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, 1-bathroom house of 53 m², energy rating D. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The property includes a backyard and terrace, perfect for outdoor leisure, along with significant renovation potential in a prime central location of Montijo.
The valuation. The asking price of €199,000 is €42,015, or 26.8%, above the fair value of €156,985. This indicates that the property is overpriced. Buy-to-flip angle. A buy-to-flip strategy may struggle as the asking price is high, requiring significant upgrades to realize a profit at resale. Short-term gains appear challenging under current conditions. Buy-to-let angle. With an estimated gross yield of 4.5% at ~€746/month, the property offers income potential; however, the initial investment exceeds the fair valuation, impacting overall cash flow viability.
Fair value modelled at €156,985 from 6 comparable sales in the area. Asking €199,000 sits €42,015 (26.8%) above — overpriced versus fair value.
Asking €199,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €172,751 (€3,259/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 51/100 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 €172,751, adjusted for condition and micro-location, gives a modelled fair value of €156,985 (€2,962/m²), a €42,015 (26.8%) gap versus the €199,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 622b15 | Subject | €199,000 | €3,755 | — | 48 | 55 |
| Montijo e Afonsoeiro · 28ba28 | Active | €478,000 | €3,734 | 0.5% | 56 | 55 |
| Montijo e Afonsoeiro · 0239b4 | Active | €275,000 | €3,056 | 18.6% | — | 58 |
| Montijo e Afonsoeiro · 6d51d2 | Active | €299,900 | €2,026 | 46.0% | 42 | 57 |
| Montijo e Afonsoeiro · 6c7b16 | Active | €420,000 | €8,400 | 123.7% | — | 60 |
| Median comp | €359,950 | €3,395 | 9.6% | 49 | 58 |
Long-term rental The property’s gross yield of 4.5% demonstrates potential for some income generation; however, at €199,000, it is overpriced compared to the fair value of €156,985. Combine this with a condition score of 51/100 and a neighborhood score of 55/100, it may deter long-term tenants seeking better quality housing. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield limited appreciation potential, given its current price is 26.8% above fair value. The mixed urban and industrial influences in Montijo e Afonsoeiro may not support significant price growth in the foreseeable future. Value-add renovation While value-add renovations could enhance the property's condition and local appeal, it remains overpriced by 26.8% relative to its fair value of €156,985. A renovation may improve cash flow, but the initial investment may not justify the potential limited returns amidst the current valuation.
Economic and Tenant Instability Risk With an economic stability score of 60 and a tenant stability score of 50, there is a heightened risk of fluctuating rental income and potential vacancies, which could adversely impact overall property performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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