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 house of 123 m², energy rating F. Located on rua dos Picheleiros, 53, Azeitão (São Lourenço e São Simão) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The property offers a spacious fully equipped kitchen with appliances and an annex with a bathroom, ideal for transforming into a guest suite or home office.
The valuation. The asking price of €335,000 is significantly above the calculated fair value of €285,128, reflecting an overvaluation of €49,872 (14.9%). This discrepancy suggests the property does not present a compelling purchase at the current asking price.
Fair value modelled at €285,128 from the area baseline, adjusted for condition and location. Asking €335,000 sits €49,872 (14.9%) above — overpriced versus fair value.
Asking €335,000 versus the rua dos Picheleiros, 53 area baseline of €337,758 (€2,746/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 (Condition 38 · Materials 45 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 65 · Amenities 65 · Economic 70 · Tenant Quality 68). Strong amenities and housing-market momentum support a premium to baseline.
rua dos Picheleiros, 53
Area baseline €337,758 + condition -€62,461 + location +€22,131 = modelled fair value of €285,128 (€2,318/m²), a €49,872 (14.9%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Picheleiros, 53 | Subject | €335,000 | €2,724 | — | 38 | 67 |
| Azeitão (São Lourenço e São Simão) · ba3fd5 | Active | €299,000 | €2,451 | 10.0% | 45 | 55 |
| rua Santos Malta, 7 | Active | €399,000 | €2,242 | 17.7% | 62 | 55 |
| Azeitão (São Lourenço e São Simão) · f35ddb | Active | €710,000 | €3,365 | 23.5% | — | 71 |
| Azeitão (São Lourenço e São Simão) · 1e6035 | Active | €275,000 | €3,929 | 44.2% | — | 59 |
| Median comp | €349,000 | €2,908 | 6.8% | 54 | 57 |
Long-term rental The property is listed at €335,000, representing a 14.9% gap above its fair value of €285,128, indicating it is overpriced for long-term rental purposes. While it offers a gross yield of 6.9%, the condition rating of 43/100 raises concerns about potential maintenance costs, which may impact rental returns over time. Family rental With a listing price of €335,000 compared to a fair value of €285,128, this property is overpriced and may deter families seeking reasonable rental costs in Setúbal. Given the neighborhood's moderate rating of 67/100, potential family renters might prefer locations with better amenities and housing conditions. Buy-and-hold While the property has a gross yield of 6.9%, its asking price of €335,000 exceeds the fair value of €285,128, positioning it as overpriced for a buy-and-hold investment strategy. The property's average condition rating of 43/100 suggests that extensive repairs may be necessary, which could further diminish the overall return on investment over the long haul.
Tenant turnover risk The tenant stability score of 68/100 indicates a potential for higher tenant turnover, which could lead to increased vacancy periods and associated costs.
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