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 115 m², built in 1969, energy rating D. Located Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment includes two separate storage rooms, providing additional space for organization and convenience beyond standard utility offerings.
The valuation. The asking price of €299,000 is significantly below the fair value of €333,574, making it underpriced by €34,574 (10.4%). This presents a favorable buying opportunity for investors.
Fair value modelled at €333,574 from 6 comparable sales in the area. Asking €299,000 sits €34,574 (10.4%) below — the upside to fair value.
Asking €299,000 versus the Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça), Setúbal, Setúbal area baseline of €308,132 (€2,679/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 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 €308,132, adjusted for condition and micro-location, gives a modelled fair value of €333,574 (€2,901/m²), a €34,574 (10.4%) 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) · 8001e6 | Subject | €299,000 | €2,600 | — | 56 | 43 |
| azinhaga dos Trabalhadores | Active | €359,000 | €2,316 | 10.9% | 55 | 53 |
| praceta Fernando Pessoa | Active | €299,000 | €3,147 | 21.1% | 50 | 51 |
| avenida dos Ciprestes, 54 | Active | €375,000 | €2,885 | 10.9% | — | 55 |
| rua Frei António das Chagas | Active | €245,000 | €2,917 | 12.2% | 60 | 38 |
| Median comp | €329,000 | €2,901 | 11.6% | 55 | 52 |
Long-term rental The property is currently listed at €299,000, which is 10.4% below its fair value of €333,574, making it a strategically advantageous option for long-term rental investments. With a gross yield of 3.8%, it presents a steady income stream while benefiting from the rural dynamics of Setúbal. Family rental With the apartment's attractive pricing below fair value and its spacious layout of 115m², it holds appeal for families seeking affordable housing in a safe, rural community. The current condition rating of 54/100 suggests that with minor renovations, it could become an excellent family rental opportunity at a reasonable price.
High Economic Volatility The economic stability score of 35/100 indicates a significant risk of unemployment and fluctuating economic conditions that could affect property value and rental income viability.
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