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, 1-bathroom apartment of 87 m² on the 2nd floor, built in 2014, energy rating C. Located on rua Mormugão, 19, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment's enclosed balconies enhance usable space and provide versatility for year-round enjoyment, complementing its prime location near Bonfim Park and public transport amenities.
The valuation. The asking price of €300,000 is slightly above the fair value of €295,869 by €4,131 (1.4%). This property is considered to be fairly priced based on current market conditions.
Fair value modelled at €295,869 from 6 comparable sales in the area. Asking €300,000 sits €4,131 (1.4%) above — overpriced versus fair value.
Asking €300,000 versus the rua Mormugão, 19 area baseline of €231,139 (€2,657/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €231,139, adjusted for condition and micro-location, gives a modelled fair value of €295,869 (€3,401/m²), a €4,131 (1.4%) gap versus the €300,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mormugão, 19 | Subject | €300,000 | €3,448 | — | 75 | 49 |
| avenida Bento de Jesus Caraça | Active | €250,000 | €2,941 | 14.7% | 75 | 51 |
| rua Álvares Cabral | Active | €325,000 | €3,611 | 4.7% | 75 | 52 |
| rua da Electricidade, 5 | Active | €268,000 | €3,190 | 7.5% | 74 | 53 |
| Setúbal (São Sebastião) · 57f7a1 | Active | €292,000 | €3,010 | 12.7% | 74 | 53 |
| Median comp | €280,000 | €3,100 | 10.1% | 75 | 53 |
Long-term rental The property offers a gross yield of 4.1%, making it a suitable option for long-term rental despite its fair valuation status. With a condition score of 78/100, the apartment is likely to attract stable tenants in a rural setting, although the neighborhood score of 49/100 suggests it may face challenges in tenant quality and demand. Rural retreats A 3-bed apartment in Setúbal presents an opportunity for rural retreats, catering to a niche market seeking tranquility away from urban centers. As the property is priced fairly at €300,000, it may attract buyers looking for a peaceful getaway, though the limited local amenities could affect overall appeal. Buy-and-hold As a buy-and-hold investment, this apartment's gross yield of 4.1% indicates a reasonable return over time, even as current valuation stands at fair. However, with limited economic activities in the area and a neighborhood score of 49/100, its appreciation potential may be constrained, suggesting that holding it long-term should be approached with caution.
[Economic Vulnerability] The property's economic stability score of 35/100 indicates a high risk of market fluctuations potentially impacting rental income and property value.
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