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 167 m² on the 3rd floor, energy rating C. Located on praça dos Descobrimentos, 69, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Unique Feature: Enjoy outdoor leisure moments on two private balconies, enhancing the living experience in this well-appointed apartment in the heart of Montijo's Praça dos Descobrimentos.
The valuation. The asking price of €360,000 is significantly lower than the fair value of €412,356, representing a discrepancy of €52,356 (12.7%). This property is subpriced and offers a compelling investment opportunity.
Fair value modelled at €412,356 from 6 comparable sales in the area. Asking €360,000 sits €52,356 (12.7%) below — the upside to fair value.
Asking €360,000 versus the praça dos Descobrimentos, 69 area baseline of €363,973 (€2,179/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €363,973, adjusted for condition and micro-location, gives a modelled fair value of €412,356 (€2,469/m²), a €52,356 (12.7%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça dos Descobrimentos, 69 | Subject | €360,000 | €2,156 | — | 74 | 59 |
| rua da Mafalda | Active | €380,000 | €2,550 | 18.3% | 75 | 51 |
| rua Aquilino Ribeiro, 42 | Active | €385,000 | €2,601 | 20.7% | 75 | 54 |
| Montijo e Afonsoeiro · 3a6fed | Active | €350,000 | €2,273 | 5.4% | 75 | 47 |
| rua Rui de Pina | Active | €315,000 | €2,647 | 22.8% | 75 | 56 |
| Median comp | €365,000 | €2,576 | 19.5% | 75 | 53 |
Long-term rental This property presents a strong opportunity for long-term rental, given its proximity to Lisbon which enhances its economic appeal. With a gross yield of 4.5% and a fair value gap of 12.7%, it is positioned to generate consistent cash flow over time. Buy-and-hold Investing in this 3-bed apartment for a buy-and-hold strategy aligns well with its potential for appreciation, as it is currently priced below its fair value. The combination of a 76/100 condition score and a reasonable gross yield makes it a compelling asset for sustained investment. Value-add renovation This property offers opportunities for value-add renovations that could improve its neighborhood score and future marketability. With a current valuation gap of 12.7% and a condition rating of 76/100, enhancing its appeal through strategic upgrades could unlock additional value in the medium to long term.
Economic Vulnerability With an economic stability score of 60/100, there is a heightened risk of economic downturns impacting the property’s performance and revenue generation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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