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 123 m², built in 1999, energy rating E. Located on rua Gaspar Correia, 14, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The second-floor apartment features a spacious living room with air conditioning and a balcony, plus an exclusive common area in the basement for storage or utility use.
The valuation. The asking price of €350,000 is significantly above the fair value of €195,466, representing an overpriced difference of €154,534 (44.2%). This high asking price does not reflect the actual market conditions. Buy-to-flip angle. The resale strategy focuses on renovating the apartment to enhance its appeal, targeting a quick turnaround in the market due to its modern features. Aiming for an increase in value, investors may sell at a higher price point after improvements. Buy-to-let angle. With an estimated gross yield of 3.4% (~€992/month), the rental income strategy capitalizes on the property's appeal to families seeking long-term rentals. This stable income potential can offset initial high acquisition costs over time.
Fair value modelled at €195,466 from the area baseline, adjusted for condition and location. Asking €350,000 sits €154,534 (44.2%) above — overpriced versus fair value.
Asking €350,000 versus the rua Gaspar Correia, 14 area baseline of €195,324 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 46/100 (Housing Market 40 · Amenities 50 · Economic 45 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
rua Gaspar Correia, 14
Area baseline €195,324 + condition +€3,267 + location -€3,125 = modelled fair value of €195,466 (€1,589/m²), a €154,534 (44.2%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gaspar Correia, 14 | Subject | €350,000 | €2,846 | — | 72 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · ba5ac0 | Active | €360,000 | €3,529 | 24.0% | 75 | 56 |
| rua Nossa Senhora Carmo, 20 | Active | €275,000 | €3,022 | 6.2% | 68 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 25f8ff | Active | €515,000 | €3,388 | 19.1% | 73 | 57 |
| Setúbal (São Sebastião) · 25f69f | Active | €265,000 | €3,313 | 16.4% | 65 | 51 |
| Median comp | €317,500 | €3,351 | 17.7% | 71 | 54 |
Long-term rental The property is overpriced at €350,000, significantly above its fair value of €195,466, making it an unappealing option for long-term rental investments. With a gross yield of only 3.4% and a less-than-ideal neighborhood rating of 46/100, the potential for sustainable returns is limited. Family rental This apartment, listed at €350,000, is not a sound choice for family rental given its significant price gap of 44.2% compared to the fair value of €195,466. Additionally, the neighborhood's average amenities and safety ratings raise concerns about attractiveness to families seeking long-term accommodations.
Economic volatility risk With an economic stability score of 45/100, there is a heightened risk of market fluctuations adversely affecting property value and tenant retention.
