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 92 m² on the 1st floor, built in 1977, energy rating D. Located on rua Bartolomeu Dias, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment boasts two balconies, including one with stunning river views, enhancing the living space and providing a serene outdoor escape in the bustling city of Setúbal.
The valuation. The asking price of €239,900 is significantly below the fair value of €288,737, indicating a discount of €48,837 (16.9%). This property is underpriced and presents a lucrative investment opportunity.
Fair value modelled at €288,737 from 6 comparable sales in the area. Asking €239,900 sits €48,837 (16.9%) below — the upside to fair value.
Asking €239,900 versus the rua Bartolomeu Dias area baseline of €242,906 (€2,640/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €242,906, adjusted for condition and micro-location, gives a modelled fair value of €288,737 (€3,138/m²), a €48,837 (16.9%) gap versus the €239,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bartolomeu Dias | Subject | €239,900 | €2,608 | — | 70 | 43 |
| rua Nossa Senhora do Carmo, 26 | Active | €250,000 | €3,125 | 19.8% | 70 | 53 |
| rua Salvador Pereira Amália | Active | €215,000 | €2,756 | 5.7% | 64 | 50 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · cfe29b | Active | €243,900 | €3,049 | 16.9% | 68 | 45 |
| Setúbal (São Sebastião) · f360c5 | Active | €275,000 | €3,438 | 31.8% | 70 | 63 |
| Median comp | €246,950 | €3,087 | 18.4% | 69 | 52 |
Long-term rental The 2-bed apartment in Setúbal, listed at €239,900, presents a compelling long-term rental opportunity given its yield of 4.2% gross. However, with a fair value of €288,737, the property is currently underpriced by 16.9%, suggesting it could attract stable, long-term tenants seeking value. Family rental This property is well-suited for family rental due to its size and the relatively affordable listing price of €239,900. With a fair value of €288,737 indicating it is underpriced by 16.9%, families looking for space will find this an attractive option in the market despite limited amenities. Buy-and-hold As a buy-and-hold investment, this 2-bed apartment is attractive with its current listing of €239,900, representing a significant opportunity given its fair value of €288,737, thereby being underpriced by 16.9%. The property’s potential for long-term appreciation and decent yield marks it as a favourable addition to an investment portfolio despite the area's rural characteristics.
Weak Economic Conditions The property faces significant investment risk due to an economic stability score of 35/100, indicating adverse market conditions that could impact tenant demand and rental income.
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