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 100 m², built in 1995, energy rating C. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment includes a dedicated laundry support room, enhancing storage solutions and improving convenience for daily activities in a well-distributed layout.
The valuation. The asking price of €240,000 sits below the fair value of €294,409 by €54,409 (18.5%). This presents an advantageous opportunity for potential investors seeking value in the market.
Fair value modelled at €294,409 from 6 comparable sales in the area. Asking €240,000 sits €54,409 (18.5%) below — the upside to fair value.
Asking €240,000 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €262,083 (€2,621/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 is below the parish average, reducing 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 €262,083, adjusted for condition and micro-location, gives a modelled fair value of €294,409 (€2,944/m²), a €54,409 (18.5%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · ade5ac | Subject | €240,000 | €2,400 | — | 65 | 49 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 4a45f2 | Active | €299,000 | €2,646 | 10.3% | 65 | 47 |
| Setúbal (São Sebastião) · 25f4d9 | Active | €349,000 | €3,088 | 28.7% | — | 40 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 001756 | Active | €279,000 | €3,207 | 33.6% | 70 | 51 |
| avenida dos Ciprestes, 150 | Active | €335,000 | €2,991 | 24.6% | — | 48 |
| Median comp | €317,000 | €3,040 | 26.6% | 68 | 48 |
Long-term rental With a fair value of €294,409, this 3-bed apartment in Setúbal is priced at €240,000, indicating a potential underpriced opportunity with an 18.5% gap. The target yield of 5% gross suggests a favorable return for long-term rental investors despite the basic neighborhood amenities. Value-add renovation The current condition score of 61/100 indicates room for improvement, making this property a viable candidate for value-add renovation strategies. Upgrading the apartment and enhancing its appeal could significantly increase both its market value and rental income, aligning well with the underpriced valuation. Not ideal for luxury market The property is situated in a neighborhood with a score of 49/100, which showcases limited appeal for the luxury market. Hence, pursuing strategies in this segment would fail to align with the property's overall value proposition. Not ideal for short-term vacation rental Given the rural Alentejo location and basic infrastructure, the property is not suitable for short-term vacation rental strategies. The car dependency and remote nature of the area limit its attractiveness for this market. Not ideal for student housing The agricultural context and low neighborhood ratings make this apartment undesirable for student housing investment. A lack of nearby educational facilities and entertainment options further detracts from its suitability in this sector.
High vacancy risk With an economic stability score of 35/100 and a tenant stability score of 50/100, there is a significant risk of high vacancy rates, which could lead to decreased rental income and increased turnover costs.
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