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 130 m² on the 2nd floor, energy rating C. Located on rua Manuel Gomes Nepomuceno, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The apartment's central location provides unparalleled access to both local amenities and public transport, with the scenic ferry connection to Lisbon just minutes away.
The valuation. The asking price of €279,000 sits €65,500 (19.0%) below the fair value of €344,500, indicating the property is underpriced. This presents a compelling opportunity for savvy investors. Buy-to-flip angle. The strategy for resale includes enhancing the apartment's condition and appeal, capitalizing on its underpriced status. Targeting families seeking modernized features can yield significant profits. Buy-to-let angle. With an estimated gross yield of 4.4%, generating approximately €1,023/month in rental income makes this property a promising buy-and-hold investment. The family rental strategy is well-suited given its location and amenities available.
Fair value modelled at €344,500 from 6 comparable sales in the area. Asking €279,000 sits €65,500 (19.0%) below — the upside to fair value.
Asking €279,000 versus the rua Manuel Gomes Nepomuceno area baseline of €350,512 (€2,696/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €350,512, adjusted for condition and micro-location, gives a modelled fair value of €344,500 (€2,650/m²), a €65,500 (19.0%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Gomes Nepomuceno | Subject | €279,000 | €2,146 | — | 65 | 55 |
| rua Pêro Vaz de Caminha, 61 | Active | €319,000 | €2,658 | 23.9% | — | 58 |
| rua da Atalaia, 54 | Active | €399,500 | €2,421 | 12.8% | 65 | 43 |
| Montijo e Afonsoeiro · a80360 | Active | €299,500 | €2,582 | 20.3% | 65 | 66 |
| rua Cidade da Horta | Active | €265,000 | €2,650 | 23.5% | 65 | 59 |
| Median comp | €309,250 | €2,616 | 21.9% | 65 | 59 |
Long-term rental The property is subvalorizada by 19.0%, suggesting it could generate a strong long-term yield of 4.4% gross. With a decent condition rating of 62/100, it can attract steady tenants in a neighborhood that balances urban amenities and residential characteristics. Buy-and-hold Investing in this property allows for capital appreciation potential given its fair value of €344,500 and prevailing market conditions pointing towards a 19.0% gap. The steady yield of 4.4% supports income generation while benefiting from long-term value growth in the evolving Montijo e Afonsoeiro area. Family rental The property’s configuration as a 3-bed apartment makes it suitable for families seeking long-term rentals, especially in a neighborhood with reasonable amenities. While the area rates a 55/100, the apartment’s lower asking price compared to fair value provides a competitive edge in attracting family tenants looking for stability.
Economic Vulnerability The property faces a significant risk due to its low economic stability score of 50/100, indicating potential volatility that could impact rental income.
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