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, 2-bathroom apartment of 111 m² on the 1st floor, built in 1993, energy rating C. Located Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment features a spacious layout with an abundance of natural light and a designated storage room, enhancing practicality for everyday living and organization.
The valuation. The asking price of €349,500 is slightly above the fair value of €332,504, indicating a premium of €16,996, or 5.1%. This property is therefore assessed as being priced fairly in the current market.
Fair value modelled at €332,504 from 6 comparable sales in the area. Asking €349,500 sits €16,996 (5.1%) above — overpriced versus fair value.
Asking €349,500 versus the Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça), Setúbal, Setúbal area baseline of €276,995 (€2,495/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €276,995, adjusted for condition and micro-location, gives a modelled fair value of €332,504 (€2,996/m²), a €16,996 (5.1%) gap versus the €349,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · efdcfe | Subject | €349,500 | €3,149 | — | 70 | 58 |
| rua Madalena Claro | Active | €375,000 | €3,074 | 2.4% | 74 | 52 |
| praceta Lagar de São João, 3 | Active | €385,000 | €3,850 | 22.3% | 74 | 48 |
| avenida dos Ciprestes, 150 | Active | €335,000 | €2,991 | 5.0% | — | 48 |
| avenida Bento de Jesus Caraça, 170 | Active | €265,000 | €2,500 | 20.6% | 68 | 53 |
| Median comp | €355,000 | €3,033 | 3.7% | 74 | 50 |
Long-term rental The property’s gross yield of 3.4% suggests a moderate return for investors aiming for long-term rental income in the suburban area of Setúbal. While the property is fairly priced at €349,500, the relatively low ratings for neighborhood quality may affect occupant demand and rental potential. Value-add renovation Considering the property’s condition score of 68/100, there is room for renovation that could enhance its market appeal and potentially elevate rental income. However, the 5.1% gap versus fair value indicates that any renovation strategy would need to ensure costs do not exceed the return potential given the current fair valuation at €332,504. Not ideal for: Luxury market, Short-term vacation rental
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk that local market conditions could lead to decreased property values or rental income stability.
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