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, 2-bathroom mix_use_building of 165 m², energy rating G. Located on rua da Alegria, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Location: Positioned in an Urban Rehabilitation Area, this property offers significant tax incentives for redevelopment, enhancing its investment viability and potential for capital gains. Views: Enjoy unobstructed vistas of Palmela Castle and the historic city skyline from potential new constructions.
The valuation. The asking price of €300,000 is significantly above the fair value of €73,901, representing an overvaluation of €226,099 or 75.4%. This suggests that the property is overpriced, requiring careful consideration for potential investors.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria | Subject | €300,000 | €1,818 | — | — | 55 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · c1f13c | Active | €270,000 | €2,077 | 14.2% | — | 43 |
| rua de Fran Paxeco, 163 | Active | €220,000 | €2,750 | 51.2% | — | 45 |
| rua Álvaro Castelões | Active | €750,000 | €1,984 | 9.1% | 60 | 55 |
| escadinhas das Barrocas, 10 | Active | €225,000 | €3,309 | 82.0% | — | 54 |
| Median comp | €247,500 | €2,414 | 32.7% | 60 | 50 |
Long-term rental Given its gross yield of 0% and a significant gap of 75.4% from fair value, the property has limited potential for generating stable, long-term rental income. With a neighborhood rating of 55/100, the investment lacks support from local demand, making it an unappealing option. Buy-and-hold Investing in this property as a buy-and-hold strategy carries considerable risk due to its condition rating of 0/100 and a fair value that is 75.4% lower than the asking price. The current market dynamics in Setúbal suggest that appreciation potential is slim, exacerbating the disadvantages of this overpriced asset. Family rental This property is ill-suited for family rental due to its lack of amenities and poor condition rating, both signaling a significant valuation concern with a fair value of only €73,901. With the price set at €300,000, families may find better options in neighborhoods that offer more suitable living conditions and essential services.
Economic and Tenant Instability With an economic stability score of 50/100 and a tenant stability score of 60/100, there is a heightened risk of fluctuating rental income due to potential tenant turnover and economic downturns affecting the property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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