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 93 m² on the 6th floor, energy rating C. Located on rua António Carvalho Serra, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment benefits from a planned external renovation that promises property appreciation without the owner's financial involvement, enhancing its long-term value potential.
The valuation. The asking price of €238,000 is significantly above the fair value of €135,652, indicating an overvaluation of €102,348 (43.0%). This property is overpriced, which may deter potential buyers simply looking for value.
Fair value modelled at €135,652 from the area baseline, adjusted for condition and location. Asking €238,000 sits €102,348 (43.0%) above — overpriced versus fair value.
Asking €238,000 versus the rua António Carvalho Serra area baseline of €237,522 (€2,554/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 70 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 53/100 (Housing Market 45 · Amenities 60 · Economic 40 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua António Carvalho Serra
Area baseline €237,522 + condition -€13,805 + location +€1,772 = modelled fair value of €135,652 (€1,459/m²), a €102,348 (43.0%) gap versus the €238,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Carvalho Serra | Subject | €238,000 | €2,559 | — | 70 | 53 |
| Setúbal (São Sebastião) · 6fbd3a | Active | €285,000 | €2,457 | 4.0% | 70 | 52 |
| Setúbal (São Sebastião) · 0325bf | Active | €283,000 | €3,110 | 21.5% | 68 | 55 |
| rua António José Baptista, 137A | Active | €270,000 | €2,813 | 9.9% | 72 | 52 |
| rua da Fé, 1 | Active | €309,000 | €2,619 | 2.3% | 68 | 48 |
| Median comp | €284,000 | €2,716 | 6.1% | 69 | 52 |
Long-term rental The property is overpriced at €238,000 compared to its fair value of €135,652, indicating a significant gap of 43.0%. The gross yield of 5.4% does not sufficiently compensate for the inflated price given the average neighborhood characteristics and market conditions. Buy-and-hold Investing in this apartment for the long term may not be prudent, as its price significantly exceeds fair market value, suggesting a potential for stagnation or decline in asset value. While long-term investments typically benefit from appreciation, this property's current valuation undermines such stability and may limit future returns. Value-add renovation The apartment's condition score of 66/100 suggests there may be opportunities for improvement; however, the steep price tag puts the return on investment at risk. Renovating could add value, but with the property significantly overpriced, the potential gains may not justify the renovation costs and overall financial commitment.
Economic Instability Risk The economic stability score of 40/100 indicates a high risk of fluctuating rental income and potential vacancies due to unfavorable market conditions.
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