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, 2-bathroom apartment of 118 m² on the 6th floor, built in 2002, energy rating C. Located on alameda dos Plátanos, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment offers unobstructed views of Setúbal’s skyline, enhancing its appeal and promoting a tranquil living environment due to its elevated 6th-floor position.
The valuation. The asking price of €290,000 sits €34,001 below fair value, indicating the property is underpriced by 10.5%. This presents a solid buy opportunity in a suburban market.
Fair value modelled at €324,001 from 6 comparable sales in the area. Asking €290,000 sits €34,001 (10.5%) below — the upside to fair value.
Asking €290,000 versus the alameda dos Plátanos area baseline of €296,004 (€2,509/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €296,004, adjusted for condition and micro-location, gives a modelled fair value of €324,001 (€2,746/m²), a €34,001 (10.5%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda dos Plátanos | Subject | €290,000 | €2,458 | — | 60 | 54 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 4a45f2 | Active | €299,000 | €2,646 | 7.7% | 65 | 47 |
| Setúbal (São Sebastião) · 25f4d9 | Active | €349,000 | €3,088 | 25.7% | — | 40 |
| avenida República da Guiné-Bissau | Active | €350,000 | €2,846 | 15.8% | 54 | 48 |
| rua de Badajoz | Active | €299,000 | €2,646 | 7.7% | 65 | 47 |
| Median comp | €324,000 | €2,746 | 11.7% | 65 | 47 |
Long-term rental Given the property’s listing price of €290,000, which is 10.5% below its fair value, the potential for stable long-term rental income at a gross yield of 3.6% is promising. While the condition and neighborhood ratings are average, the coastal influence of Setúbal could attract long-term tenants looking for suburban living. Value-add renovation With a fair value significantly higher than the listing price, there is an opportunity to invest in renovations that could improve the property’s condition rating of 55/100, ultimately increasing its market appeal. By enhancing both the property and neighborhood qualities, future returns on investment could be substantially improved, tapping into the growing suburban demand in Setúbal.
Economic and Tenant Instability Risk The property faces potential income fluctuations due to both economic and tenant stability scores being at a low 50/100, indicating a higher likelihood of vacancies and unreliable rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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