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 1977. Located Setúbal municipality, Setúbal district. Noteworthy Features: This second-floor apartment includes two balconies that offer city views and a versatile layout with two living rooms, enhancing livability for families or roommates.
The valuation. The asking price of €350,000 is €45,980 (13.1%) above the fair value of €304,020, indicating that the property is overpriced. The current market dynamics do not support this valuation given its condition and neighborhood metrics.
Fair value modelled at €304,020 from the area baseline, adjusted for condition and location. Asking €350,000 sits €45,980 (13.1%) above — overpriced versus fair value.
Asking €350,000 versus the Setúbal, Setúbal area baseline of €325,458 (€2,646/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 68 · Materials 62 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 50 · Economic 45 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
Setúbal, Setúbal
Area baseline €325,458 + condition -€18,834 + location -€2,604 = modelled fair value of €304,020 (€2,472/m²), a €45,980 (13.1%) gap versus the €350,000 asking price.
Long-term rental The apartment's high listing price of €350,000, significantly exceeding its fair value of €304,020, indicates it is overpriced for the long-term rental market. Therefore, potential cash flow is compromised, supported by a gross yield of 0% in a neighborhood rated only 48/100 for tenant quality and amenities. Value-add renovation While a value-add renovation strategy could improve the property's condition rating of 65/100, the existing high valuation limits the potential return on investment. Renovating in an area with a rural character and a fair value gap of 13.1% adds to the risks, making it less appealing for developers or investors seeking reasonable profit margins. Not ideal for luxury market With the neighborhood's low rating and absence of luxury appeal, the property does not align with the demand characteristics typically sought in the luxury market. Thus, pursuing a strategy focused on luxury development is misplaced and unlikely to yield successful outcomes. Short-term vacation rental Given its rural setting and a lack of amenities reflected in the neighborhood score of 48/100, the apartment is not suitable for the short-term vacation rental market. Additionally, the property’s significant overvaluation further diminishes potential profitability in this segment, leading to a poor investment decision.
Economic Vulnerability With an economic stability score of 45/100, the property is exposed to potential fluctuations in the market that could impact rental income and overall investment returns.
