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 100 m² on the 2nd floor, energy rating D. Located on rua Antiga Fábrica do Tomate, Azeitão (São Lourenço e São Simão) parish, Setúbal municipality, Setúbal district. This apartment features high-quality finishes and thoughtful design, including two inviting balconies that enhance the living and kitchen spaces, perfect for enjoying the surrounding natural beauty.
The valuation. The asking price of €380,000 is slightly below the fair value of €388,889, sitting at just 2.3% under fair market value. This positions the property as fairly valued within the current market conditions.
Fair value modelled at €388,889 from 5 comparable sales in the area. Asking €380,000 sits €8,889 (2.3%) below — the upside to fair value.
Asking €380,000 versus the rua Antiga Fábrica do Tomate area baseline of €324,639 (€3,246/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €324,639, adjusted for condition and micro-location, gives a modelled fair value of €388,889 (€3,889/m²), a €8,889 (2.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Antiga Fábrica do Tomate | Subject | €380,000 | €3,800 | — | 80 | 74 |
| Quinta do Conde · 938601 | Active | €270,000 | €3,140 | 17.4% | 75 | 68 |
| Azeitão (São Lourenço e São Simão) · 89349f | Active | €300,000 | €4,286 | 12.8% | 70 | 66 |
| Quinta do Conde · 9387b1 | Active | €265,000 | €4,417 | 16.2% | 70 | 68 |
| rua Piteira Santos | Active | €350,000 | €3,889 | 2.3% | 71 | 67 |
| Median comp | €285,000 | €4,088 | 7.6% | 71 | 68 |
Long-term rental The property is currently listed at €380,000, which is just 2.3% below its fair value of €388,889, reflecting a stable investment with a yield of 2.8%. The decent tenant quality and suburban characteristics make it a viable option for stable long-term tenants. Family rental With a gross yield of 2.8% and adequate neighborhood amenities, this 2-bed apartment in Azeitão is well-suited for family rentals. Its proximity to Lisbon enhances its appeal for families looking for suburban living without sacrificing access to urban conveniences. Buy-and-hold Despite being fairly priced at €380,000, the apartment offers a solid long-term potential thanks to its stable condition rating of 79/100 and a neighborhood score of 74/100. The proximity to Lisbon suggests that property values may appreciate over time, making it suitable for a buy-and-hold strategy.
Moderate Risk of Economic Fluctuations With both economic stability and tenant stability scores at 70/100, there is a risk of potential fluctuations in rental revenue and occupancy rates that could impact the investment's profitability.
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