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, 4-bathroom apartment of 131 m² on the 2nd floor, built in 1998, energy rating C. Located on rua das Gaivotas, Alcochete parish, Alcochete municipality, Setúbal district. Noteworthy Features: This apartment features two balconies that enhance its living space and provide excellent views, while its location on Rua das Gaivotas ensures convenient access to local amenities.
The valuation. The asking price of €380,000 sits slightly above the fair value of €379,211, with a difference of €789 (0.2%). Verdict: fair. Buy-to-flip angle. A buy-to-flip strategy could involve minor renovations, particularly upgrading kitchen appliances, to enhance market appeal and achieve a profitable resale in the rural Alcochete market. Buy-to-let angle. With an estimated rental income of €1,235 per month, the property offers a gross yield of 3.9%, appealing for long-term rental in a mixed neighbourhood that benefits from a low crime rate.
Fair value modelled at €379,211 from 6 comparable sales in the area. Asking €380,000 sits €789 (0.2%) above — overpriced versus fair value.
Asking €380,000 versus the rua das Gaivotas area baseline of €375,359 (€2,865/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €375,359, adjusted for condition and micro-location, gives a modelled fair value of €379,211 (€2,895/m²), a €789 (0.2%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Gaivotas | Subject | €380,000 | €2,901 | — | 70 | 48 |
| rua Estevão Rodrigues | Active | €330,000 | €2,895 | 0.2% | 71 | 53 |
| Alcochete · 831360 | Active | €330,000 | €2,895 | 0.2% | 70 | 48 |
| rua Futebol Clube de São Francisco, 110 | Active | €495,000 | €2,250 | 22.4% | 74 | 54 |
| rua Capitão Salgueiro Maia | Active | €550,000 | €3,716 | 28.1% | 82 | 49 |
| Median comp | €412,500 | €2,895 | 0.2% | 73 | 51 |
Long-term rental The property offers a gross yield of 3.9%, which is a reasonable return for a long-term rental in a rural area like Alcochete. However, the limited economic activity and low neighbourhood rating suggest potential challenges in tenant demand. Buy-and-hold While the apartment's value is fair compared to its listing price, the rural location may not present significant appreciation opportunities over the long term. Additionally, a stable yield of 3.9% indicates modest returns, making it a suitable hold for a conservative investor. Value-add renovation Given the property's condition of 74/100, there may be opportunities for value-add renovations to improve both tenant quality and rental rates. However, the modest gap from fair value suggests that substantial investment in upgrades may not yield a proportional return, warranting careful cost analysis.
Economic Vulnerability With an economic stability score of 45/100, the property is at risk due to potential local economic downturns that could lead to decreased demand from tenants.
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