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 77 m² on the 5th floor, built in 1988, energy rating D. Located on rua de Damão, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This 5th-floor apartment offers excellent solar exposure, enhancing energy efficiency, and is located in a quiet residential area with convenient access to essential amenities.
The valuation. The asking price of €278,000 is significantly above the fair value of €178,104, overvaluing the property by €99,896 or 35.9%. This discrepancy indicates that the property is overpriced. Buy-to-flip angle. A buy-to-flip strategy could involve cosmetic renovations to modernize the apartment, increasing its appeal in the resale market. Given the current market conditions, targeting local buyers with a taste for updated finishes may yield a profitable exit. Buy-to-let angle. With an estimated rental income of €857/month, the gross yield of 3.7% reflects moderate potential for passive income. Long-term rental strategies can attract families looking for stable housing in a safe, rural area, despite the mixed neighbourhood rating.
Fair value modelled at €178,104 from the area baseline, adjusted for condition and location. Asking €278,000 sits €99,896 (35.9%) above — overpriced versus fair value.
Asking €278,000 versus the rua de Damão area baseline of €199,507 (€2,591/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 (Condition 60 · Materials 55 · Room dimensions 56). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 46/100 (Housing Market 40 · Amenities 50 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
rua de Damão
Area baseline €199,507 + condition -€22,378 + location -€3,260 = modelled fair value of €178,104 (€2,313/m²), a €99,896 (35.9%) gap versus the €278,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Damão | Subject | €278,000 | €3,610 | — | 60 | 46 |
| avenida D. Manuel I | Active | €220,000 | €2,857 | 20.9% | 65 | 45 |
| praça do Brasil S / N | Active | €245,000 | €3,712 | 2.8% | — | 55 |
| avenida Bento Jesus Caraça | Active | €199,900 | €2,856 | 20.9% | 65 | 44 |
| Setúbal (São Sebastião) · 1e61a5 | Active | €255,000 | €3,110 | 13.9% | 68 | 53 |
| Median comp | €232,500 | €2,984 | 17.4% | 65 | 49 |
Long-term rental This property, priced at €278,000, shows a significant gap of 35.9% compared to its fair value of €178,104, indicating it is overpriced. With a gross yield of only 3.7%, the potential returns do not justify the investment given the high acquisition cost. Family rental The 2-bed apartment in a rural area with basic local amenities may appeal to families; however, the property’s gross yield of 3.7% coupled with a fair value disparity suggests it is overpriced. Such pricing may hinder the ability to attract long-term family tenants in a neighborhood rated 46/100 in overall quality.
High Economic Risk With an economic stability score of 35/100, the property is susceptible to significant financial fluctuations, which may impact long-term investment viability.
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