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 69 m², built in 1979, energy rating C. Located on rua Doutor Álvaro Gomes, 3, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment features a spacious kitchen with a dining area and is located in a well-organized condominium, enhancing community living. Localização: A localização oferece conveniência e facilidade de movimento, tornando-o uma opção interessante para quem busca funcionalidade e proximidade aos serviços.
The valuation. The asking price of €205,000 sits significantly above the fair value of €148,613, representing an excess of €56,387 (27.5%). This property is considered overpriced based on current market conditions.
Fair value modelled at €75,611 from the area baseline, adjusted for condition and location. Asking €205,000 sits €129,389 (63.1%) above — overpriced versus fair value.
Asking €205,000 versus the rua Doutor Álvaro Gomes, 3 area baseline of €109,572 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 44/100 (Condition 48 · Materials 43 · Room dimensions 42). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 50/100 (Housing Market 40 · Amenities 50 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua Doutor Álvaro Gomes, 3
Area baseline €109,572 + condition -€33,961 + location +€0 = modelled fair value of €75,611 (€1,096/m²), a €129,389 (63.1%) gap versus the €205,000 asking price.
Long-term rental This property is overpriced at €205,000 compared to a fair value of €148,613, indicating a 27.5% gap that diminishes long-term rental profitability. Given the lower yield of 4.5% and the rural location, tenant demand may be weak, making it a less attractive investment choice. Buy-and-hold Investing in this apartment as a buy-and-hold strategy appears risky due to its current price point, which is significantly above fair value. With a condition score of 44/100 and a neighbourhood rating of 50/100, the potential for appreciation appears limited, further justifying the assessment of being overpriced.
Low Economic Resilience Low economic stability at 45/100 increases the risk of fluctuating income and potential vacancy issues in the property.
