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.
2-bedroom, 1-bathroom apartment of 70 m², energy rating C. Located on rua Mafaldo de Setúbal, 15, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Feature: This apartment includes a well-sized kitchen with ample storage potential, ideal for culinary enthusiasts looking to customize the space to their preferences. Condition Notes: While generally comfortable, it presents an opportunity for modernization to enhance its appeal.
The valuation. The property’s asking price of €215,000 is significantly above its fair value of €172,109, creating a gap of €42,891 (19.9%). Thus, this apartment is overpriced in the current market.
Fair value modelled at €172,109 from the area baseline, adjusted for condition and location. Asking €215,000 sits €42,891 (19.9%) above — overpriced versus fair value.
Asking €215,000 versus the rua Mafaldo de Setúbal, 15 area baseline of €192,220 (€2,746/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 65 · Materials 70 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 45/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 40). Softer demand indicators apply a discount to baseline.
rua Mafaldo de Setúbal, 15
Area baseline €192,220 + condition -€9,406 + location -€3,704 = modelled fair value of €172,109 (€2,459/m²), a €42,891 (19.9%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mafaldo de Setúbal, 15 | Subject | €215,000 | €3,071 | — | 65 | 45 |
| Setúbal (São Sebastião) · 99f3c3 | Active | €280,000 | €3,333 | 8.5% | 75 | 48 |
| rua Salvador Pereira Amália | Active | €215,000 | €2,756 | 10.3% | 64 | 50 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · cfe29b | Active | €243,900 | €3,049 | 0.7% | 68 | 45 |
| Setúbal (São Sebastião) · 25f739 | Active | €330,000 | €3,173 | 3.3% | 65 | 48 |
| Median comp | €261,950 | €3,111 | 1.3% | 67 | 48 |
Long-term rental The 2-bed apartment in Setúbal is currently listed at €215,000, which is 19.9% above its fair value of €172,109, indicating that the property is overpriced and may struggle to attract long-term tenants. Additionally, with a gross yield of 4.4% and a neighbourhood score of 45/100, the investment could face challenges in filling vacancies and retaining quality tenants over time. Buy-and-hold Although the property may seem appealing for a buy-and-hold strategy, its current listing price of €215,000 significantly exceeds the fair value of €172,109, categorizing it as overpriced. Furthermore, the subdued condition rating of 66/100 suggests that ongoing maintenance and improvement costs could erode potential profitability and hinder long-term appreciation in this rural area.
High Vacancy Risk With an economic stability score of 35/100 and a tenant stability score of 40/100, the property may face challenges in retaining tenants, leading to increased vacancy rates and potential loss of rental income.
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