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 95 m², built in 1965, energy rating D. Located on rua Álvares Cabral, Montijo e Afonsoeiro parish, Montijo municipality, Setúbal district. The apartment boasts a spacious yard with a barbecue area, ideal for hosting gatherings, despite exhibiting some exterior weathering and wall damage.
The asking price of €264,900 sits above the fair value of €254,000, indicating a 4.2% downside against the asking price. The rental income strategy is applicable here with an estimated gross yield of 5.5%, positioning this investment favorably within the national range.
The fair value of this property is based on a combination of two models: the Transaction model, which uses real transaction data from 185 sales in Montijo e Afonsoeiro over the last year (55% weight), and the Adjusted asking-price model, which adjusts current listings to reflect actual sale levels (45% weight). No conservative adjustments were applied to this property. As a result, the fair value is set at €254,000, indicating that the asking price is in line with the fair value, with a 4.2% downside compared to the asking price. The confidence in this valuation is high.
Gross yield 5.5% (before costs)
This 2-bed apartment in Montijo is positioned well within the market, given its location and potential for rental income, evidenced by a strong gross yield estimate of 5.5%, placing it in the upper range nationally. While the asking price of €264,900 reflects a 4.2% downside relative to the fair value of €254,000, making the pricing reasonable, it does not qualify as undervalued. The apartment is in suitable condition with a score of 77/100, which supports its attractiveness to potential renters, despite the neighbourhood score of 50/100 indicating some room for improvement. Overall, investors can feel confident in the asset's ability to generate stable returns, aligning with the market's current dynamics.
Indicative, before costs, vacancy and management. Not investment advice.
Risk of economic and tenant instability: With both economic stability and tenant stability scores rated at 50/100, there is a significant risk of fluctuating demand and potential difficulties in attracting and retaining tenants, affecting overall rental income stability.
Grade AFindings: 0
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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