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 98 m², built in 1993, energy rating D. Located Azeitão (São Lourenço e São Simão) parish, Setúbal municipality, Setúbal district. Unique Feature: This apartment includes surface rights, which could provide opportunities for property expansion or outdoor space development, depending on local regulations and zoning laws.
The valuation. The asking price of €230,000 sits just below the fair value of €236,995, making it €6,995 (3.0%) underpriced. This presents an opportunity for potential buyers to capitalize on a favorable market position.
Fair value modelled at €236,995 from the area baseline, adjusted for condition and location. Asking €230,000 sits €6,995 (3.0%) below — the upside to fair value.
Asking €230,000 versus the Azeitão (São Lourenço e São Simão), Setúbal, Setúbal area baseline of €269,108 (€2,746/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 52/100 (Condition 56 · Materials 60 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 60 · Amenities 60 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Azeitão (São Lourenço e São Simão), Setúbal, Setúbal
Area baseline €269,108 + condition -€34,759 + location +€12,447 = modelled fair value of €236,995 (€2,418/m²), a €6,995 (3.0%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Azeitão (São Lourenço e São Simão) · 23f517 | Subject | €230,000 | €2,347 | — | 56 | 62 |
| rua José Augusto Coelho | Active | €550,000 | €2,227 | 5.1% | 70 | 64 |
| rua Batalha do Viso, 209 | Active | €295,000 | €3,688 | 57.1% | 65 | 57 |
| Azeitão (São Lourenço e São Simão) · 4d4795 | Active | €290,000 | €3,053 | 30.1% | 75 | 65 |
| Azeitão (São Lourenço e São Simão) · 001bea | Active | €330,000 | €2,063 | 12.1% | 80 | 70 |
| Median comp | €312,500 | €2,640 | 12.5% | 73 | 65 |
Long-term rental The 3-bed apartment in Azeitão offers a competitive gross yield of 4.9%, making it an attractive option for long-term rentals in a suburban setting. With a fair value estimate of €236,995, the current listing at €230,000 presents a 3.0% gap, indicating that the property is subvalued and represents a sound investment opportunity. Family rental This property is well-suited for family rentals due to its spacious 98m² and suburban location, providing a safe and appealing environment for tenants. At a fair value of €236,995, the pricing at €230,000 illustrates a modest 3.0% difference, marking it as a subvalued option that could attract steady family tenancy. Short-term vacation rental Given Azeitão's coastal influence and suburban charm, this apartment can effectively serve the short-term vacation rental market, appealing to tourists seeking a getaway near Setúbal. The fair valuation at €236,995 versus the listing price of €230,000 indicates a 3.0% discrepancy, presenting an investment opportunity that is subvalued in the current market climate.
Economic fluctuation risk: With an economic stability score of 65/100, there is a potential risk of fluctuating economic conditions negatively impacting rental income and property value.
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