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.
1-bedroom, 1-bathroom apartment of 66 m² on the 2nd floor, energy rating C. Located on rua Enfermeiros, 3, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment has been converted from a T1 to a T2, enhancing its rental appeal in a central location with strong potential for future value appreciation.
The valuation. The asking price of €220,000 is €36,789 (14.3%) below the fair value of €256,789, indicating that the property is underpriced relative to its market value. Buy-to-flip angle. A buy-to-flip strategy could capitalize on minor renovations to enhance overall appeal and resale price, targeting a quick turnover for profit. Buy-to-let angle. The estimated rental income of €825/month provides a gross yield of 4.5%, making it an attractive option for long-term rental in a mixed neighborhood.
Fair value modelled at €256,789 from 6 comparable sales in the area. Asking €220,000 sits €36,789 (14.3%) below — the upside to fair value.
Asking €220,000 versus the rua Enfermeiros, 3 area baseline of €231,043 (€3,501/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €231,043, adjusted for condition and micro-location, gives a modelled fair value of €256,789 (€3,891/m²), a €36,789 (14.3%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Enfermeiros, 3 | Subject | €220,000 | €3,333 | — | 60 | 46 |
| rua São João de Deus, 77 | Active | €215,000 | €3,644 | 9.3% | 68 | 54 |
| Setúbal (São Sebastião) · 6fb95c | Active | €228,000 | €3,800 | 14.0% | 72 | 46 |
| rua de Arronches Junqueiro, 58 | Active | €269,000 | €5,380 | 61.4% | — | 56 |
| rua Gregório Lopes, 31 | Active | €219,000 | €4,867 | 46.0% | 72 | 58 |
| Median comp | €223,500 | €4,334 | 30.0% | 72 | 55 |
Long-term rental The property in Setúbal presents a solid opportunity for long-term rental, with a yield of 4.5% gross that indicates strong cash flow potential. The apartment's pricing at €220,000 demonstrates a 14.3% gap from its fair value of €256,789, suggesting that it is subvalued in the current market. Buy-and-hold Investing in this 1-bed apartment aligns with a buy-and-hold strategy, as the property is priced below its fair value, offering potential appreciation over time. With a moderate condition rating of 63/100, prudent management could enhance the property’s long-term value in a subvalued segment of the market. Family rental This apartment is well-suited for family rental, benefiting from its spacious layout of 66m² at a competitive price point of €220,000. Given the current fair value analysis, it is positioned attractively for families seeking affordable housing options in a market that is considerably below fair value.
Low Economic Stability Risk The property faces a significant challenge due to a low economic stability score of 35/100, indicating a heightened risk of economic downturns affecting property values and rental income.
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