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 103 m², energy rating F. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment includes original period tile flooring and high ceilings, offering potential character once renovation is completed.
The valuation. The asking price of €269,500 is €53,545 (16.6%) below the fair value of €323,045, indicating that the property is underpriced. This represents an excellent entry point for investors seeking value in Setúbal.
Fair value modelled at €323,045 from 6 comparable sales in the area. Asking €269,500 sits €53,545 (16.6%) below — the upside to fair value.
Asking €269,500 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €358,528 (€3,481/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 18/100 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 €358,528, adjusted for condition and micro-location, gives a modelled fair value of €323,045 (€3,136/m²), a €53,545 (16.6%) gap versus the €269,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · 828f92 | Subject | €269,500 | €2,617 | — | 15 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 831839 | Active | €345,000 | €3,136 | 19.9% | 15 | 48 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · a8074c | Active | €345,000 | €3,136 | 19.9% | 20 | 56 |
| Setúbal (São Sebastião) · 6a952e | Active | €250,000 | €2,252 | 13.9% | 30 | 49 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 831596 | Active | €345,000 | €3,136 | 19.9% | 25 | 53 |
| Median comp | €345,000 | €3,136 | 19.9% | 23 | 51 |
Long-term rental The property in Setúbal presents an attractive option for long-term rental, given its fair value of €323,045 compared to the listing price of €269,500, indicating a 16.6% gap. With a gross yield of 3.4%, it offers a steady income potential despite the less favorable condition and neighborhood ratings. Buy-and-hold Investing in this property as a buy-and-hold strategy appears to be advantageous, as it is listed at a price significantly below its fair value. The combination of a 3.4% gross yield and the potential for appreciation over time makes it a worthwhile long-term investment despite the challenges of the rural setting. Short-term vacation rental This property is not suitable for a short-term vacation rental strategy due to its rural location and the car-dependence that limits accessibility and attractions for transient visitors. Additionally, the neighborhood's 46/100 rating suggests a lack of amenities that are typically desirable for short-term renters. Luxury market Positioning this property in the luxury market is unrealistic as its condition (18/100) and neighborhood rating (46/100) do not align with luxury standards. The gap to fair value does not suggest that there is a luxury market opportunity in this area. Student housing The apartment does not cater well to the student housing market, as the rural location and limited amenities may fail to attract tenants seeking university proximity. Furthermore, the condition and neighborhood ratings indicate it may not meet the expectations of student renters looking for quality housing options.
High Tenant Turnover Risk With a tenant stability score of 50/100, there is a significant risk of high turnover rates, potentially leading to increased vacancy periods and costs.
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