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 112 m², energy rating D. Located Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Nearby amenities include parks and football fields, providing ample recreational opportunities for families with children in a tranquil residential neighborhood.
The valuation. The asking price of €389,000 sits €32,727 (9.2%) above the fair value of €356,273, indicating that while this property is priced fairly, it does not offer significant room for negotiation. Buy-to-flip angle. With strategic renovations targeting kitchen and bath upgrades, resale after a short-term hold could capture a premium market price, leveraging the growing appeal of Montijo e Afonsoeiro. Buy-to-let angle. Given an estimated monthly rental income of €1,167 and a gross yield of 3.6%, this property may serve as a solid long-term investment within a mixed neighborhood, appealing to professional renters seeking proximity to Setúbal.
Fair value modelled at €356,273 from 6 comparable sales in the area. Asking €389,000 sits €32,727 (9.2%) above — overpriced versus fair value.
Asking €389,000 versus the Montijo e Afonsoeiro, Montijo, Setúbal area baseline of €349,341 (€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 €349,341, adjusted for condition and micro-location, gives a modelled fair value of €356,273 (€3,181/m²), a €32,727 (9.2%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montijo e Afonsoeiro · 828e6d | Subject | €389,000 | €3,473 | — | 65 | 55 |
| praça da Paz | Active | €280,000 | €3,373 | 2.9% | — | 52 |
| praça da Paz | Active | €280,000 | €2,745 | 21.0% | 72 | 56 |
| Montijo e Afonsoeiro · 6fb85f | Active | €290,000 | €2,636 | 24.1% | 70 | 54 |
| Montijo e Afonsoeiro · 19f74d | Active | €250,000 | €3,333 | 4.0% | 65 | 60 |
| Median comp | €280,000 | €3,039 | 12.5% | 70 | 55 |
Long-term rental The property's gross yield of 3.6% indicates a moderate return on investment for long-term rental strategies, though it falls slightly below the optimal threshold commonly sought by investors. Given its fair pricing at €389,000, the property holds potential as a stable income-generating asset in a reasonable neighborhood context. Short-term vacation rental With a desirable location near Setúbal and coastal areas, this apartment could attract short-term vacation renters, but its current fair valuation suggests limited upside for significant returns. Despite appealing amenities, the yield of 3.6% implies that returns may not justify the investment in this competitive rental market. Buy-and-hold As a buy-and-hold investment, the property presents a steady option due to its fair value classification, reflecting a sustainable investment potential in a location with access to local amenities. However, with a yield of only 3.6%, investors should be cautious about long-term appreciation prospects against its current valuation. Not ideal for: Student housing, Luxury market, High-frequency flipping Given the lower neighborhood quality rating of 55/100 and the fair pricing of the property, strategies focused on student housing or luxury markets may not yield favorable returns. Additionally, the property’s condition rating of 66/100 suggests that high-frequency flipping strategies could encounter significant renovation costs, making it less appealing for quick resales.
High Tenant Turnover Risk The low tenant stability score of 50/100 indicates a potential for high turnover, which could disrupt consistent cash flow and increase vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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