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.
4-bedroom, 2-bathroom country_house of 240 m². Located Melides parish, Grândola municipality, Setúbal district. Noteworthy Features: The property boasts unobstructed panoramic views of the Atlantic Ocean and is located within a developing tourism corridor, enhancing its investment potential.
The valuation. The asking price of €1,430,000 is significantly below its fair value of €2,129,825, representing an undervaluation of €699,825 (32.9%). This positions the property as an attractive investment opportunity. Buy-to-flip angle. With a value-add renovation strategy, the intent would be to upgrade the basic finishes to enhance appeal and justify a higher resale price, targeting a quick turnaround in the flourishing Melides market. Buy-to-let angle. Given the rural location and the current condition rating of 30/100, a buy-and-hold strategy focusing on long-term rental would leverage potential demand for country houses, even if gross yield currently stands at 0%.
Fair value modelled at €2,129,825 from 6 comparable sales in the area. Asking €1,430,000 sits €699,825 (32.9%) below — the upside to fair value.
Asking €1,430,000 versus the Melides, Grândola, Setúbal area baseline of €2,202,288 (€9,176/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 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 €2,202,288, adjusted for condition and micro-location, gives a modelled fair value of €2,129,825 (€8,874/m²), a €699,825 (32.9%) gap versus the €1,430,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Melides · 831500 | Subject | €1,430,000 | €5,958 | — | 28 | 49 |
| Melides · 15e278 | Active | €260,000 | €2,600 | 56.4% | 45 | 39 |
| Melides · 483a04 | Active | €1,500,000 | €15,306 | 156.9% | — | 42 |
| Melides · b7b641 | Active | €525,000 | €5,526 | 7.3% | — | 44 |
| Melides · 23f3d1 | Active | €950,000 | €3,545 | 40.5% | — | 48 |
| Median comp | €737,500 | €4,536 | 23.9% | 45 | 43 |
Long-term rental This property presents a significant opportunity for long-term rental due to its advantageous gap of 32.9% below fair value, making it a compelling asset in a rural area. Nevertheless, the lack of yield and below-average condition score of 30/100 may pose challenges in attracting higher-quality tenants. Buy-and-hold Given the substantial difference between the listing price and fair value, this property could serve as a solid buy-and-hold investment for those looking to capitalize on potential appreciation in this rural market. However, with a neighbourhood rating of 49/100, future value growth may depend on broader economic developments in the region. Value-add renovation The current condition rating of 30/100 indicates substantial room for improvement, making this property a fitting candidate for a value-add renovation strategy. Enhancements could elevate its marketability and align it closer to its fair value of €2,129,825, potentially unlocking significant returns on investment.
Economic Vulnerability With an economic stability score of 35/100, there is a significant risk that economic downturns could lead to increased vacancy rates and reduced 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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