaining student tenants due to the less competitive environment.
Tenant turnover risk High tenant turnover is likely due to a low tenant stability score of 50/100, which could lead to increased vacancy rates and associated costs for the property owner.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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