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 71 m² on the 3rd floor, built in 2009, energy rating B. Located on alameda da Marina S / N, Carvalhal parish, Grândola municipality, Setúbal district. This apartment features a spacious balcony with unobstructed views of the Marina and Garden, offering a serene outdoor retreat ideal for relaxation.
The valuation. The asking price of €405,000 is significantly above the fair value of €295,082, representing an overpriced situation with a difference of €109,918 (37.3%). Buyers should proceed with caution in this inflated market. Buy-to-flip angle. A buy-to-flip strategy might involve minor cosmetic upgrades to leverage the high-quality fixtures, aiming for a quick resale and maximizing returns, although market conditions may affect profit potential. Buy-to-let angle. With a gross yield of 2.7% and an estimated rental income of €911/month, the buy-to-let strategy could generate stable cash flow, but the yield suggests limited upside for long-term investors.
Fair value modelled at €295,082 from 6 comparable sales in the area. Asking €405,000 sits €109,918 (37.3%) above — overpriced versus fair value.
Asking €405,000 versus the alameda da Marina S / N area baseline of €260,470 (€3,669/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 €260,470, adjusted for condition and micro-location, gives a modelled fair value of €295,082 (€4,156/m²), a €109,918 (37.3%) gap versus the €405,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda da Marina S / N | Subject | €405,000 | €5,704 | — | 78 | 50 |
| alameda da Marina S / N | Active | €395,000 | €4,540 | 20.4% | 80 | 44 |
| Carvalhal · 38acd0 | Active | €549,000 | €5,279 | 7.5% | 80 | 50 |
| alameda do Pinherio Manso | Active | €560,000 | €3,218 | 43.6% | 80 | 50 |
| alameda do Pinherio Manso, 13 | Active | €430,000 | €3,772 | 33.9% | 81 | 48 |
| Median comp | €489,500 | €4,156 | 27.1% | 80 | 49 |
Long-term rental The property is currently overpriced at €405,000, presenting a significant gap of 37.3% compared to the fair value of €295,082. With a gross yield of only 2.7%, the investment lacks attractive cash flow potential for a long-term rental strategy. Value-add renovation Investing in renovations for this property may not yield the desired return on investment, given its current valuation is substantially above fair value. The existing condition score of 81/100 indicates reasonable quality, yet the high purchase price diminishes the potential upside from value-add efforts. Family rental Although a family rental strategy could appeal to certain tenants, the property is overpriced at €405,000, limiting profitability. The neighbourhood score of 50/100 suggests average desirability, which combined with high costs, could deter potential family renters. Not ideal for Luxury market, Short-term vacation rental, Student housing Location context Peripheral urban area near Setúbal influences all scores. Assumed moderate safety aligning with Portuguese suburban norms. Neighbourhood dimensions Housing market: Economic: Amenities: Tenant quality:
Economic and Tenant Instability The property faces significant risk due to low economic stability at 45/100 and tenant stability at 50/100, indicating potential challenges in maintaining occupancy and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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