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 70 m², built in 1961, energy rating D. Located on rua Jardim de São Bernardo, 1, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Feature: The apartment features a balcony that enhances natural light and offers outdoor space, ideally situated for renovation potential in a bustling urban area.
The valuation. The asking price of €210,000 is underpriced compared to the fair value of €239,621, indicating a difference of €29,621 (12.4%). This positions the property as an attractive opportunity for potential investors seeking value. Buy-to-flip angle. Given the property’s condition rating of 38/100, a buy-to-flip strategy would involve renovating the apartment to improve its appeal and potentially reselling it at a higher price, capitalizing on the fair value estimation. Buy-to-let angle. With an estimated rental income of €858 per month, this property offers a gross yield of 4.9%, making it a viable option for long-term rental and family rental strategies in the mixed neighborhood.
Fair value modelled at €239,621 from 6 comparable sales in the area. Asking €210,000 sits €29,621 (12.4%) below — the upside to fair value.
Asking €210,000 versus the rua Jardim de São Bernardo, 1 area baseline of €244,245 (€3,489/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 38/100 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 €244,245, adjusted for condition and micro-location, gives a modelled fair value of €239,621 (€3,423/m²), a €29,621 (12.4%) gap versus the €210,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jardim de São Bernardo, 1 | Subject | €210,000 | €3,000 | — | 30 | 53 |
| praceta Manuel Rodrigues Coelho, 8 | Active | €190,000 | €4,419 | 47.3% | 38 | 50 |
| rua João Maria Jales | Active | €230,000 | €2,987 | 0.4% | 50 | 44 |
| Setúbal (São Sebastião) · 6d53b8 | Active | €275,000 | €3,198 | 6.6% | — | 54 |
| Setúbal (São Sebastião) · b32a7b | Active | €270,000 | €3,649 | 21.6% | 62 | 55 |
| Median comp | €250,000 | €3,424 | 14.1% | 50 | 52 |
Long-term rental The property in Setúbal is positioned for long-term rental opportunities, given its fair value of €239,621 against the listing price of €210,000, representing a 12.4% pricing gap. With a gross yield of 4.9%, this investment can provide stable cash flow while benefiting from potential property appreciation. Family rental This 2-bed apartment, albeit in a rural setting with limited amenities (53/100), can cater well to families seeking long-term stability in Setúbal. Priced below its fair value, it offers ample opportunity for a family-oriented rental strategy capitalizing on the industrial job market for employment options. Buy-and-hold As a buy-and-hold investment, this property is advantageous given the 12.4% gap from fair value and a solid gross yield of 4.9%. Investors can expect long-term value appreciation, particularly as the neighbourhood stabilizes and develops further amenities, making it attractive to future buyers or renters.
Economic and Tenant Instability Risk With both economic and tenant stability scores at 55/100, there is a significant risk of potential financial volatility affecting rental income and property value.
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