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 €293,601 (€2,387/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 €293,601 + 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.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
