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 185 m², built in 2026, energy rating A. Located Porto Covo parish, Sines municipality, Setúbal district. Property Features: The rooftop terrace offers stunning views and a private swimming pool, enhancing the outdoor living experience in this modern apartment near the Alentejo Coast.
The valuation. The asking price of €560,000 is notable compared to the fair value of €711,094, indicating that this property is undervalued by €151,094 (21.2%). This presents a compelling opportunity for investors seeking value. Buy-to-flip angle. A resale strategy focused on home renovations and targeted marketing could yield considerable profits, capitalizing on the property’s quality finishes and strong location potential. Investors might envision a rapid turnover at a significant markup due to favorable market conditions. Buy-to-let angle. The rental income strategy could involve positioning the property as a family rental, appealing to long-term tenants. Despite the current gross yield of 0%, the high-quality interior and lower rural crime rates may attract stable, long-term leases.
Fair value modelled at €711,094 from 5 comparable sales in the area. Asking €560,000 sits €151,094 (21.2%) below — the upside to fair value.
Asking €560,000 versus the Porto Covo, Sines, Setúbal area baseline of €515,634 (€2,787/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 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 €515,634, adjusted for condition and micro-location, gives a modelled fair value of €711,094 (€3,844/m²), a €151,094 (21.2%) gap versus the €560,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porto Covo · 38b6ba | Subject | €560,000 | €3,027 | — | 85 | 48 |
| Porto Covo · 4a459c | Active | €650,000 | €3,457 | 14.2% | 85 | 46 |
| Porto Covo · 4a45e6 | Active | €680,000 | €3,676 | 21.4% | 80 | 48 |
| Porto Covo · 4a45ca | Active | €600,000 | €4,167 | 37.6% | 82 | 45 |
| Porto Covo · 4a45a2 | Active | €615,000 | €3,844 | 27.0% | 80 | 46 |
| Median comp | €632,500 | €3,760 | 24.2% | 81 | 46 |
Long-term rental This 3-bed apartment in Porto Covo, priced at €560,000, presents a compelling opportunity for long-term rental given its fair value assessment of €711,094, indicating a gap of 21.2%. The property is in good condition with a score of 87/100, making it appealing for families seeking a spacious residence despite the low yield of 0%. Family rental With a fair value significantly higher than the listing price, this apartment is well-suited for family rental in a tranquil rural setting, benefiting from Portugal's low crime rates. While the neighborhood score of 48/100 indicates some challenges, the overall condition of the apartment provides a solid foundation for family living in a peaceful environment.
Economic Volatility Risk The economic stability score of 40 indicates a high level of economic uncertainty that may adversely affect property values and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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