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 89 m², built in 1976, energy rating D. Located Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features two balconies totaling 10 m², enhancing outdoor living space and providing direct access from both the kitchen and one bedroom.
The valuation. The asking price of €299,000 is slightly above the fair value of €295,926, making it 1.0% overvalued. This indicates that the property is fairly priced but may not present an immediate investment advantage.
Fair value modelled at €295,926 from 6 comparable sales in the area. Asking €299,000 sits €3,074 (1.0%) above — overpriced versus fair value.
Asking €299,000 versus the Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça), Setúbal, Setúbal area baseline of €250,146 (€2,811/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €250,146, adjusted for condition and micro-location, gives a modelled fair value of €295,926 (€3,325/m²), a €3,074 (1.0%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · f46c83 | Subject | €299,000 | €3,360 | — | 62 | 54 |
| rua da Fé, 1 | Active | €309,000 | €2,619 | 22.1% | 68 | 48 |
| rua Fernao Lopes14, 3 | Active | €296,000 | €2,902 | 13.6% | 62 | 48 |
| Setúbal (São Sebastião) · 6fbd3a | Active | €285,000 | €2,457 | 26.9% | 70 | 52 |
| praça do Brasil | Active | €280,000 | €3,544 | 5.5% | 65 | 49 |
| Median comp | €290,500 | €2,761 | 17.8% | 67 | 49 |
Long-term rental The 3-bed apartment in Setúbal presents a gross yield of 4.1%, suggesting stable cash flow potential for long-term rental investors. Given its fair value of €295,926, the pricing at €299,000 indicates a minimal gap, making it a generally reasonable investment for this strategy. Value-add renovation With a condition score of 68/100, the apartment offers an opportunity for value-add renovations to improve its appeal and potentially increase rental income. Investing in upgrades could enhance the property’s attractiveness in a neighbourhood that presents a modest overall score of 54/100 while maintaining a fair pricing status.
Economic Vulnerability Due to an economic stability score of 45/100, the property is at risk of declining demand and potential rental income issues.
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