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.
1-bedroom, 1-bathroom apartment of 51 m² on the 3rd floor, built in 2004, energy rating C. Located on avenida Pedro Nunes, 658, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. This apartment’s third-floor position ensures ample natural light throughout the day and provides residents a sense of privacy while maintaining easy access to essential urban amenities.
The valuation. The asking price of €235,000 is significantly above fair value, which stands at €161,358, presenting an overpriced situation by €73,642 or 45.6%. This raises concerns for potential investors. Buy-to-flip angle. With renovation costs expected to be low due to above-average quality materials, there is potential for a buy-to-flip strategy, although the current high asking price poses challenges in achieving desirable profit margins. Buy-to-let angle. The estimated rental income of €685 per month results in a gross yield of 3.5%. While this offers some return, the limited demand and amenities in this semi-rural setting may impact long-term rental viability.
Fair value modelled at €161,358 from 6 comparable sales in the area. Asking €235,000 sits €73,642 (45.6%) above — overpriced versus fair value.
Asking €235,000 versus the avenida Pedro Nunes, 658 area baseline of €159,074 (€3,119/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 €159,074, adjusted for condition and micro-location, gives a modelled fair value of €161,358 (€3,164/m²), a €73,642 (45.6%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Pedro Nunes, 658 | Subject | €235,000 | €4,608 | — | 70 | 52 |
| urbanização do Cruzeiro | Active | €290,000 | €2,900 | 37.1% | 70 | 52 |
| rua Luís Calado Nunes | Active | €265,000 | €3,397 | 26.3% | 70 | 64 |
| Montijo e Afonsoeiro · be9335 | Active | €230,000 | €3,194 | 30.7% | 70 | 68 |
| Atalaia e Alto Estanqueiro-Jardia · 4d45fe | Active | €420,000 | €2,727 | 40.8% | — | 48 |
| Median comp | €277,500 | €3,047 | 33.9% | 70 | 58 |
Long-term rental The property’s listing price of €235,000 is significantly above its fair value of €161,358, confirming that it is overpriced by 45.6%. With a gross yield of only 3.5% and a neighbourhood rating of 52/100, the long-term rental strategy may struggle to attract tenants, hindering potential cash flow. Family rental At a listing price of €235,000, this property is overpriced when considering its fair value of €161,358, indicating a gap of 45.6%. The limited basic amenities and low school infrastructure in this semi-rural area suggest that it may not be a desirable option for families looking to rent. Buy-and-hold The property’s fair value of €161,358 highlights that the current listing price of €235,000 results in it being overpriced by 45.6%. With a condition score of 66/100 and a low yield of 3.5%, holding this property for the long term may yield disappointing returns for investors.
Weak Economic Stability There is a significant risk due to a low economic stability score of 40/100, which suggests potential challenges in maintaining rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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