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 143 m² on the 3rd floor, built in 2003, energy rating C. Located on avenida Mestre Lima de Freitas S / N, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. The apartment boasts panoramic views of Serra da Arrábida and Palmela Castle, along with two balconies that enhance outdoor relaxation and enjoyment.
The valuation. The asking price of €350,000 sits €44,603 (11.3%) below the fair value of €394,603, indicating the property is subpriced in the current market. This presents an attractive opportunity for investors looking for value. Buy-to-flip angle. A strategy focused on resale could capitalize on the apartment's appealing materials and condition, making cosmetic updates to enhance value before listing at a higher price. The goal would be to quickly flip the property for a substantial return. Buy-to-let angle. With an estimated gross yield of 4% and rental income of approximately €1,167/month, this property offers a reliable long-term rental strategy. The attractive interior should help attract tenants even in a mixed neighborhood.
Fair value modelled at €394,603 from 6 comparable sales in the area. Asking €350,000 sits €44,603 (11.3%) below — the upside to fair value.
Asking €350,000 versus the avenida Mestre Lima de Freitas S / N area baseline of €316,529 (€2,213/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €316,529, adjusted for condition and micro-location, gives a modelled fair value of €394,603 (€2,759/m²), a €44,603 (11.3%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Mestre Lima de Freitas S / N | Subject | €350,000 | €2,448 | — | 70 | 58 |
| largo José Joaquim Cabecinha, 17 | Active | €270,000 | €2,368 | 3.2% | 70 | 53 |
| rua Tenente Aviador Carlos Alves, 32 | Active | €295,000 | €2,706 | 10.6% | 71 | 56 |
| Setúbal (São Sebastião) · f10a61 | Active | €257,900 | €2,456 | 0.4% | 70 | 54 |
| Setúbal (São Sebastião) · 96c699 | Active | €290,000 | €3,021 | 23.4% | 74 | 46 |
| Median comp | €280,000 | €2,581 | 5.5% | 71 | 54 |
Long-term rental The property presents a favorable yield of 4% gross, making it an attractive option for long-term rental investors seeking steady income. With a fair value exceeding the listing price by 11.3%, this apartment can generate cash flow while appreciating over time in a rural setting. Buy-and-hold Acquiring this apartment allows investors to leverage the current market gap of 11.3%, positioning themselves for potential capital appreciation as the area develops. Despite limited amenities and primarily agricultural employment opportunities, the property can still serve as a stable asset in a buy-and-hold strategy.
Economic Vulnerability The low economic stability score of 45/100 indicates a significant risk of economic downturns affecting property value and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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