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 79 m² on the 3rd floor, built in 1987, energy rating D. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment boasts a well-organized condominium with an elevator, enhancing accessibility in daily life while situated in a tranquil residential area of Setúbal. Key Distinctive Element: The partially renovated interior invites personalization, striking a balance between modern comfort and individual style.
The valuation. The asking price of €249,900 is €40,116 below the fair value of €290,016, indicating the property is subpriced by roughly 13.8%. This offers a significant opportunity for investors seeking value in the current market.
Fair value modelled at €290,016 from 6 comparable sales in the area. Asking €249,900 sits €40,116 (13.8%) below — the upside to fair value.
Asking €249,900 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €252,204 (€3,192/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €252,204, adjusted for condition and micro-location, gives a modelled fair value of €290,016 (€3,671/m²), a €40,116 (13.8%) gap versus the €249,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · 3750ce | Subject | €249,900 | €3,163 | — | 70 | 48 |
| rua Mormugão | Active | €270,000 | €3,750 | 18.5% | 65 | 49 |
| Setúbal (São Sebastião) · b7c263 | Active | €239,000 | €2,812 | 11.1% | — | 42 |
| avenida Bento Jesus Caraça | Active | €219,500 | €3,228 | 2.0% | 70 | 59 |
| Setúbal (São Sebastião) · 938516 | Active | €275,000 | €3,767 | 19.1% | — | 56 |
| Median comp | €254,500 | €3,489 | 10.3% | 68 | 53 |
Long-term rental The 2-bedroom apartment in Setúbal presents an attractive long-term rental opportunity with a gross yield of 3.5%, indicating solid income potential. With a fair value of €290,016, this property is subpriced at €249,900, offering a 13.8% gap, which underscores potential for appreciation in a rural location with basic amenities. Value-add renovation The current condition rating of 68/100 suggests there is room for improvement, making this property a viable candidate for value-add renovations to enhance its appeal and rental potential. Investing in upgrades can further leverage the 13.8% gap to fair value, resulting in increased occupancy and cash flow.
Economic and Tenant Instability Risk: With both Economic stability and Tenant stability scores at 50/100, there is an increased risk of fluctuating rental income and potential vacancies, impacting overall investment profitability.
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