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 118 m², built in 1990, energy rating D. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. The living room features access to a long, sunny balcony, providing expansive views and natural light, while the kitchen boasts a durable Silestone countertop with a 25-year warranty.
The valuation. The asking price of €360,000 sits €46,080 (11.3%) below the fair value of €406,080, indicating the property is subvalued. This provides an opportunity for buyers looking for an advantageous investment. Buy-to-flip angle. The strategy for resale would focus on cosmetic enhancements and staging to increase appeal, aiming for a price increase above the current market trends. Given the property’s condition and local demand, a successful flip could yield substantial profits. Buy-to-let angle. With an estimated gross yield of 3.3%, generating around €990 per month in rental income positions the property as an attractive long-term buy-to-let investment. The steady rental demand in Setúbal aligns with the income generation strategy.
Fair value modelled at €406,080 from 6 comparable sales in the area. Asking €360,000 sits €46,080 (11.3%) below — the upside to fair value.
Asking €360,000 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €322,069 (€2,729/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €322,069, adjusted for condition and micro-location, gives a modelled fair value of €406,080 (€3,441/m²), a €46,080 (11.3%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · ec19e8 | Subject | €360,000 | €3,051 | — | 75 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 8315c7 | Active | €305,000 | €3,765 | 23.4% | 81 | 51 |
| praceta Professora Virgínia Rau, 8 | Active | €265,000 | €3,272 | 7.2% | 74 | 48 |
| Setúbal (São Sebastião) · be942b | Active | €348,000 | €3,252 | 6.6% | 73 | 58 |
| rua António Carvalho Serra | Active | €260,000 | €3,611 | 18.4% | 72 | 55 |
| Median comp | €285,000 | €3,442 | 12.8% | 74 | 53 |
Long-term rental The property in Setúbal presents an attractive option for long-term rental, as it is subvalued against its fair value by 11.3%, suggesting a good potential for steady income growth. With a gross yield of 3.3%, it offers a balance of profitability while being situated in a neighborhood with room for improvement. Buy-and-hold Acquiring this apartment for a buy-and-hold strategy could yield positive returns given its current price point is below fair market value by 11.3%. The property's overall condition score of 80/100 indicates a solid investment that could appreciate over time in a market that combines agricultural stability and tourism potential.
High vacancy risk With both economic stability and tenant stability scores at 40/100, there is a significant likelihood of high vacancy rates and potential rent loss due to unstable market conditions and tenant turnover.
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