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.
1-bedroom, 1-bathroom apartment of 87 m² on the 1st floor, built in 2008, energy rating B. Located on alameda da Marina S / N, Carvalhal parish, Grândola municipality, Setúbal district. Noteworthy Features: The apartment is part of a renowned tourist development, currently in operation, providing immediate income generation potential while serving as a luxurious holiday retreat by the Sado River.
The valuation. The asking price of €395,000 sits slightly above the fair value of €393,709, suggesting it is priced reasonably at €1,291 (0.3%) above fair. Overall, this property is considered fairly valued.
Fair value modelled at €393,709 from 6 comparable sales in the area. Asking €395,000 sits €1,291 (0.3%) above — overpriced versus fair value.
Asking €395,000 versus the alameda da Marina S / N area baseline of €364,661 (€4,192/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €364,661, adjusted for condition and micro-location, gives a modelled fair value of €393,709 (€4,525/m²), a €1,291 (0.3%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda da Marina S / N | Subject | €395,000 | €4,540 | — | 80 | 44 |
| Carvalhal · 38acd0 | Active | €549,000 | €5,279 | 16.3% | 80 | 50 |
| alameda do Pinherio Manso | Active | €560,000 | €3,218 | 29.1% | 80 | 50 |
| alameda do Zambujeiro | Active | €485,000 | €5,511 | 21.4% | 85 | 48 |
| Carvalhal · 38aceb | Active | €569,000 | €3,407 | 25.0% | 80 | 53 |
| Median comp | €554,500 | €4,343 | 4.3% | 80 | 50 |
Value-add renovation While the property’s current condition is rated at 81/100, strategic renovations could enhance its appeal and increase its value in the long term. However, with the property being fairly priced at €395,000, any return on investment from renovations will need to be carefully assessed against local market conditions. Long-term rental The 2.7% gross yield on this property aligns with the prevailing market conditions, making it a reasonable choice for stable long-term rental income. However, given the rural location and a neighbourhood score of 44/100, investor expectations for tenant demographics and demand should be managed. Not ideal for short-term vacation rental Considering the car-dependent rural nature of Carvalhal and its agricultural economic activities, this property is not suited for a successful short-term vacation rental strategy. The reduced tenant quality in this area also suggests limited appeal for transient stays. Not ideal for luxury market The appraisal of this property in the context of luxury markets is inadequate, especially with its low neighbourhood rating of 44/100. Consequently, there is a lack of amenities and market demand to justify a luxury positioning, making it unsuitable for high-end investments.
[Economic Vulnerability] With an economic stability score of 40/100, there is a significant risk that fluctuations in the local economy could negatively impact property values and rental income stability.
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