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.
4-bedroom, 3-bathroom apartment of 168 m² on the 1st floor, built in 2004. Located on praça Pedro Nunes, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment offers a spacious 40 m² living room ideal for family gatherings and is located just 500 meters from Fórum Montijo, enhancing its accessibility to amenities.
The valuation. The asking price of €360,000 sits below the fair value of €413,741, representing a notable underpricing of €53,741 (13.0%). This presents a compelling opportunity for potential investors looking to acquire the property at a lower entry cost.
Fair value modelled at €413,741 from 6 comparable sales in the area. Asking €360,000 sits €53,741 (13.0%) below — the upside to fair value.
Asking €360,000 versus the praça Pedro Nunes area baseline of €408,539 (€2,432/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €408,539, adjusted for condition and micro-location, gives a modelled fair value of €413,741 (€2,463/m²), a €53,741 (13.0%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Pedro Nunes | Subject | €360,000 | €2,143 | — | 72 | 43 |
| Montijo e Afonsoeiro · a80360 | Active | €299,500 | €2,582 | 20.5% | 65 | 66 |
| Montijo e Afonsoeiro · 5b858c | Active | €280,000 | €2,692 | 25.6% | 72 | 61 |
| rua Manuel Gomes Nepomuceno | Active | €279,000 | €2,146 | 0.2% | 65 | 55 |
| rua Pêro Vaz de Caminha, 61 | Active | €319,000 | €2,658 | 24.1% | — | 58 |
| Median comp | €289,750 | €2,620 | 22.3% | 65 | 60 |
Long-term rental With a current listing price of €360,000, the apartment is subvalued compared to its fair market value of €413,741, presenting an attractive opportunity for long-term rental at a gross yield of 5.6%. However, the neighborhood's economic limitations and a lower rating of 43/100 suggest that tenant quality may be a concern, potentially impacting rental stability. Family rental The property offers a spacious 4-bed configuration, making it ideal for family rentals, and its 5.6% gross yield aligns well with the subvalued purchase price of €360,000 against a fair value of €413,741. Still, prospective investors should consider the local employment landscape and amenities, as the area's reliance on agriculture may limit appeal to families seeking consistent job opportunities.
Economic Volatility Risk With an economic stability score of 40/100, there is a significant risk of fluctuating economic conditions that could adversely affect rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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