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 134 m² on the 3rd floor, built in 1995, energy rating E. Located on avenida Jaime Cortesão, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment includes a large entrance hall with a video intercom system, enhancing security and convenience for residents and guests.
The valuation. The asking price of €340,000 sits below the fair value of €374,258, resulting in a valuation that is deemed fair with a difference of €34,258 (9.2%).
Fair value modelled at €374,258 from 6 comparable sales in the area. Asking €340,000 sits €34,258 (9.2%) below — the upside to fair value.
Asking €340,000 versus the avenida Jaime Cortesão area baseline of €328,342 (€2,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €328,342, adjusted for condition and micro-location, gives a modelled fair value of €374,258 (€2,793/m²), a €34,258 (9.2%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Jaime Cortesão | Subject | €340,000 | €2,537 | — | 72 | 53 |
| rua da Fé, 1 | Active | €309,000 | €2,619 | 3.2% | 68 | 48 |
| avenida Bento de Jesus Caraça S / N | Active | €320,000 | €2,936 | 15.7% | 75 | 52 |
| rua António José Baptista, 137A | Active | €270,000 | €2,813 | 10.8% | 72 | 52 |
| rua Ana Gonçalves | Active | €335,000 | €3,073 | 21.1% | 66 | 49 |
| Median comp | €314,500 | €2,875 | 13.3% | 70 | 51 |
Long-term rental The property offers a competitive gross yield of 3.8%, which aligns with the modest economic activity typical of Setúbal, making it viable for long-term rental. However, with a fair value of €374,258, the current listing of €340,000 indicates the property is reasonably priced but requires consideration of neighborhood amenities and overall tenant quality. Buy-and-hold Holding this property could prove beneficial given the fair market valuation and the potential for incremental appreciation over time in a stable area like Setúbal. Nonetheless, the challenges presented by modest neighborhood conditions suggest that price growth may be slow, aligning with current economic factors and housing demand. Short-term vacation rental This property is not suitable for short-term vacation rental investments due to its modest neighborhood amenities and transport options that could limit appeal to tourists. The established economic realities of the area suggest a lower potential for consistent occupancy rates compared to more vibrant locales. Luxury market The apartment does not fit within the luxury market due to its lower neighborhood rating and current condition score of 70/100. Investing in high-end developments would likely yield better returns than this particular property in the context of Setúbal's economic environment.
Economic Vulnerability With an economic stability score of 40/100, the property faces heightened risks related to market fluctuations that could affect tenant demand and rental income.
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