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 79 m², built in 1979, energy rating D. Located on largo Cidade de Magdeburg, 5, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The property includes two balconies that enhance natural light and provide outdoor space, along with proximity to essential amenities such as schools and public transport.
The valuation. The asking price of €237,000 sits €28,404 (10.7%) below the fair value of €265,404, creating an attractive opportunity without labeling it as a ‘deal.’ Buy-to-flip angle. The property can be enhanced with targeted renovations to increase its allure, allowing for a profitable resale strategy upon upgrading its features. Buy-to-let angle. With a gross yield of 4.8% and an estimated monthly rental income of €948, the property is well-positioned for a consistent cash flow, leveraging its location near Setúbal.
Fair value modelled at €265,404 from 6 comparable sales in the area. Asking €237,000 sits €28,404 (10.7%) below — the upside to fair value.
Asking €237,000 versus the largo Cidade de Magdeburg, 5 area baseline of €256,543 (€3,247/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €256,543, adjusted for condition and micro-location, gives a modelled fair value of €265,404 (€3,360/m²), a €28,404 (10.7%) gap versus the €237,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo Cidade de Magdeburg, 5 | Subject | €237,000 | €3,000 | — | 45 | 53 |
| Setúbal (São Sebastião) · 91127a | Active | €237,500 | €2,582 | 13.9% | 60 | 48 |
| Setúbal (São Sebastião) · 483b53 | Active | €328,000 | €3,216 | 7.2% | 48 | 49 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 19f506 | Active | €280,000 | €3,590 | 19.7% | 52 | 50 |
| praça do Brasil | Active | €280,000 | €3,544 | 18.1% | 65 | 49 |
| Median comp | €280,000 | €3,380 | 12.7% | 56 | 49 |
Long-term rental The property in Setúbal offers a compelling option for long-term rental, as it is priced at €237,000, which is 10.7% below its fair value of €265,404. With a gross yield of 4.8%, this apartment can provide steady income while the area shows reasonable tenant quality and access to urban facilities. Family rental This 3-bedroom apartment is ideally suited for family rental, positioned attractively with a 10.7% discount from its fair value of €265,404. The decent condition score of 49/100 and neighborhood score of 53/100 suggest a suitable environment for families seeking a home in Setúbal. Buy-and-hold Investing in this property for a buy-and-hold strategy is favorable, given its current listing price of €237,000, which reflects a 10.7% gap from the fair value of €265,404. With the potential for appreciation and a stable gross yield of 4.8%, this apartment can be a solid addition to a real estate portfolio over time.
Tenant turnover risk Tenant stability is low at 55/100, indicating a potential for high tenant turnover that could lead to increased vacancy rates and rental income instability.
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
