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 97 m² on the 2nd floor, built in 1997, energy rating D. Located on praceta Manuel Envia, 3, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features a modern open-space kitchen equipped with high-end appliances and elegant finishes, complemented by spacious light-filled rooms and a good-sized balcony.
The valuation. The asking price of €365,000 sits slightly above the fair value of €354,366, reflecting a 3.0% premium. This suggests the property is fairly priced in the current market context.
Fair value modelled at €354,366 from 6 comparable sales in the area. Asking €365,000 sits €10,634 (3.0%) above — overpriced versus fair value.
Asking €365,000 versus the praceta Manuel Envia, 3 area baseline of €272,352 (€2,808/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €272,352, adjusted for condition and micro-location, gives a modelled fair value of €354,366 (€3,653/m²), a €10,634 (3.0%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Manuel Envia, 3 | Subject | €365,000 | €3,763 | — | 75 | 57 |
| rua Tenente Jean Raymond | Active | €320,000 | €4,267 | 13.4% | 78 | 58 |
| Setúbal (São Sebastião) · ec19e8 | Active | €360,000 | €3,051 | 18.9% | 75 | 46 |
| Setúbal (São Sebastião) · 8004d4 | Active | €295,000 | €2,950 | 21.6% | 85 | 44 |
| rua Mariano Coelho, 22 | Active | €425,000 | €3,761 | 0% | 79 | 58 |
| Median comp | €340,000 | €3,406 | 9.5% | 79 | 52 |
Long-term rental The 3-bed apartment in Setúbal presents a gross yield of 3.3%, which aligns with the expected rental market returns for this area. Given that the property is valued fairly at €365,000, it may serve as a stable long-term rental but may not generate substantial income above the baseline market expectations. Value-add renovation With a condition rating of 83/100, there is potential for minor renovations to enhance the property’s appeal and increase rental income. However, the current valuation indicates the property is fairly priced, suggesting that any renovation gains would need to be carefully balanced against initial investment costs. Family rental The apartment's size and setup are well-suited for family rentals, capitalizing on the relatively stable Setúbal market. However, the fair valuation suggests that competitive pricing will be necessary to attract long-term family tenants in a neighborhood with a moderate 57/100 quality rating.
Economic volatility risk With an economic stability score of 50/100, this property is exposed to potential downturns in the local economy that could impact rent prices and tenant retention.
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