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 96 m² on the 2nd floor, built in 1990, energy rating C. Located on rua Bento de Jesus Caraça, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment features a versatile office space that can easily serve as a third bedroom, enhancing its adaptability for various living arrangements.
The valuation. The asking price of €310,000 sits slightly above the fair value of €300,741, indicating a premium of €9,259 (3.1%). This valuation suggests the property is priced appropriately relative to the market. Buy-to-flip angle. The buy-to-flip strategy focuses on potential value-add renovation to enhance the property's appeal and resale value, targeting a quicker turnover to capitalize on market demand. Buy-to-let angle. With an estimated rental income of €930/month, the gross yield stands at 3.6%. This strategy emphasizes long-term rental stability through a buy-and-hold approach, leveraging the mixed-urban characteristics of the neighborhood.
Fair value modelled at €300,741 from 6 comparable sales in the area. Asking €310,000 sits €9,259 (3.1%) above — overpriced versus fair value.
Asking €310,000 versus the rua Bento de Jesus Caraça area baseline of €293,000 (€3,052/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €293,000, adjusted for condition and micro-location, gives a modelled fair value of €300,741 (€3,133/m²), a €9,259 (3.1%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bento de Jesus Caraça | Subject | €310,000 | €3,229 | — | 70 | 59 |
| Montijo e Afonsoeiro · 6a9542 | Active | €287,500 | €3,026 | 6.3% | 70 | 56 |
| Montijo e Afonsoeiro · 6c7b5c | Active | €248,000 | €3,024 | 6.3% | 70 | 62 |
| avenida 25 de Abril | Active | €298,000 | €3,239 | 0.3% | 68 | 59 |
| Montijo e Afonsoeiro · 4a8081 | Active | €285,000 | €3,476 | 7.6% | 68 | 59 |
| Median comp | €286,250 | €3,133 | 3.0% | 69 | 59 |
Buy-and-hold This property is positioned in a mixed-urban area, making it suitable for long-term ownership despite its current fair valuation at €310,000. With a gross yield of 3.6%, it presents an opportunity for steady income without significant downside risks. Long-term rental Given its fair value and a yield of 3.6%, this apartment can serve as a sustainable long-term rental investment in Montijo. While the condition score of 68/100 indicates the need for some maintenance, the property can attract a steady tenant pool in a neighborhood rated 59/100. Value-add renovation The potential for a value-add renovation exists, with the current condition rated at 68/100, allowing for enhancements that could elevate rental income and property appreciation. However, the fair value of €310,000 indicates that significant immediate gains are unlikely, necessitating a careful approach to renovations to ensure eventual profitability.
Economic Vulnerability The property faces economic risk due to a low economic stability score of 55/100, which may indicate potential challenges in maintaining tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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