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.
2-bedroom, 1-bathroom apartment of 107 m² on the 3rd floor, built in 1977, energy rating D. Located on rua Gil Vicente, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: The apartment benefits from a central location with over 60 points of interest within walking distance, significantly reducing reliance on motor vehicles for daily activities, and a completely renewed electrical installation ensuring modern safety compliance. Additional Context: Natural light floods the modernized interiors, contrasting sharply with the building's deteriorating exterior, which warrants attention for potential future renovations.
The valuation. The asking price of €260,000 sits below the fair value of €277,336, reflecting a difference of €17,336 (6.3%). This property is considered fairly priced within the current market conditions.
Fair value modelled at €277,336 from 6 comparable sales in the area. Asking €260,000 sits €17,336 (6.3%) below — the upside to fair value.
Asking €260,000 versus the rua Gil Vicente area baseline of €257,763 (€2,409/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €257,763, adjusted for condition and micro-location, gives a modelled fair value of €277,336 (€2,592/m²), a €17,336 (6.3%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gil Vicente | Subject | €260,000 | €2,430 | — | 65 | 54 |
| Montijo e Afonsoeiro · 19f433 | Active | €135,000 | €2,143 | 11.8% | — | 58 |
| rua das Naus, 14 | Active | €290,000 | €2,544 | 4.7% | 70 | 57 |
| rua António Onofre, 63 | Active | €365,000 | €2,684 | 10.4% | 72 | 56 |
| Montijo e Afonsoeiro · 5b858c | Active | €280,000 | €2,692 | 10.8% | 72 | 61 |
| Median comp | €285,000 | €2,614 | 7.6% | 72 | 58 |
Value-add renovation The property offers a fair value at €260,000 compared to its estimated fair value of €277,336, indicating potential for value enhancement. However, the existing condition rated at 75/100 highlights the need for renovations to elevate its appeal and value further. Long-term rental With a gross yield of 4.4%, this property presents a reasonable return for long-term rental investments in the area. However, its neighbourhood score of 54/100 suggests that tenant demand may be moderate due to limited amenities and overall economic factors in the region. Buy-and-hold Holding this property can still be a viable strategy given its steady fair value standing in Montijo e Afonsoeiro. The proximity to Setúbal offers some lifestyle advantages, yet the overall market dynamics and neighbourhood characteristics imply cautious optimism for future appreciation.
Economic downturn risk With an economic stability score of 55/100, there is a significant risk of a downturn in the local economy affecting rental demand and property value.
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