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 94 m² on the 3rd floor, built in 2003, energy rating E. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: Open layout seamlessly connects living areas to two private balconies, enhancing both indoor and outdoor living while maximizing spectacular sea and mountain views.
The valuation. The asking price of €269,900 is notably below the fair value of €305,696, representing a potential undervaluation of €35,796 (11.7%). This positions the property as an attractive investment opportunity. Buy-to-flip angle. A buy-to-flip strategy could leverage the apartment's solid quality and appealing features, aiming for a significant markup upon resale in a slightly improving market. Targeting a speedy flip could yield a profitable return. Buy-to-let angle. With an estimated gross yield of 3.5% based on projected monthly rent of €787, this property presents an appealing long-term rental opportunity, particularly for families in search of stable accommodation in the mixed-character neighbourhood.
Fair value modelled at €305,696 from 6 comparable sales in the area. Asking €269,900 sits €35,796 (11.7%) below — the upside to fair value.
Asking €269,900 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €256,956 (€2,734/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €256,956, adjusted for condition and micro-location, gives a modelled fair value of €305,696 (€3,252/m²), a €35,796 (11.7%) gap versus the €269,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · ee8882 | Subject | €269,900 | €2,871 | — | 72 | 44 |
| rua Alves da Silva, 27 3 | Active | €265,000 | €2,732 | 4.9% | 63 | 58 |
| rua dos Quatro Caminhos | Active | €295,000 | €3,352 | 16.8% | 74 | 48 |
| Setúbal (São Sebastião) · 023929 | Active | €295,000 | €3,512 | 22.3% | 72 | 54 |
| Setúbal (São Sebastião) · f3602a | Active | €275,000 | €3,481 | 21.2% | 70 | 52 |
| Median comp | €285,000 | €3,417 | 19.0% | 71 | 53 |
Long-term rental The 2-bed apartment in Setúbal represents an attractive long-term rental opportunity, with a current yield of 3.5% gross. The property is subvalued by 11.7% compared to its fair value, suggesting a potential for appreciation as the local housing market stabilizes. Family rental With ample space at 94m², this apartment is well-suited for family rental, appealing to tenants seeking a longer-term residence. Given its fair value of €305,696 and the current listing price of €269,900, this property could yield stable rental income in an area that is evolving despite limited urban infrastructure.
Economic Instability Risk The property is located in an area with a low economic stability score of 35/100, indicating potential risks related to economic downturns affecting tenant demand and rental income.
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