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 150 m² on the 3rd floor, built in 1995, energy rating E. Located on rua Jacob Azambuja, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Feature: The apartment boasts unobstructed views from the top floor, flooding the spaces with natural light and enhancing its spacious feel despite minor wear throughout. Investment Appeal: This prime location combines tranquility with easy access to essential amenities, making it a strong opportunity for both investment and family living.
The valuation. The asking price of €340,000 is positioned below the fair value of €384,617, representing an undervaluation of €44,617 (11.6%). This offers an attractive investment opportunity in a competitive market.
Fair value modelled at €384,617 from 6 comparable sales in the area. Asking €340,000 sits €44,617 (11.6%) below — the upside to fair value.
Asking €340,000 versus the rua Jacob Azambuja area baseline of €291,276 (€1,942/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €291,276, adjusted for condition and micro-location, gives a modelled fair value of €384,617 (€2,564/m²), a €44,617 (11.6%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jacob Azambuja | Subject | €340,000 | €2,267 | — | 73 | 49 |
| praceta Guilherme Faria S / N | Active | €345,000 | €2,594 | 14.4% | 80 | 54 |
| Setúbal (São Sebastião) · 6d5385 | Active | €300,000 | €2,521 | 11.2% | 68 | 45 |
| rua das Areias, 9 | Active | €370,000 | €2,534 | 11.8% | 80 | 53 |
| rua Ana Gonçalves | Active | €335,000 | €3,073 | 35.6% | 66 | 49 |
| Median comp | €340,000 | €2,564 | 13.1% | 74 | 51 |
Long-term rental The 3-bed apartment in Setúbal offers a gross yield of 3.9%, creating a stable income stream that is attractive for long-term rental strategies. Given its fair value of €384,617, this property is positioned favorably in the rental market with a modest gap to the fair value, indicating potential for reliable tenant demand. Value-add renovation With a condition rating of 76/100, this property presents an opportunity for value-add renovation to enhance both aesthetic and functional features, thereby increasing its market value over time. Given the property is currently subvalorizada and has growth potential in a rural Alentejo context, strategic improvements can yield significant returns on investment.
Economic Vulnerability With an economic stability score of only 40/100, this property is at a high risk due to potential fluctuations in local economic conditions affecting rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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