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, 1-bathroom apartment of 98 m². Located on estrada de Palmela Rio da Figueira, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment includes a sunroom, enhancing its appeal for relaxation with additional natural light and a semi-equipped kitchen, perfect for modern living.
The valuation. The asking price of €228,000 sits significantly above the fair value of €141,650, indicating an overvaluation of €86,350 (37.9%). This discrepancy suggests that investors should proceed with caution.
Fair value modelled at €141,650 from the area baseline, adjusted for condition and location. Asking €228,000 sits €86,350 (37.9%) above — overpriced versus fair value.
Asking €228,000 versus the estrada de Palmela Rio da Figueira area baseline of €155,624 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 46/100 (Housing Market 40 · Amenities 40 · Economic 45 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
estrada de Palmela Rio da Figueira
Area baseline €155,624 + condition -€11,484 + location -€2,490 = modelled fair value of €141,650 (€1,445/m²), a €86,350 (37.9%) gap versus the €228,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada de Palmela Rio da Figueira | Subject | €228,000 | €2,327 | — | 70 | 46 |
| praceta Doutor José Romão dos Santos Ferro, 27 | Active | €199,000 | €2,010 | 13.6% | 70 | 46 |
| Setúbal (São Sebastião) · 96c49c | Active | €179,000 | €2,521 | 8.4% | 73 | 49 |
| Setúbal (São Sebastião) · 389e49 | Active | €280,000 | €2,074 | 10.9% | 67 | 46 |
| rua Cidade de Leiria, 3 | Active | €329,950 | €2,185 | 6.1% | 68 | 52 |
| Median comp | €239,500 | €2,130 | 8.5% | 69 | 48 |
Value-add renovation The property is currently overpriced with a listing price of €228,000 compared to a fair value of €141,650, indicating a 37.9% gap that limits its renovation potential in a rural area with limited economic activity. Investing in value-add renovations may enhance the condition rating of 68/100, but the inherent risk of overpaying exacerbates the challenges faced in the current market. Long-term rental Given its overpriced status and a gross yield of 4.7%, long-term rental opportunities may struggle to generate attractive cash flow given the neighbourhood score of 46/100. The property is unlikely to appeal to high-quality tenants looking for amenities in a more vibrant economic context, further complicating its long-term rental viability.
Economic Instability With an economic stability score of 45/100, the area may experience fluctuations that could negatively impact property values and rental income. Tenant Insecurity The tenant stability score of 50/100 suggests a moderate risk of tenant turnover, potentially leading to increased vacancy rates and lost rental revenue.
