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 84 m², built in 1977. Located on rua Frei António das Chagas, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment boasts a private balcony overlooking the serene street, enhancing both natural light and outdoor living space, perfect for relaxation in a central location. Additional Context: This property is a fantastic opportunity to customize according to your style.
The valuation. The asking price of €245,000 is slightly below the fair value of €261,102, indicating a difference of €16,102 (6.2%). This property is considered fairly priced in the current market.
Fair value modelled at €261,102 from 6 comparable sales in the area. Asking €245,000 sits €16,102 (6.2%) below — the upside to fair value.
Asking €245,000 versus the rua Frei António das Chagas area baseline of €240,566 (€2,864/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €240,566, adjusted for condition and micro-location, gives a modelled fair value of €261,102 (€3,108/m²), a €16,102 (6.2%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Frei António das Chagas | Subject | €245,000 | €2,917 | — | 60 | 38 |
| Setúbal (São Sebastião) · 3df435 | Active | €220,000 | €2,558 | 12.3% | 57 | 45 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 023c60 | Active | €345,000 | €3,136 | 7.5% | 55 | 53 |
| Setúbal (São Sebastião) · ade5ac | Active | €240,000 | €2,400 | 17.7% | 65 | 49 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 02382b | Active | €345,000 | €3,080 | 5.6% | 60 | 54 |
| Median comp | €292,500 | €2,819 | 3.3% | 59 | 51 |
Long-term rental The property offers a gross yield of 5%, which is a reasonable return for a long-term rental investment in a neighborhood with moderate tenant quality. Given that the fair value exceeds the listing price by only 6.2%, the investment aligns well with stable income generation but lacks significant upside potential. Agricultural use While the property is framed for residential use, the rural location may present opportunities for agricultural development, albeit with limitations due to the neighborhood's low amenity score of 38. This strategy may provide alternate revenue streams but would depend on satisfying local zoning regulations, which could pose challenges. Buy-and-hold With a fair value that closely mirrors the listing price, this property presents a neutral buy-and-hold opportunity without substantial appreciation prospects given its condition rating of 55/100. Investors should anticipate steady demand but should be cautious of the surrounding area's limited urban development affecting long-term value growth.
Economic instability risk With an economic stability score of 30/100, there is a significant risk that economic downturns could adversely affect tenant demand and property value. Tenant turnover risk Given the tenant stability score of 40/100, frequent turnover may lead to increased vacancy rates and higher costs associated with re-leasing.
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