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 97 m² on the 7th floor. Located on rua da Electricidade, 15, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment, located on the 7th floor, offers stunning city views and benefits from a modernized kitchen equipped with high-end appliances for convenient living.
The valuation. The asking price of €280,000 is significantly below the fair value of €334,125, presenting an opportunity with a discount of €54,125 (16.2%). This property is therefore considered underpriced.
Fair value modelled at €334,125 from 6 comparable sales in the area. Asking €280,000 sits €54,125 (16.2%) below — the upside to fair value.
Asking €280,000 versus the rua da Electricidade, 15 area baseline of €268,861 (€2,772/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 €268,861, adjusted for condition and micro-location, gives a modelled fair value of €334,125 (€3,445/m²), a €54,125 (16.2%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Electricidade, 15 | Subject | €280,000 | €2,887 | — | 75 | 50 |
| avenida do Alentejo | Active | €285,000 | €3,800 | 31.6% | 75 | 49 |
| rua Mormugão | Active | €279,000 | €3,930 | 36.1% | 72 | 58 |
| praceta Dom Jorge de Lencastre, 2 | Active | €248,000 | €3,100 | 7.4% | 80 | 55 |
| Setúbal (São Sebastião) · 65a842 | Active | €242,500 | €3,368 | 16.7% | 78 | 49 |
| Median comp | €263,500 | €3,584 | 24.2% | 77 | 52 |
Long-term rental The property's listing price of €280,000 is 16.2% below its fair value of €334,125, indicating a positive rental outlook. With a gross yield of 3.3% in a semi-rural setting, this investment appeals to those seeking stable, long-term rental income. Buy-and-hold With an advantageous gap between the listing price and fair value, this 2-bed apartment can serve as a solid buy-and-hold investment. The moderate condition rating of 78/100 suggests that minor improvements could increase its appeal over time in the Setúbal market. Family rental The 2-bed apartment is well-situated for a family rental strategy, offering sufficient space and a decent neighborhood score of 50/100. Its attractiveness is further enhanced by being priced below its fair value, making it a viable option for families looking for long-term housing. Not ideal for The property is not suited for the luxury market due to its neighbourhood rating and condition. Additionally, it is not a good fit for student housing or short-term vacation rentals given its location and economic activity level.
Economic and Tenant Stability Risk The property's economic stability score is 50/100 and the tenant stability score is also 50/100, indicating potential volatility and uncertainty in income generation due to unstable economic conditions and tenant turnover.
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