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.
7-bedroom, 0-bathroom house of 221 m², energy rating G. Located on estrada da Costa do Norte, Sines parish, Sines municipality, Setúbal district. Noteworthy Features: The property is located in an area designated for urban conversion, offering significant potential for residential development with planned low-density housing that promotes green spaces and a tranquil environment.
The valuation. The asking price of €1,200,000 is significantly above the fair value of €623,443, indicating an overpriced status of €576,557 (92.5%). This reflects a substantial gap that may deter potential buyers. Buy-to-flip angle. The buy-to-flip strategy appears challenging due to the property’s high acquisition cost and overall condition, making a profitable resale difficult in this market. Substantial renovations would be required to attract buyers. Buy-to-let angle. With an estimated gross yield of 2% and potential rental income of approximately €2,000 per month, the rental strategy may provide steady cash flow but remains low relative to industry standards given the property's overpriced nature.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Costa do Norte | Subject | €1,200,000 | €5,430 | — | — | 45 |
| Sines · 95681b | Active | €260,000 | €1,187 | 78.1% | — | 47 |
| Sines · 893614 | Active | €520,000 | €2,653 | 51.1% | 72 | 42 |
| Sines · 96c0e9 | Active | €620,000 | €3,543 | 34.8% | 70 | 49 |
| rua José Martins Ferreira | Active | €825,000 | €2,768 | 49.0% | 78 | 46 |
| Median comp | €570,000 | €2,711 | 50.1% | 72 | 47 |
Long-term rental The property’s yield of 2% gross indicates limited potential for income generation, making it a less attractive option for long-term rental. Additionally, the neighborhood's rating of 45/100 suggests challenges in tenant quality and marketability. Buy-and-hold Holding this property long-term seems unpromising, particularly given the significant 92.5% gap from the fair value of €623,443. The combination of a rural setting with limited amenities and a very low condition rating further indicates that asset appreciation in this area is unlikely. Value-add renovation Although some investors may consider value-add renovations, the current condition rating of 0/100 raises serious concerns about the feasibility and return on investment. The high price tag of €1,200,000 significantly outweighs the potential incremental value generated from any improvements. Not ideal for The property is not suited for short-term vacation rentals due to its peripheral rural location and low tenant quality. It also doesn’t cater to the luxury market or student housing, further limiting its investment appeal.
High Economic Risk With an economic stability score of 35/100, this property faces significant risks from potential economic downturns impacting tenant demand and rental income stability.
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