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, 1-bathroom apartment of 91 m², built in 1995, energy rating D. Located on avenida Bento de Jesus Caraça, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Unique Feature: The apartment includes a renovated sunroom that provides additional living space and natural light, ideal for relaxation or as a small home office. Condition Note: The blend of modern updates with some original elements allows for creative customization while maintaining comfort.
The valuation. The asking price of €240,000 sits significantly below the fair value of €290,769, representing a discount of €50,769 (17.5%). This property is clearly underpriced, creating a compelling investment opportunity.
Fair value modelled at €290,769 from 6 comparable sales in the area. Asking €240,000 sits €50,769 (17.5%) below — the upside to fair value.
Asking €240,000 versus the avenida Bento de Jesus Caraça area baseline of €251,457 (€2,763/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €251,457, adjusted for condition and micro-location, gives a modelled fair value of €290,769 (€3,195/m²), a €50,769 (17.5%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Bento de Jesus Caraça | Subject | €240,000 | €2,637 | — | 68 | 53 |
| praceta Manuel Envia | Active | €365,000 | €3,802 | 44.2% | 55 | 58 |
| rua das Dálias, 6 | Active | €254,900 | €2,999 | 13.7% | 68 | 44 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 032543 | Active | €280,000 | €3,636 | 37.9% | 62 | 46 |
| Setúbal (São Sebastião) · 261fdf | Active | €285,000 | €3,239 | 22.8% | 72 | 53 |
| Median comp | €282,500 | €3,438 | 30.3% | 65 | 50 |
Long-term rental The property presents a solid gross yield of 3.6%, making it an attractive option for stable rental income in a moderately demanding area. With a fair value considerably above the listing price, it offers potential for consistent cash flow while minimizing vacancy risk. Buy-and-hold Given the 17.5% gap from fair value, this property is well-positioned for long-term appreciation in a market that has room for growth despite its current pricing. Holding on to this asset could capitalize on future economic improvements as Setúbal develops further. Value-add renovation The property’s 66/100 condition score suggests opportunities to enhance value through strategic renovations, potentially increasing its appeal in the rental market. Investing in upgrades could not only elevate the aesthetic and functional aspects but also boost yields in the long run. Not ideal for Student housing, luxury market, short-term vacation rental.
Low Demand Risk The economic stability score of 50/100 suggests weak economic conditions, which could lead to lower tenant demand and higher vacancy rates.
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