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.
0-bedroom, 3-bathroom mix_use_building of 231 m², built in 1960, energy rating D. Located on rua Vasco da Gama, 34, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This building includes a commercial space with a tenant in place, generating immediate income of €750 per month until May 2030, enhancing investment appeal.
The valuation. The asking price of €649,900 exceeds the fair value of €588,616 by €61,284, reflecting a 9.4% premium. This property is considered overpriced compared to market expectations.
Fair value modelled at €588,616 from the area baseline, adjusted for condition and location. Asking €649,900 sits €61,284 (9.4%) above — overpriced versus fair value.
Asking €649,900 versus the rua Vasco da Gama, 34 area baseline of €611,226 (€2,646/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 75 · Room dimensions 73). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 44/100 (Housing Market 40 · Amenities 45 · Economic 40 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
rua Vasco da Gama, 34
Area baseline €611,226 + condition -€7,941 + location -€14,669 = modelled fair value of €588,616 (€2,548/m²), a €61,284 (9.4%) gap versus the €649,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama, 34 | Subject | €649,900 | €2,813 | — | 70 | 44 |
| avenida dos Combatentes | Active | €330,000 | €3,235 | 15.0% | — | 53 |
| escadinhas das Barrocas, 10 | Active | €225,000 | €3,309 | 17.6% | — | 54 |
| rua Vasco da Gama | Active | €118,000 | €1,388 | 50.7% | — | 48 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · aff4e7 | Active | €0 | €0 | 100.0% | — | 53 |
| Median comp | €171,500 | €2,312 | 17.8% | — | 53 |
Long-term rental The 0-bed mix_use_building in Setúbal is overpriced by 9.4% compared to its fair value, which significantly hinders its potential as a long-term rental investment. Additionally, the low yield of 0% and the low-quality neighbourhood further diminish the attractiveness of this property for long-term rental opportunities. Buy-and-hold Investing in the 0-bed mix_use_building as a buy-and-hold strategy is not advisable, given its current valuation is €649,900 against a fair value of €588,616, indicating an overpriced asset. Coupled with a declining economic activity typical of rural areas, this property is unlikely to appreciate significantly over time, making it a less desirable buy-and-hold investment.
High Economic and Tenant Instability The economic stability score of 40/100 and tenant stability score of 50/100 indicate a significant risk of fluctuating rental income and potential vacancy issues.
