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 369 m², built in 1988, energy rating C. Located on rua Serafim dos Santos S / N, Azeitão (São Lourenço e São Simão) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This property includes a recently replaced roof and has initiated modernization, providing a strong foundation for customization in a traditional residential setting with ample outdoor space.
The valuation. The asking price of €350,000 is significantly below the fair value of €852,328, indicating an opportunity as the property is underpriced by €502,328 (58.9%).
Fair value modelled at €852,328 from 6 comparable sales in the area. Asking €350,000 sits €502,328 (58.9%) below — the upside to fair value.
Asking €350,000 versus the rua Serafim dos Santos S / N area baseline of €1,014,814 (€2,750/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 24/100 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 €1,014,814, adjusted for condition and micro-location, gives a modelled fair value of €852,328 (€2,310/m²), a €502,328 (58.9%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serafim dos Santos S / N | Subject | €350,000 | €949 | — | 20 | 47 |
| Azeitão (São Lourenço e São Simão) · 23f517 | Active | €230,000 | €2,347 | 147.4% | 56 | 62 |
| Azeitão (São Lourenço e São Simão) · cc99f4 | Active | €350,000 | €2,273 | 139.6% | 40 | 76 |
| Azeitão (São Lourenço e São Simão) · 1f33dd | Active | €427,000 | €2,372 | 150.1% | 25 | 66 |
| Azeitão (São Lourenço e São Simão) · ba3fd5 | Active | €299,000 | €2,451 | 158.4% | 45 | 55 |
| Median comp | €324,500 | €2,360 | 148.8% | 43 | 64 |
Value-add renovation The property presents an opportunity for a significant value-add through renovations, considering it is currently rated at just 24/100 in condition. Investing in upgrades could align the apartment's value closer to the fair market value of €852,328, realizing a potential appreciation of 58.9%. Long-term rental This apartment in Azeitão could serve as a long-term rental property, appealing to families or long-term tenants despite its subpar neighborhood rating of 47/100. With the potential for value appreciation, the property could generate positive returns as the market stabilizes and improves over time. Family rental Focusing on a family rental strategy is advisable given the spacious layout of the 2-bed apartment, which can accommodate the needs of families seeking longer-term residences. Although the neighborhood has its challenges, the substantial gap to fair value presents a compelling investment case for future growth in tenant demand for family housing.
Economic and Tenant Instability With both economic stability and tenant stability scores at 45/100, there is a heightened risk of fluctuating rental income and potential vacancies impacting cash flow projections.
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