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.
4-bedroom, 2-bathroom apartment of 123 m² on the 1st floor, energy rating D. Located Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment includes a 35 m² attic, providing ample storage space and potential for expansion or additional living area in a highly sought-after central location.
The valuation. The asking price of €395,000 sits €11,396 (3.0%) above the fair value of €383,604, indicating that the property is priced fairly but does not present a significant bargain opportunity. Buy-to-flip angle. For a buy-to-flip strategy, the resale plan would involve upgrading the more basic fixtures to attract buyers, targeting a sale price that could enhance margins beyond current valuations. Buy-to-let angle. The estimated rental income of €1,152 per month offers a gross yield of 3.5%, which provides a steady income stream for those looking to hold the property long-term in this relatively safe rural area of Setúbal.
Fair value modelled at €383,604 from 6 comparable sales in the area. Asking €395,000 sits €11,396 (3.0%) above — overpriced versus fair value.
Asking €395,000 versus the Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça), Setúbal, Setúbal area baseline of €327,088 (€2,659/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €327,088, adjusted for condition and micro-location, gives a modelled fair value of €383,604 (€3,119/m²), a €11,396 (3.0%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 6a910a | Subject | €395,000 | €3,211 | — | 70 | 49 |
| praceta José Maria da Silva, 3 | Active | €315,000 | €2,864 | 10.8% | 65 | 52 |
| avenida Doutor António Rodrigues Manito, 14 | Active | €295,000 | €2,682 | 16.5% | 60 | 54 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · ba5ac0 | Active | €360,000 | €3,529 | 9.9% | 75 | 56 |
| praceta Fernando Pessoa | Active | €329,000 | €3,576 | 11.4% | 65 | 45 |
| Median comp | €322,000 | €3,197 | 0.5% | 65 | 53 |
Long-term rental This property, with a fair value of €383,604, offers a yield of 3.5%, which is reasonable for a long-term rental strategy. However, considering its condition rating of 68/100 and the average neighbourhood rating of 49/100, potential investors should carefully evaluate tenant demand and property maintenance in the rural Alentejo region before proceeding. Family rental The 4-bed apartment in Setúbal could attract families looking for a long-term rental that fits their budget, especially given its proximity to schools, although resources may be limited. With a fair value closely matched to its listing price, the property presents a fair opportunity for family rental, yet future upkeep will be critical due to its middling condition. Buy-and-hold As a buy-and-hold investment, this apartment's yield of 3.5% aligns with strategic goals for gradual appreciation in the rural Alentejo market. Nonetheless, the valuation being fair indicates that while it is not overpriced, investors should still consider long-term commitments in a neighbourhood with limited amenities and economic factors. Not ideal for Short-term vacation rental, Luxury market, Student housing are not suitable strategies due to the property’s average ratings and rural location, which do not attract transient or high-end tenants.
[Low Demand Risk] With an economic stability score of 35/100, there may be low demand for this property, affecting occupancy rates and rental income potential.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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