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, 2-bathroom apartment of 103 m² on the 1st floor, built in 1964. Located on rua Tenente Jean Raymond, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment boasts a sunroom that enhances usability and a balcony ideal for outdoor relaxation, complemented by the highly coveted Liceu neighborhood's vibrant local amenities.
The valuation. The asking price of €270,000 is significantly below the fair value of €332,176, representing an underpricing of €62,176 (18.7%). This provides an attractive opportunity for potential investors looking for undervalued properties.
Fair value modelled at €332,176 from 6 comparable sales in the area. Asking €270,000 sits €62,176 (18.7%) below — the upside to fair value.
Asking €270,000 versus the rua Tenente Jean Raymond area baseline of €280,375 (€2,722/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 is below the parish average, reducing 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 €280,375, adjusted for condition and micro-location, gives a modelled fair value of €332,176 (€3,225/m²), a €62,176 (18.7%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Tenente Jean Raymond | Subject | €270,000 | €2,621 | — | 70 | 52 |
| praceta Fernando Pessoa | Active | €329,000 | €3,576 | 36.4% | 65 | 45 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 6a910a | Active | €395,000 | €3,211 | 22.5% | 70 | 49 |
| rua das Dálias, 6 | Active | €254,900 | €2,999 | 14.4% | 68 | 44 |
| Setúbal (São Sebastião) · 261fdf | Active | €285,000 | €3,239 | 23.5% | 72 | 53 |
| Median comp | €307,000 | €3,225 | 23.0% | 69 | 47 |
Long-term rental The property presents an attractive long-term rental opportunity with a gross yield of 4.7%, indicating a solid return on investment. With a fair value gap of 18.7%, investors stand to benefit from capital appreciation while maintaining a steady income stream through rental agreements. Buy-and-hold Investing in this apartment aligns well with a buy-and-hold strategy, given the 18.7% difference from fair value, suggesting potential for future price increases. The property’s condition score of 68/100 indicates that it is relatively well-maintained, which supports long-term appreciation in value. Family rental This 3-bedroom apartment is positioned favorably for use as a family rental, appealing to local residents seeking space and proximity to Setúbal. Its underpriced status, assessed at 18.7% below fair value, offers an opportunity for landlords to provide affordable housing in a region that supports family living.
Economic Vulnerability The combined economic stability score of 48/100 indicates a high risk of local economic fluctuations negatively impacting rental income and property value. Tenant Instability With a tenant stability score of 55/100, there is a significant risk of tenant turnover, which can lead to increased vacancies and loss of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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