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 127 m² on the 1st floor, built in 2003. Located on rua do Parque, Sines parish, Sines municipality, Setúbal district. Noteworthy Features: This apartment boasts a cozy sunroom and a balcony that enhances outdoor living, perfect for enjoying the region's pleasant climate while being steps away from the beach.
The valuation. The asking price of €450,000 is significantly above the fair value of €368,300, making it overpriced by €81,700 (22.2%). Such a discrepancy could deter potential investors seeking a reasonable purchase price.
Fair value modelled at €368,300 from 6 comparable sales in the area. Asking €450,000 sits €81,700 (22.2%) above — overpriced versus fair value.
Asking €450,000 versus the rua do Parque area baseline of €352,713 (€2,777/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €352,713, adjusted for condition and micro-location, gives a modelled fair value of €368,300 (€2,900/m²), a €81,700 (22.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Parque | Subject | €450,000 | €3,543 | — | 71 | 46 |
| Sines · 4a7d6d | Active | €475,000 | €2,500 | 29.4% | 75 | 49 |
| Sines · 800594 | Active | €325,000 | €3,533 | 0.3% | 75 | 42 |
| Sines · 4d4608 | Active | €435,000 | €2,900 | 18.2% | 70 | 42 |
| Sines · 6a948b | Active | €400,000 | €2,878 | 18.8% | 68 | 48 |
| Median comp | €417,500 | €2,889 | 18.5% | 73 | 45 |
Long-term rental This property is overpriced, with a listing price of €450,000 compared to a fair value of €368,300, indicating a gap of 22.2%. Given the rural nature and low demand of Sines, long-term rental yields are likely to be lower than anticipated, making it a risky investment. Buy-and-hold With the property listed at €450,000, it remains overpriced against the fair value of €368,300, suggesting it won't see significant appreciation in the short term. This makes a buy-and-hold strategy less attractive in a neighborhood with low tenant quality and amenities. Value-add renovation Although a value-add renovation could improve the property’s condition and increase its appeal, the current price of €450,000 is still significantly above the fair market value of €368,300. Given the already low score of 73/100 for condition, the renovation costs may not justify the investment in this overpriced property. Not ideal for short-term vacation rental, student housing, luxury market The property is overpriced with a listing of €450,000, far exceeding the fair value, making it unsuitable for short-term rentals or luxury markets. Additionally, the low amenity and neighborhood scores further complicate its viability for student housing investments.
Low Economic Growth Risk The property is situated in a region with a poor economic stability score of 40/100, indicating potential difficulty in attracting sufficient tenant demand and maintaining occupancy rates.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
