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 house of 179 m², built in 1991, energy rating E. Located on rua da Padaria, 199, Azeitão (São Lourenço e São Simão) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The property offers a customizable upper floor in its raw state, allowing for expansion into six divisions with a separate entrance, ideal for multi-generational living or rental income potential.
The valuation. The asking price of €480,000 sits €98,949 (17.1%) below the fair value of €578,949, indicating that this property is underpriced. This presents an excellent opportunity for investment.
Fair value modelled at €578,949 from 6 comparable sales in the area. Asking €480,000 sits €98,949 (17.1%) below — the upside to fair value.
Asking €480,000 versus the rua da Padaria, 199 area baseline of €565,143 (€3,157/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €565,143, adjusted for condition and micro-location, gives a modelled fair value of €578,949 (€3,234/m²), a €98,949 (17.1%) gap versus the €480,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Padaria, 199 | Subject | €480,000 | €2,682 | — | 60 | 67 |
| Azeitão (São Lourenço e São Simão) · 144181 | Active | €263,000 | €2,922 | 9.0% | 50 | 70 |
| rua da Serração, 23 | Active | €710,500 | €3,367 | 25.6% | — | 66 |
| Azeitão (São Lourenço e São Simão) · f35ddb | Active | €710,000 | €3,365 | 25.5% | — | 71 |
| rua Damião de Góis | Active | €329,000 | €3,104 | 15.7% | 52 | 70 |
| Median comp | €519,500 | €3,235 | 20.6% | 51 | 70 |
Long-term rental With a fair value of €578,949, the property is currently priced at €480,000, indicating an attractive opportunity with a 17.1% gap to fair value. The gross yield of 2.7% reflects a steady potential income, making it an ideal choice for long-term rental in a modestly commutable suburb like Azeitão. Family rental The property’s location in Azeitão is appealing for families seeking proximity to Lisbon, complemented by a neighbourhood score of 67/100. The combination of spacious living and modest amenities positions the house as a competitive option for family rental despite its 55/100 condition rating. Buy-and-hold Given the current listing price below fair value, this property represents a strong buy-and-hold opportunity with expected appreciation in the long term. The steady demand for family housing near Lisbon, paired with its moderate gross yield, supports a positive investment outlook.
Economic Vulnerability The economic stability score of 70 suggests potential fluctuations in market conditions that could impact rental income and property value.
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