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, 2-bathroom apartment of 109 m², energy rating C. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment includes a central vacuum system and air conditioning in all rooms, enhancing comfort and convenience in daily living.
The valuation. The asking price of €340,000 sits significantly above the fair value of €265,628, representing an overvaluation of €74,372 (28.0%). This pricing does not align with market expectations and suggests a lack of competitiveness. Buy-to-flip angle. Implementing a buy-to-flip strategy would hinge on significant renovations or cosmetic updates to enhance appeal and justify a higher resale price. Targeting a market resale within 6-12 months could yield a profitable return. Buy-to-let angle. A monthly rental income of approximately €992 offers a gross yield of 3.5%, which may attract long-term tenants or families seeking stability. This strategy aims for steady cash flow while capitalizing on the location's proximity to Setúbal influences.
Fair value modelled at €265,628 from 6 comparable sales in the area. Asking €340,000 sits €74,372 (28.0%) above — overpriced versus fair value.
Asking €340,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €260,029 (€2,386/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 is below the parish average, reducing 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 €260,029, adjusted for condition and micro-location, gives a modelled fair value of €265,628 (€2,437/m²), a €74,372 (28.0%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 19f72c | Subject | €340,000 | €3,119 | — | 70 | 56 |
| rua António Fortunato de Sousa | Active | €282,500 | €2,478 | 20.6% | 70 | 64 |
| rua Rui de Pina, 76 | Active | €345,000 | €2,396 | 23.2% | 70 | 57 |
| rua Cidade de Beja S / N | Active | €289,900 | €2,319 | 25.6% | 75 | 54 |
| Montijo e Afonsoeiro · 956e5f | Active | €224,500 | €2,268 | 27.3% | 70 | 64 |
| Median comp | €286,200 | €2,358 | 24.4% | 70 | 61 |
Long-term rental This property is overpriced at €340,000, which is 28.0% above the fair value of €265,628 and leads to a relatively low gross yield of 3.5%. Given the housing condition score of 68/100 and a neighbourhood score of 56/100, long-term rental may not generate sufficient returns to justify the investment. Family rental The €340,000 price tag significantly exceeds the fair value of €265,628, resulting in a 28.0% gap that diminishes the appeal for family rentals. With a gross yield of only 3.5% and average neighbourhood amenities, this property is not positioned well to attract family tenants effectively. Buy-and-hold Investing in this property at €340,000, which sits 28.0% above the fair value of €265,628, may hinder future appreciation and overall returns. The subpar condition score of 68/100 and the neighbourhood's performance further indicate that a buy-and-hold strategy may likely lead to stagnation rather than growth.
Economic and Tenant Instability Risk: With an economic stability score of 55/100 and a tenant stability score of 60/100, this property faces increased risk of tenant turnover and potential income volatility.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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