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.
4-bedroom, 2-bathroom apartment of 120 m² on the 3rd floor, built in 1988, energy rating D. Located Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features a sunroom with a dedicated laundry space and a privileged view of Palmela Castle, enhancing both functionality and aesthetics for daily living.
The valuation. The asking price of €299,000 is just €2,261 (0.8%) below the fair value of €301,261, indicating the property is priced fairly within the current market. Buy-to-flip angle. Given the property’s decent condition and stylish features, a refinishing strategy could yield substantial profits in a resale market, appealing to families seeking upgraded options. Buy-to-let angle. With an estimated gross yield of 4.4% and potential monthly rental income around €1,096, this apartment can serve as a solid long-term investment for family rentals in a mixed neighborhood.
Fair value modelled at €301,261 from 6 comparable sales in the area. Asking €299,000 sits €2,261 (0.8%) below — the upside to fair value.
Asking €299,000 versus the Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça), Setúbal, Setúbal area baseline of €232,478 (€1,937/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €232,478, adjusted for condition and micro-location, gives a modelled fair value of €301,261 (€2,511/m²), a €2,261 (0.8%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · c179d2 | Subject | €299,000 | €2,492 | — | 76 | 51 |
| avenida Doutor António Rodrigues Manito, 83 | Active | €275,000 | €2,500 | 0.3% | 70 | 48 |
| Setúbal (São Sebastião) · 6d5385 | Active | €300,000 | €2,521 | 1.2% | 68 | 45 |
| rua Cidade de Leiria, 3 | Active | €329,950 | €2,185 | 12.3% | 68 | 52 |
| rua Professor Egas Moniz, 34 | Active | €260,000 | €2,364 | 5.1% | — | 46 |
| Median comp | €287,500 | €2,432 | 2.4% | 68 | 47 |
Long-term rental The property, while achieving a gross yield of 4.4%, is fairly priced at €299,000, with a minimal gap of only 0.8% from the fair value of €301,261. Given its average condition and rural location, long-term rental prospects may be limited but can suit tenants seeking stable accommodations. Family rental As a family rental option, this property is reasonably priced at €299,000, aligning closely with its fair value of €301,261. However, the rural setting and average neighborhood ratings indicate that it may attract families looking for affordable housing rather than those seeking extensive amenities or urban vibrancy.
Economic viability risk The property has a low economic stability score of 45/100, indicating potential vulnerability to economic downturns that could affect profitability and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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