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 151 m², built in 1989, energy rating D. Located on rua Cidade de Leiria, 3, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features three balconies providing unobstructed views, and a semi-open layout that enhances natural light throughout the spacious kitchen and living areas.
The valuation. The asking price of €329,950 is significantly below the fair value of €383,160, indicating a difference of €53,210 (16.1%). This property is underpriced relative to its market potential.
Fair value modelled at €383,160 from the area baseline, adjusted for condition and location. Asking €329,950 sits €53,210 (16.1%) below — the upside to fair value.
Asking €329,950 versus the rua Cidade de Leiria, 3 area baseline of €399,546 (€2,646/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 68 · Materials 64 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 52/100 (Housing Market 40 · Amenities 30 · Economic 40 · Tenant Quality 45). Strong amenities and housing-market momentum support a premium to baseline.
rua Cidade de Leiria, 3
Area baseline €399,546 + condition -€19,583 + location +€3,196 = modelled fair value of €383,160 (€2,537/m²), a €53,210 (16.1%) gap versus the €329,950 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Leiria, 3 | Subject | €329,950 | €2,185 | — | 68 | 52 |
| Setúbal (São Sebastião) · 6d5385 | Active | €300,000 | €2,521 | 15.4% | 68 | 45 |
| estrada de Palmela Rio da Figueira | Active | €228,000 | €2,327 | 6.5% | 70 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 09025f | Active | €290,000 | €2,117 | 3.1% | 65 | 56 |
| rua Camilo Castelo Branco | Active | €340,000 | €2,636 | 20.6% | 65 | 47 |
| Median comp | €295,000 | €2,424 | 10.9% | 67 | 47 |
Long-term rental The property in Setúbal offers a gross yield of 4.3%, indicating a solid income potential in a location characterized by rural Alentejo. With a fair value of €383,160, the current listing price represents a significant opportunity to secure a rental asset that can generate stable cash flow. Value-add renovation Given the property's condition rating of 67/100, there is potential for value enhancement through targeted renovations to improve tenant appeal and rental rates. Investing in refurbishments could further capitalize on the current listing price being undervalued by 16.1%, providing an attractive avenue for increasing overall asset value.
Economic and Tenant Instability Risk: With an economic stability score of 40/100 and a tenant stability score of 45/100, this property is at high risk of fluctuating demand and potential vacancy, impacting rental income.
