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.
2-bedroom, 1-bathroom apartment of 95 m² on the 2nd floor. Located on rua João Maria Jales, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment boasts excellent natural lighting complemented by a private balcony, enhancing both indoor comfort and outdoor relaxation in a centrally located residential area.
The valuation. The asking price of €289,900 is substantially below the fair value of €350,353, indicating the property is underpriced by €60,453 (17.3%). This presents a compelling opportunity for investors seeking value.
Fair value modelled at €350,353 from 6 comparable sales in the area. Asking €289,900 sits €60,453 (17.3%) below — the upside to fair value.
Asking €289,900 versus the rua João Maria Jales area baseline of €295,062 (€3,106/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €295,062, adjusted for condition and micro-location, gives a modelled fair value of €350,353 (€3,688/m²), a €60,453 (17.3%) gap versus the €289,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Maria Jales | Subject | €289,900 | €3,052 | — | 72 | 55 |
| rua do Mirante | Active | €279,000 | €3,623 | 18.7% | 74 | 42 |
| avenida Rodrigues Manito | Active | €299,000 | €4,983 | 63.3% | — | 48 |
| rua União das Freguesias de Setúbal | Active | €275,000 | €3,571 | 17.0% | 75 | 48 |
| Setúbal (São Sebastião) · 468026 | Active | €235,000 | €2,938 | 3.7% | 72 | 49 |
| Median comp | €277,000 | €3,597 | 17.9% | 74 | 48 |
Value-add renovation The property presents an opportunity for value-add renovation, with a fair value significantly higher than its current listing price, indicating an investment potential of 17.3%. The apartment's condition rating of 74/100 suggests areas for improvement that could elevate both its aesthetic appeal and market value. Long-term rental At a rental yield of 3.6%, the property can serve as a stable long-term rental investment, especially given the underlying fair value advantage. Its location, while rural, offers potential for secure tenancies, benefiting from some tourism-related activities given its proximity to the coast. Not ideal for short-term vacation rental This property is not suitable for short-term vacation rentals due to the predominantly rural nature of the area, which may lack the consistent demand required for this strategy. Furthermore, the neighborhood's overall performance score of 55/100 suggests limitations on transient rental attractiveness. Not ideal for student housing The apartment is not optimal for student housing given its rural location, which may not provide adequate amenities or accessibility to educational institutions. Additionally, the tenant quality and housing market conditions do not support a reliable student rental demographic.
Economic Vulnerability With an economic stability score of 45/100, there is a heightened risk of economic downturn affecting tenant retention and property value.
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