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, 1-bathroom apartment of 84 m² on the 2nd floor, built in 1992, energy rating C. Located on rua Almeida Garrett, 37, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment includes air conditioning in both the living room and bedroom, and features double-glazed windows for enhanced energy efficiency and noise reduction. Location Benefits: Situated just 100 meters from Jardim do Bonfim for leisure, and within walking distance of Setúbal's beautiful beaches. Overall Valuation: A well-maintained property in a prime location, ready for immediate occupancy. Opportunidad: Excellent opportunity for those seeking a comfortable home in a sought-after area.**
The valuation. The asking price of €289,000 sits below the fair value of €321,839, representing an underpricing of €32,839 (10.2%). This favorable position suggests potential appreciation opportunities for discerning investors.
Fair value modelled at €321,839 from 6 comparable sales in the area. Asking €289,000 sits €32,839 (10.2%) below — the upside to fair value.
Asking €289,000 versus the rua Almeida Garrett, 37 area baseline of €258,222 (€3,074/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €258,222, adjusted for condition and micro-location, gives a modelled fair value of €321,839 (€3,831/m²), a €32,839 (10.2%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almeida Garrett, 37 | Subject | €289,000 | €3,440 | — | 79 | 50 |
| praceta José Maria da Silva | Active | €315,000 | €4,565 | 32.7% | 74 | 53 |
| rua Álvares Cabral | Active | €325,000 | €3,611 | 5.0% | 75 | 52 |
| rua Doutor Luís Teixeira de Macedo e Castro, 12 | Active | €235,000 | €4,052 | 17.8% | 79 | 56 |
| rua da Electricidade, 5 | Active | €268,000 | €3,190 | 7.3% | 74 | 53 |
| Median comp | €291,500 | €3,832 | 11.4% | 75 | 53 |
Long-term rental The property in Setúbal offers a reasonable yield of 3.7%, making it a viable option for long-term rental investments. Additionally, the current asking price is 10.2% below its fair value, presenting an attractive entry point for generating consistent income. Buy-and-hold Given its below fair value price point and the reasonable condition rating of 79/100, this 2-bed apartment is well positioned for appreciation over the long term. The property is located in a peripheral area with essential amenities, catering to tenants seeking affordable housing options. Value-add renovation Investing in value-add renovations could substantially enhance the apartment's appeal and rental potential, allowing for increased tenant quality and satisfaction. With the current pricing under fair value, there is ample opportunity to improve the property while still realizing a profitable return on investment.
Economic Vulnerability The economic stability score of 55/100 suggests that the local economy may be prone to fluctuations, which could affect tenant stability rated at 50/100 and lead to potential vacancies.
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