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 80 m² on the 3rd floor, built in 1976, energy rating F. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This apartment offers the unique advantage of two balconies, enhancing outdoor living space in an urban environment, along with ample attic storage for additional convenience.
The valuation. The asking price of €220,000 is significantly below the fair value of €279,717, indicating a potential opportunity for investors. This places the property underpriced by €59,717 or 21.3%.
Fair value modelled at €279,717 from 6 comparable sales in the area. Asking €220,000 sits €59,717 (21.3%) below — the upside to fair value.
Asking €220,000 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €247,103 (€3,089/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €247,103, adjusted for condition and micro-location, gives a modelled fair value of €279,717 (€3,496/m²), a €59,717 (21.3%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · 5e635e | Subject | €220,000 | €2,750 | — | 65 | 50 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · b3298f | Active | €244,000 | €3,536 | 28.6% | 70 | 51 |
| rua Alves da Silva, 27 3 | Active | €265,000 | €2,732 | 0.7% | 63 | 58 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 225cc7 | Active | €219,900 | €3,234 | 17.6% | 60 | 53 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 95709f | Active | €240,000 | €3,810 | 38.5% | 60 | 43 |
| Median comp | €242,000 | €3,385 | 23.1% | 62 | 52 |
Long-term rental The 2-bed apartment in Setúbal presents an attractive opportunity for long-term rental, given its competitive 4.5% gross yield and substantial 21.3% gap below fair value. While the neighborhood's score of 50/100 indicates some limitations, the current market positioning suggests solid tenant demand over time. Value-add renovation Investing in value-add renovations could significantly enhance the apartment's appeal, as evidenced by its 64/100 condition score and proximity to a fair value that is 21.3% higher than the listing price. Improvements could elevate the property’s status and potential return on investment, making it a more competitive option in a basic amenity landscape. Not ideal for luxury market Considering the rural context and limited economic diversification, entering the luxury market with this property is not advisable, as its features do not align with high-end buyer expectations. The apartment’s value proposition is better suited for standard rental markets where affordable housing is more relevant. Not ideal for short-term vacation rental With the area being rural and amenities reliant on nearby towns, the apartment is not positioned to attract the short-term vacation rental market, potentially limiting cash flow opportunities. The neighborhood's overall score of 50/100 suggests that its appeal for transient visitors may be low. Not ideal for student housing The rural setting and basic availability of amenities render this apartment inadequate for student housing, which typically requires vibrant urban environments and robust local services. This limits the potential tenant pool, making it an unfavorable investment strategy in this context.
Low Economic Resilience With an economic stability score of 40/100, there is a significant risk that adverse market conditions could negatively impact property value and rental income.
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