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 114 m² on the 1st floor, built in 2008, energy rating D. Located on rua das Naus, 14, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. This apartment features two private balconies allowing for outdoor relaxation, and a storage room providing extra space for belongings, enhancing the overall functionality of the living area.
The valuation. The asking price of €290,000 sits €19,564 (7.2%) above the fair value of €270,436, indicating that it is priced at fair value. This aligns with the overall assessment of the property market in the area.
Fair value modelled at €270,436 from 6 comparable sales in the area. Asking €290,000 sits €19,564 (7.2%) above — overpriced versus fair value.
Asking €290,000 versus the rua das Naus, 14 area baseline of €261,498 (€2,294/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €261,498, adjusted for condition and micro-location, gives a modelled fair value of €270,436 (€2,372/m²), a €19,564 (7.2%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Naus, 14 | Subject | €290,000 | €2,544 | — | 70 | 57 |
| Montijo e Afonsoeiro · 19f433 | Active | €135,000 | €2,143 | 15.8% | — | 58 |
| praceta Aldegalega S / N | Active | €150,000 | €1,596 | 37.3% | 68 | 58 |
| rua António Onofre, 63 | Active | €365,000 | €2,684 | 5.5% | 72 | 56 |
| Montijo e Afonsoeiro · f5ec7a | Active | €135,000 | €2,143 | 15.8% | — | 48 |
| Median comp | €142,500 | €2,143 | 15.8% | 70 | 57 |
Long-term rental The property in Montijo e Afonsoeiro offers a gross yield of 3.4%, which aligns with reasonable expectations for long-term rental investments in the area. Given the fair valuation at €290,000 and the proximity to Lisbon, the investment could appeal to a stable tenant base seeking suburban living while maintaining access to urban employment. Family rental With a good condition score of 67/100 and a suitable size of 114m², this two-bedroom apartment is a solid choice for family rentals in Setúbal. The local characteristics, including lower crime rates and access to amenities, further enhance its appeal to families looking for long-term accommodation. Buy-and-hold This property is positioned well for a buy-and-hold strategy, given its fair valuation and potential for rental income within a mixed industrial and suburban context. The steady demand from families and the resilience of Montijo’s real estate market suggest that holding this investment could yield stable returns over time.
Potential Tenant Turnover The economic stability score of 60 and tenant stability score of 60 indicate potential challenges in retaining tenants, which may lead to increased vacancy rates and turnover costs.
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