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 111 m² on the 3rd floor, built in 2003, energy rating C. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This property includes a designated parking space, a rare amenity in Setúbal, enhancing convenience for urban living in a competitive market. Valuation Verdict: FAIR
The valuation. The asking price of €240,000 is significantly below the fair value of €288,159, representing a discount of €48,159 (16.7%). This positions the property as an attractive investment opportunity in the current market.
Fair value modelled at €288,159 from 6 comparable sales in the area. Asking €240,000 sits €48,159 (16.7%) below — the upside to fair value.
Asking €240,000 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €217,118 (€1,956/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €217,118, adjusted for condition and micro-location, gives a modelled fair value of €288,159 (€2,596/m²), a €48,159 (16.7%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · 15e28d | Subject | €240,000 | €2,162 | — | 75 | 53 |
| rua Camilo Castelo Branco | Active | €340,000 | €2,636 | 21.9% | 72 | 53 |
| Setúbal (São Sebastião) · 62708b | Active | €235,000 | €2,156 | 0.3% | 65 | 48 |
| rua Camilo Castelo Branco | Active | €340,000 | €2,636 | 21.9% | 65 | 47 |
| rua Roberto Ivens | Active | €345,000 | €2,518 | 16.5% | 75 | 48 |
| Median comp | €340,000 | €2,577 | 19.2% | 69 | 48 |
Long-term rental The property presents a gross yield of 4.2%, indicating a solid potential for consistent cash flow in the long-term rental market, especially as it is priced at €240,000, which is 16.7% below fair value. While the neighborhood score is relatively low at 53/100, the property’s competitive pricing enhances its attractiveness for long-term tenants seeking affordable options. Value-add renovation Investing in value-add renovations could significantly enhance the property’s current condition rating of 76/100, potentially increasing its market appeal and rental income. With a fair value of €288,159, there is substantial room for improvement that can ultimately drive the asset's value closer to its fair market valuation. Not ideal for short-term vacation rental The property is not well-suited for short-term vacation rentals, given the limited amenities and a neighborhood score of 53/100 which may deter transient tenants. Additionally, the uncertain local crime rates and schools may further pose challenges in attracting short-term visitors. Not ideal for luxury market The apartment is not aligned with the luxury market due to its moderate condition and neighborhood rating, limiting appeal to high-end buyers or renters. This mismatch suggests that targeting a more budget-conscious demographic may yield better results than pursuing luxury clientele.
Economic Weakness The property is at risk due to a low economic stability score of 45/100, indicating potential challenges in maintaining tenant demand and rental income.
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