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 106 m² on the 1st floor. Located on rua dos Combatentes da Grande Guerra, 60, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The apartment boasts a cozy fireplace in the living room and benefits from a private balcony and terrace, enhancing outdoor living space and relaxation options.**
The valuation. The asking price of €390,000 is 10.5% above the fair value of €353,038, indicating that the property is fairly priced given its features and location. Buy-to-flip angle. The potential strategy here would involve updating the bathrooms and potentially other areas to increase the overall appeal and resale value for a profitable flip. Buy-to-let angle. With an estimated rental income of €910/month, the gross yield stands at 2.8%, making this a viable option for long-term rental in a mixed neighborhood.
Fair value modelled at €353,038 from 6 comparable sales in the area. Asking €390,000 sits €36,962 (10.5%) above — overpriced versus fair value.
Asking €390,000 versus the rua dos Combatentes da Grande Guerra, 60 area baseline of €321,917 (€3,037/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €321,917, adjusted for condition and micro-location, gives a modelled fair value of €353,038 (€3,331/m²), a €36,962 (10.5%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Combatentes da Grande Guerra, 60 | Subject | €390,000 | €3,679 | — | 72 | 53 |
| avenida Eng. Duarte Pacheco, 51 | Active | €500,000 | €2,924 | 20.5% | 80 | 52 |
| Montijo e Afonsoeiro · 4a8081 | Active | €285,000 | €3,476 | 5.5% | 68 | 59 |
| Montijo e Afonsoeiro · f36607 | Active | €375,000 | €3,641 | 1.0% | 72 | 54 |
| Montijo e Afonsoeiro · 262136 | Active | €280,000 | €2,947 | 19.9% | 75 | 59 |
| Median comp | €330,000 | €3,212 | 12.7% | 74 | 57 |
Long-term rental The property in Montijo e Afonsoeiro offers a gross yield of 2.8%, which is acceptable within the context of the Setúbal District's moderate economic activity. Given the fair valuation, this strategy could provide consistent cash flow, albeit at a modest return. Buy-and-hold Investing in this apartment aligns with a buy-and-hold strategy, particularly as the fair value suggests stability in real estate prices. While the property is correctly valued, the market's potential for gradual appreciation could serve long-term investment objectives, albeit with limited immediate upside.
Tenant turnover risk With a tenant stability score of 60/100, there is a moderate risk of tenant turnover, potentially leading to increased vacancy rates and associated costs.
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