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, 2-bathroom apartment of 103 m², built in 2000, energy rating D. Located on rua Jacob Azambuja, 39, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This apartment features a spacious kitchen with abundant natural light and a fireplace in the living room, enhancing comfort and ambiance.
The valuation. The asking price of €275,000 is positioned below the fair value of €295,627, reflecting a difference of €20,627, or 7.0%. Verdict: fair. Buy-to-flip angle. A buy-to-flip strategy could capitalize on cosmetic renovations to elevate the property’s appeal, targeting resale to investors at a higher price post-upgrade. Buy-to-let angle. With an estimated gross yield of 4.1%, a rental strategy could generate approximately €940 per month, making it suitable for family rentals in a suburban environment.
Fair value modelled at €295,627 from 6 comparable sales in the area. Asking €275,000 sits €20,627 (7.0%) below — the upside to fair value.
Asking €275,000 versus the rua Jacob Azambuja, 39 area baseline of €266,595 (€2,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €266,595, adjusted for condition and micro-location, gives a modelled fair value of €295,627 (€2,870/m²), a €20,627 (7.0%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jacob Azambuja, 39 | Subject | €275,000 | €2,670 | — | 55 | 62 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 023c60 | Active | €345,000 | €3,136 | 17.5% | 55 | 53 |
| azinhaga dos Trabalhadores | Active | €359,000 | €2,316 | 13.3% | 55 | 53 |
| rua Frei António das Chagas | Active | €245,000 | €2,917 | 9.2% | 60 | 38 |
| avenida dos Ciprestes, 54 | Active | €375,000 | €2,885 | 8.0% | — | 55 |
| Median comp | €352,000 | €2,901 | 8.7% | 55 | 53 |
Long-term rental This property offers a gross yield of 4.1%, making it a stable choice for long-term rental in a suburban Setúbal area. Given the fair valuation gap of 7.0%, it's positioned well to attract steady tenants despite the average neighborhood score of 62/100. Buy-and-hold The property, priced at €275,000, is fairly valued against comparable listings, with potential long-term appreciation aligning with market trends in suburban areas. While the condition rating of 58/100 indicates some need for improvement, it remains a reasonable investment for those looking to hold onto a solid asset. Family rental With suburban amenities and employment patterns in proximity, this 2-bed apartment serves as a suitable family rental option, especially given the fair valuation status. The yield of 4.1% adds an attractive dimension for families looking for longer-term housing solutions, though tenant quality may vary in the neighborhood, currently rated at 62/100.
Economic downturn risk With an economic stability score of 68/100, there is a moderate risk of adverse economic conditions affecting rental income and property value. Tenant turnover risk A tenant stability score of 65/100 suggests increased chances of tenant turnover, which may lead to potential vacancies and loss of rental revenue.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
