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 77 m² on the 1st floor, built in 1995. Located on rua Forte da Bela Vista, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment includes a pantry for additional storage and a small office room, enhancing its functionality for modern living despite its dated condition.
The valuation. The asking price of €150,000 sits €27,004 below the fair value of €177,004, indicating it is underpriced by 15.3%. This provides an attractive opportunity for strategic investment.
Fair value modelled at €177,004 from 6 comparable sales in the area. Asking €150,000 sits €27,004 (15.3%) below — the upside to fair value.
Asking €150,000 versus the rua Forte da Bela Vista area baseline of €182,941 (€2,376/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 37/100 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 €182,941, adjusted for condition and micro-location, gives a modelled fair value of €177,004 (€2,299/m²), a €27,004 (15.3%) gap versus the €150,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Forte da Bela Vista | Subject | €150,000 | €1,948 | — | 35 | 49 |
| rua Libânio Braga | Active | €235,000 | €2,304 | 18.3% | 30 | 45 |
| Gâmbia-Pontes-Alto da Guerra · 6d5405 | Active | €150,000 | €2,419 | 24.2% | — | 45 |
| rua Major Perestrelo da Conceição S / N | Active | €245,000 | €2,188 | 12.3% | 35 | 58 |
| rua Diogo Cão | Active | €225,000 | €2,368 | 21.6% | 45 | 47 |
| Median comp | €230,000 | €2,336 | 19.9% | 35 | 46 |
Long-term rental The 2-bed apartment in Setúbal offers an attractive gross yield of 4.9%, making it a favorable option for long-term rental investors. With a fair value assessment indicating a 15.3% gap, this property presents an opportunity for steady cash flow in a rural setting. Buy-and-hold Given its subpar condition rating of 37/100, the property presents a strategic buy-and-hold opportunity, especially as the market stabilizes over time. The current listing price reflects a potential appreciation possibility, especially in light of its 15.3% undervalued assessment compared to fair value. Value-add renovation Investing in value-add renovation could significantly enhance the apartment's appeal, considering its condition rating and the existing fair value gap of 15.3%. An improvement in the property could increase rental income and long-term value, aligning with the market's growth potential in the region.
Tenant turnover risk High tenant turnover is expected due to a low tenant stability score of 50/100, potentially resulting in increased vacancy rates and higher leasing costs.
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