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 185 m², built in 2026. Located Porto Covo parish, Sines municipality, Setúbal district. This apartment features an exclusive rooftop terrace with a private swimming pool, ideal for entertaining while enjoying scenic views of Porto Covo.
The valuation. The asking price of €560,000 is below the fair value of €659,814, representing a potential discount of €99,814 (15.1%). This positions the property as an appealing opportunity for investors. Buy-to-flip angle. A buy-and-flip strategy could yield substantial returns by revitalizing the high-grade apartment and capitalizing on the attractive location, aiming for a resale price reflective of its fair value. Buy-to-let angle. Although the current gross yield is 0%, positioning the apartment for long-term family rentals in a mixed neighborhood could generate steady income over time, tapping into the growing demand for rental housing in rural Alentejo.
Fair value modelled at €659,814 from 4 comparable sales in the area. Asking €560,000 sits €99,814 (15.1%) below — the upside to fair value.
Asking €560,000 versus the Porto Covo, Sines, Setúbal area baseline of €501,531 (€2,711/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €501,531, adjusted for condition and micro-location, gives a modelled fair value of €659,814 (€3,567/m²), a €99,814 (15.1%) gap versus the €560,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porto Covo · 7cad2c | Subject | €560,000 | €3,027 | — | 80 | 46 |
| rua Júlio Gomes da Silva | Active | €446,000 | €2,805 | 7.3% | 64 | 37 |
| Porto Covo · 4a45a2 | Active | €615,000 | €3,844 | 27.0% | 80 | 46 |
| Porto Covo · 4a459c | Active | €650,000 | €3,457 | 14.2% | 85 | 46 |
| Porto Covo · 4a45e6 | Active | €680,000 | €3,676 | 21.4% | 80 | 48 |
| Median comp | €632,500 | €3,567 | 17.8% | 80 | 46 |
Long-term rental The 3-bed apartment in Porto Covo offers a fair value that exceeds its listing price by 15.1%, indicating a potential advantage for long-term rental investors. However, with a gross yield of 0% and a neighborhood score of 46/100, the demand for long-term tenants may be limited due to the area's rural character. Buy-and-hold With a fair value of €659,814 against a listing price of €560,000, this property presents a compelling case for a buy-and-hold strategy as it has the potential to appreciate over time. Nonetheless, the neighborhood's low score of 46/100 suggests that investors should be cautious about the long-term growth prospects in this rural Alentejo location. Family rental This property is well-positioned for family rental given its size and layout, supported by a price that is 15.1% below fair value. However, the 0% gross yield and the neighborhood's limited amenities should be carefully considered when assessing the potential for attracting long-term family tenants.
Weak economic outlook The economic stability score of 35/100 indicates a high risk of financial downturns impacting rental income and property values negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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