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.
1-bedroom, 1-bathroom apartment of 70 m² on the 1st floor, built in 2009, energy rating B. Located on alameda da Marina S / N, Carvalhal parish, Grândola municipality, Setúbal district. This apartment features a private parking space and stunning views of the Bay of Setúbal, making it a rare find in a prime coastal location.
The valuation. The asking price of €415,000 is significantly above the fair value of €343,668, representing an overvaluation of €71,332 (20.8%). This property is priced beyond its true market worth. Buy-to-flip angle. The buy-to-flip strategy would require aggressive renovations to enhance resale appeal, yet the current valuation suggests limited profit potential given the premium price. Optimal resale may prove challenging without substantial market appreciation. Buy-to-let angle. With a gross yield of 2.6%, the estimated rental income of €899/month reflects a modest return on investment, suitable for long-term family rentals. However, neighborhood mixed ratings indicate potential tenant demand may be inconsistent.
Fair value modelled at €343,668 from 6 comparable sales in the area. Asking €415,000 sits €71,332 (20.8%) above — overpriced versus fair value.
Asking €415,000 versus the alameda da Marina S / N area baseline of €308,761 (€4,411/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €308,761, adjusted for condition and micro-location, gives a modelled fair value of €343,668 (€4,910/m²), a €71,332 (20.8%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda da Marina S / N | Subject | €415,000 | €5,929 | — | 78 | 57 |
| alameda da Marina S / N | Active | €395,000 | €4,540 | 23.4% | 80 | 44 |
| alameda da Marina S / N | Active | €405,000 | €5,704 | 3.8% | 78 | 50 |
| Carvalhal · 38acd0 | Active | €549,000 | €5,279 | 11.0% | 80 | 50 |
| alameda do Pinherio Manso | Active | €560,000 | €3,218 | 45.7% | 80 | 50 |
| Median comp | €477,000 | €4,910 | 17.2% | 80 | 50 |
Long-term rental This property exhibits a significant gap of 20.8% from its fair value, indicating it is overpriced at €415,000 amidst a moderate demand market. With a gross yield of only 2.6%, the potential return does not justify the high initial investment. Buy-and-hold Investing in this 1-bed apartment at €415,000 is not advisable due to its overvaluation relative to the estimated fair value of €343,668. The long-term prospects are limited due to the neighbourhood's average safety rating of 57/100 and the relatively low-quality amenities available. Family rental Given the property’s fair value assessment and gross yield, it is overpriced for family rental purposes. The neighbourhood’s moderate demand and average school access indicate limited appeal for families, further undermining the investment rationale.
Economic Vulnerability With an economic stability score of 55/100, there is a significant risk of economic downturn impacting tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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