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 apartment of 100 m² on the 1st floor, built in 1984, energy rating D. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The building offers a secure storage room on the top floor and boasts excellent natural light throughout the day with east to west exposure.
The valuation. The asking price of €279,000 sits 2.0% above the fair value of €273,656, indicating that it is fairly priced in the market. This slight premium reflects the property's average condition and mixed neighborhood ratings.
Fair value modelled at €273,656 from 6 comparable sales in the area. Asking €279,000 sits €5,344 (2.0%) above — overpriced versus fair value.
Asking €279,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €305,122 (€3,051/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 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 €305,122, adjusted for condition and micro-location, gives a modelled fair value of €273,656 (€2,737/m²), a €5,344 (2.0%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 1908e1 | Subject | €279,000 | €2,790 | — | 42 | 45 |
| Montijo e Afonsoeiro · 937398 | Active | €138,500 | €2,518 | 9.7% | 50 | 45 |
| rua Álvares Cabral | Active | €190,000 | €2,879 | 3.2% | 56 | 57 |
| praça de Touros | Active | €275,000 | €2,594 | 7.0% | 60 | 69 |
| Montijo e Afonsoeiro · dbd47d | Active | €220,000 | €3,284 | 17.7% | 45 | 55 |
| Median comp | €205,000 | €2,737 | 1.9% | 53 | 56 |
Long-term rental The property offers a fair value assessment of €273,656, with a listing price of €279,000 resulting in a gap of only 2.0%. With a gross yield of 3.7%, it may attract stable long-term tenants despite being situated in an area with moderate demand and basic amenities requiring car access. Value-add renovation Given the current condition rating of 48/100 and neighborhood's 45/100, there is potential for value-add renovation, albeit the property is currently priced fairly at €279,000. Enhancements may improve both tenant quality and demand, aligning with the property's fair value while ensuring that any renovations address the local market's needs.
Economic Vulnerability: With an economic stability score of 50/100 and tenant stability score of 40/100, there is a significant risk that fluctuating economic conditions and high tenant turnover could lead to inconsistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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