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 116 m² on the 2nd floor, built in 2006, energy rating D. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment includes an accessible attic directly above, enhancing storage options, and boasts natural light flooding the spacious social area, enriching daily living. Location: Strategically positioned near schools and essential services, offering convenience for families and investors alike.
The valuation. The asking price of €315,000 is significantly above the fair value of €273,472, representing an overprice of €41,528 (15.2%). This price does not reflect the intrinsic value of the property. Buy-to-flip angle. Given the current condition rating of 66/100, a resale strategy focused on value-add renovation could capture an increased market demand, particularly appealing to families looking for modernized spaces. Buy-to-let angle. With an estimated gross yield of 4.4%, the rental income strategy entails securing long-term tenants at approximately €1,155/month, aligning well with the demand for housing in this semi-urban sector.
Fair value modelled at €273,472 from 6 comparable sales in the area. Asking €315,000 sits €41,528 (15.2%) above — overpriced versus fair value.
Asking €315,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €269,668 (€2,325/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €269,668, adjusted for condition and micro-location, gives a modelled fair value of €273,472 (€2,358/m²), a €41,528 (15.2%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 190993 | Subject | €315,000 | €2,716 | — | 70 | 51 |
| rua Cidade de Beja S / N | Active | €289,900 | €2,319 | 14.6% | 75 | 54 |
| rua Mário Viegas, 17 | Active | €285,000 | €1,979 | 27.1% | 70 | 62 |
| avenida Dom Manuel L | Active | €275,000 | €3,056 | 12.5% | — | 52 |
| Montijo e Afonsoeiro · 937651 | Active | €307,500 | €2,278 | 16.1% | 68 | 58 |
| Median comp | €287,450 | €2,299 | 15.4% | 70 | 56 |
Long-term rental Given the property’s listing price of €315,000, it is overpriced compared to the fair value of €273,472, reflecting a 15.2% discrepancy. With a gross yield of 4.4%, the rental income may not justify the investment given the suboptimal neighborhood rating of 51/100. Buy-and-hold The Montijo e Afonsoeiro apartment is overpriced at €315,000 when its fair value stands at €273,472. This results in a diminished long-term appreciation potential, exacerbated by the area's average amenities and tenant quality, indicating a lack of strong capital growth prospects. Value-add renovation Investing in renovations for this apartment at a listing price of €315,000 is unwise since it is overpriced according to its fair value of €273,472. With a property condition score of 66/100, any potential value gained from renovations may not be sufficient to offset the initial overvaluation.
Moderate Economic Risk With an economic stability score of 55/100 and tenant stability at 50/100, there is a heightened risk of fluctuating income due to possible economic downturns affecting tenant retention and lease renewals.
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