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 110 m² on the 1st floor, built in 2024, energy rating A. Located on alameda das Praias, 1, Carvalhal parish, Grândola municipality, Setúbal district. This property includes access to exclusive amenities such as a communal pool, spa services, and a bakery, enhancing the luxurious living experience in La Réserve condominium.
The valuation. The asking price of €590,000 sits below the fair value of €687,500 by €97,500 (14.2%). This property is considered underpriced, presenting a compelling investment opportunity in terms of valuation.
Fair value modelled at €687,500 from 5 comparable sales in the area. Asking €590,000 sits €97,500 (14.2%) below — the upside to fair value.
Asking €590,000 versus the alameda das Praias, 1 area baseline of €629,226 (€5,720/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €629,226, adjusted for condition and micro-location, gives a modelled fair value of €687,500 (€6,250/m²), a €97,500 (14.2%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda das Praias, 1 | Subject | €590,000 | €5,364 | — | 80 | 43 |
| Carvalhal · 4bb877 | Active | €600,000 | €8,000 | 49.2% | 74 | 41 |
| Carvalhal · 938574 | Active | €345,000 | €3,108 | 42.1% | 80 | 50 |
| alameda das Praias | Active | €850,000 | €6,250 | 16.5% | 80 | 49 |
| Carvalhal · 1e6686 | Active | €850,000 | €6,250 | 16.5% | 78 | 42 |
| Median comp | €725,000 | €6,250 | 16.5% | 79 | 46 |
Long-term rental Given the apartment's fair value of €687,500, the investment presents a potential upside of 14.2% compared to the listing price of €590,000, making it an attractive option for long-term rental in a growing economy. However, the zero gross yield and a neighbourhood rating of 43/100 indicate challenges in generating consistent cash flow and tenant quality. Buy-and-hold With a current listing that is 14.2% below fair value, this property signifies a promising opportunity for buy-and-hold investors seeking to capitalize on future appreciation. Nonetheless, the low economic diversity and basic amenities in the peripheral location might limit appreciation potential over the long term.
Low Demand Risk The property faces a significant risk due to an economic stability score of 35/100 and a tenant stability score of 45/100, indicating a potentially unstable market and tenant base which could lead to high vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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