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 120 m² on the 2nd floor, built in 2001, energy rating C. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Located within walking distance of essential amenities, this apartment offers a rare combination of spaciousness with two balconies that provide unobstructed views and abundant natural light.
The valuation. The asking price of €450,000 is significantly above fair value, with a discrepancy of €103,016 (29.7%). This property is therefore considered overpriced. Buy-to-flip angle. A buy-to-flip strategy would be challenging due to the current high asking price, requiring substantial market appreciation to achieve desirable profit margins. Buy-to-let angle. Given the estimated rental income of €1,238/month, the gross yield stands at 3.3%, making it a relatively modest investment for long-term rental in the area.
Fair value modelled at €346,984 from 6 comparable sales in the area. Asking €450,000 sits €103,016 (29.7%) above — overpriced versus fair value.
Asking €450,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €309,917 (€2,583/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €309,917, adjusted for condition and micro-location, gives a modelled fair value of €346,984 (€2,892/m²), a €103,016 (29.7%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 86cd2b | Subject | €450,000 | €3,750 | — | 82 | 56 |
| rua do Freixo | Active | €399,600 | €2,629 | 29.9% | 75 | 53 |
| praça da Concórdia, 273 | Active | €420,000 | €2,857 | 23.8% | 73 | 49 |
| Montijo e Afonsoeiro · da4616 | Active | €369,000 | €3,209 | 14.4% | 72 | 55 |
| avenida Amália Rodrigues, 131 | Active | €397,000 | €2,836 | 24.4% | 78 | 57 |
| Median comp | €398,300 | €2,847 | 24.1% | 74 | 54 |
Long-term rental Given the current listing price of €450,000, the property is overpriced compared to the fair value of €346,984, resulting in a 29.7% gap. The gross yield of 3.3% in a neighbourhood rated 56/100 suggests that potential returns may not justify the investment, especially in a primarily rural area with limited urban development. Buy-and-hold Investing in this 3-bed apartment as a long-term hold appears unwise due to its overpriced status and a significant valuation gap of 29.7%. While the condition is rated 79/100, the location's rural focus and limited amenities may hinder substantial appreciation in value over time.
Increased Vacancy Risk Low economic stability score of 40/100 combined with a tenant stability score of 55/100 may lead to higher vacancy rates, as potential tenants may be deterred by the economic outlook.
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