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 90 m² on the 2nd floor, energy rating C. Located on rua Vasco da Gama, 24, Fernão Ferro parish, Seixal municipality, Setúbal district. Noteworthy Features: The apartment boasts a garage space for secure parking and is situated in a vibrant neighborhood with quick access to major roadways and local amenities.
The valuation. The asking price of €350,000 is significantly above the fair value of €311,503, resulting in an excess of €38,497 (12.4%). This indicates the property is overpriced.
Fair value modelled at €311,503 from 6 comparable sales in the area. Asking €350,000 sits €38,497 (12.4%) above — overpriced versus fair value.
Asking €350,000 versus the rua Vasco da Gama, 24 area baseline of €291,989 (€3,244/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €291,989, adjusted for condition and micro-location, gives a modelled fair value of €311,503 (€3,461/m²), a €38,497 (12.4%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama, 24 | Subject | €350,000 | €3,889 | — | 72 | 76 |
| União das Freguesias do Seixal, Arrentela e Aldeia de Paio Pires · 6a9189 | Active | €286,000 | €4,086 | 5.1% | 75 | 74 |
| União das Freguesias do Seixal, Arrentela e Aldeia de Paio Pires · 3a728a | Active | €276,421 | €3,499 | 10.0% | 72 | 75 |
| avenida 1º de Dezembro | Active | €249,900 | €3,423 | 12.0% | 72 | 61 |
| rua Licínio Laranjeira, 3 | Active | €240,000 | €3,333 | 14.3% | 70 | 66 |
| Median comp | €263,161 | €3,461 | 11.0% | 72 | 70 |
Long-term rental The property is overpriced, with a fair value of €311,503 compared to the listing price of €350,000, indicating a 12.4% gap. With a gross yield of only 3.2%, the investment may not provide adequate returns over time, making it less appealing for long-term rental. Family rental Given the apartment's condition rating of 77/100 and a neighbourhood score of 76/100, the property may attract families seeking suburban living. However, the high price in relation to its fair value diminishes its attractiveness for family rental purposes. Buy-and-hold Although the property is within a desirable area of Greater Lisbon, its listing price significantly exceeds its fair value, suggesting speculative pricing. As a buy-and-hold investment, this property may not yield favorable returns, considering its gross yield of 3.2% against the backdrop of an overpriced market.
Economic Sensitivity Risk The combined economic and tenant stability score of 75/100 suggests that fluctuations in the local economy could impact occupancy rates and rental prices significantly.
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