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 97 m² on the 3rd floor. Located Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The property includes a large 40m² storage room that has been converted into a functional two-bedroom unit, optimizing space for varied uses like office or guest accommodations.
The valuation. The asking price of €299,000 is slightly above the fair value of €294,840, representing a premium of €4,160 (1.4%). This positioning indicates the property is priced fairly within the current market. Buy-to-flip angle. With minor renovations and cosmetic updates, the resale strategy could target a price increase to capitalize on market demand. Given the moderate condition, enhancements can attract buyers seeking move-in ready options. Buy-to-let angle. The estimated rental income of €1,022/month yields approximately 4.1%, supporting a stable long-term investment strategy. This income level should provide a reliable cash flow while covering management and maintenance expenses.
Fair value modelled at €294,840 from 6 comparable sales in the area. Asking €299,000 sits €4,160 (1.4%) above — overpriced versus fair value.
Asking €299,000 versus the Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça), Setúbal, Setúbal area baseline of €263,177 (€2,713/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 59/100 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 €263,177, adjusted for condition and micro-location, gives a modelled fair value of €294,840 (€3,040/m²), a €4,160 (1.4%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · ee8939 | Subject | €299,000 | €3,082 | — | 54 | 56 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 032543 | Active | €280,000 | €3,636 | 18.0% | 62 | 46 |
| rua das Dálias, 6 | Active | €254,900 | €2,999 | 2.7% | 68 | 44 |
| rua Luís Gonzaga do Nascimento, 6 | Active | €265,000 | €2,944 | 4.5% | 58 | 56 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 02382b | Active | €345,000 | €3,080 | 0.1% | 60 | 54 |
| Median comp | €272,500 | €3,040 | 1.4% | 61 | 50 |
Long-term rental The property offers a gross yield of 4.1%, indicative of steady rental income potential in a semi-rural location like Setúbal. With a fair value closely aligning to the listing price, this investment aligns with consistent cash flow expectations but does not present an undervalued opportunity. Buy-and-hold A buy-and-hold strategy could prove reasonable given the property’s fair valuation and potential for appreciation in a stable market. However, with a condition rating of 59/100 and a neighbourhood score of 56/100, long-term value growth may be limited, falling short of a bargain investment.
High Economic Risk The low economic stability score of 40/100 indicates a higher likelihood of market volatility and potential declines in property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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