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, 1-bathroom duplex of 151 m², energy rating B. Located Porto Covo parish, Sines municipality, Setúbal district. Noteworthy Features: The rooftop terrace features a plunge pool and 45 m² of space for outdoor dining and lounging, maximizing coastal living in a serene setting. Condition Notes: Recently renovated with high-quality finishes, including stainless steel accents and laminate flooring throughout.
The valuation. The listing price of €590,000 is slightly below the fair value of €604,786, indicating a valuation differential of €14,786 (2.4%). This suggests the property is priced appropriately, aligning with market expectations.
Fair value modelled at €604,786 from 6 comparable sales in the area. Asking €590,000 sits €14,786 (2.4%) below — the upside to fair value.
Asking €590,000 versus the Porto Covo, Sines, Setúbal area baseline of €470,917 (€3,119/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €470,917, adjusted for condition and micro-location, gives a modelled fair value of €604,786 (€4,005/m²), a €14,786 (2.4%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porto Covo · 0ac5e6 | Subject | €590,000 | €3,907 | — | 91 | 46 |
| Porto Covo · 4a45a2 | Active | €615,000 | €3,844 | 1.6% | 80 | 46 |
| rua Joaquim Augusto | Active | €595,000 | €5,891 | 50.8% | 90 | 38 |
| Porto Covo · 4a45e6 | Active | €680,000 | €3,676 | 5.9% | 80 | 48 |
| Porto Covo · 6d5151 | Active | €550,000 | €2,973 | 23.9% | 80 | 48 |
| Median comp | €605,000 | €3,760 | 3.8% | 80 | 47 |
Long-term rental A long-term rental approach is challenging, given the property’s gross yield of 0% and the relatively low neighbourhood score of 46/100, indicating limited attractiveness for potential tenants. With basic amenities and rural location, securing reliable, quality tenants may prove difficult and may affect rental income stability. Buy-and-hold The buy-and-hold strategy could result in limited appreciation, given that the property's fair value is only 2.4% higher than the listing price, reflecting a fair market position. The economic limitations and basic amenities of the rural Algarvian setting suggest potential difficulties in capital growth over time. Not ideal for Despite the property’s size and condition rating of 84/100, it is not suited for short-term vacation rentals due to the lower demand in rural Algarve and the lack of amenities. Additionally, the property is not a fit for the student housing market or the luxury sector, which typically require urban proximity and higher demand levels.
Weak market demand With an economic stability score of 35/100 and tenant stability score of 50/100, there is a heightened risk of fluctuations in tenant occupancy and rental income stability due to low market demand conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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