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 88 m² on the 2nd floor, built in 1988, energy rating C. Located on rua Poeta do Bocage, Azeitão (São Lourenço e São Simão) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment boasts high thermal and acoustic performance windows, enhancing energy efficiency and providing a quiet living environment amidst the vibrant community of Azeitão.
The valuation. The asking price of €269,000 is slightly below the fair value of €279,167, indicating a difference of €10,167 (3.6%). This places the property at a reasonable price, consistent with its condition and local market. Buy-to-flip angle. The buy-to-flip strategy could focus on enhancing aspects of the apartment's high-quality materials to maximize resale. Given its fair valuation, a targeted renovation could yield a profitable return within a competitive market. Buy-to-let angle. With an estimated gross yield of 3.4% and monthly rental income of approximately €762, the property can generate reliable cash flow. Its suburban location near Lisbon appeals to families seeking a long-term rental option.
Fair value modelled at €279,167 from 6 comparable sales in the area. Asking €269,000 sits €10,167 (3.6%) below — the upside to fair value.
Asking €269,000 versus the rua Poeta do Bocage area baseline of €224,790 (€2,554/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 €224,790, adjusted for condition and micro-location, gives a modelled fair value of €279,167 (€3,172/m²), a €10,167 (3.6%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Poeta do Bocage | Subject | €269,000 | €3,057 | — | 75 | 67 |
| rua Poeta Bocage, 14 | Active | €268,000 | €2,821 | 7.7% | 76 | 65 |
| Quinta do Conde · 261dc1 | Active | €245,000 | €4,083 | 33.6% | 75 | 64 |
| Quinta do Conde · efdcce | Active | €200,000 | €3,333 | 9.0% | 74 | 67 |
| Quinta do Conde · cd0916 | Active | €285,000 | €3,563 | 16.5% | 80 | 71 |
| Median comp | €256,500 | €3,448 | 12.8% | 76 | 66 |
Long-term rental The 2-bed apartment in Azeitão presents a fair investment opportunity with a gross yield of 3.4%, making it suitable for stable long-term rental returns. While the yield is reasonable, the property's current price sits slightly below fair value, indicating no immediate risks but also limited upside potential. Family rental With a neighbourhood rating of 67/100, this property is well-positioned for attracting families seeking proximity to Lisbon while enjoying suburban benefits. Having a decent condition score of 78/100 further enhances its appeal for family rentals, offering a stable living environment for potential tenants. Buy-and-hold Given its fair valuation and reasonable access to Lisbon, this apartment is suitable for a buy-and-hold strategy, providing potential for gradual value appreciation. However, with only a slight gap to fair value, substantial appreciation might be limited, thus presenting a more conservative investment outlook. Short-term rental The apartment's characteristics and neighborhood convenience do not align well with the demands of the short-term rental market, where pricing and turnover are vital. With a fair valuation, pursuing this strategy may not yield optimal returns in such a context. Luxury market The property’s price point and suburban location do not fit the luxury market, which generally demands premium pricing in more central urban locations. Consequently, investing here for luxury rentals would not be advisable due to limited appeal in this segment. Student housing Given the suburban setting and the absence of nearby universities, this apartment is not well-suited for the student housing market. The existing demographics and property profile indicate better alignment with family or long-term tenants rather than transient student renters.
Economic downturn risk The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting rental income and property value.
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