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, 2-bathroom apartment of 107 m² on the 3rd floor, energy rating C. Located on praceta Cidade de Santarém, 3, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. Noteworthy Features: This apartment includes a balcony that enhances outdoor living space and is situated on the 3rd floor, providing increased privacy and views.
The valuation. The asking price of €285,000 sits €20,175 (7.6%) above the fair value of €264,825, indicating that the property is fairly priced for the market. This suggests a balanced consideration between current market conditions and inherent property potential.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Cidade de Santarém, 3 | Subject | €285,000 | €2,664 | — | — | 63 |
| travessa Rosendo Avelino Rodrigues, 6 | Active | €255,000 | €2,550 | 4.3% | 52 | 58 |
| rua José Joaquim Marques | Active | €240,000 | €2,400 | 9.9% | 54 | 53 |
| Montijo e Afonsoeiro · a80360 | Active | €299,500 | €2,582 | 3.1% | 65 | 66 |
| Montijo e Afonsoeiro · 19f433 | Active | €135,000 | €2,143 | 19.5% | — | 58 |
| Median comp | €247,500 | €2,475 | 7.1% | 54 | 58 |
Long-term rental The property's gross yield of 3.4% indicates steady cash flow potential, while its fair valuation suggests its current pricing is reasonable. However, the neighborhood's mixed crime perception and economic stability require careful tenant selection to maintain rental success. Buy-and-hold Holding this apartment could be strategically sound, as proximity to Lisbon promises potential economic growth in the long run. Given its fair valuation, appreciation may be limited, but the location still retains attractiveness for eventual capital gains. Value-add renovation Although the property's condition scores low at 0/100, investing in renovations could significantly enhance its value and rental appeal. The fair pricing reflects current market conditions, but strategic improvements may unlock additional equity and increased yields over time.
Tenant turnover risk High tenant turnover is a concern given the tenant stability score of 60/100, which could lead to increased vacancy rates and maintenance costs.
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