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 165 m², energy rating C. Located on praça do Brasil, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This property features a cozy living room with a fireplace, perfect for family gatherings, and includes a closed garage for secure parking and extra storage.
The valuation. The asking price of €215,000 sits below the fair value of €375,109, indicating a difference of €160,109 (42.7%). This property is underpriced based on its market potential.
Fair value modelled at €375,109 from 6 comparable sales in the area. Asking €215,000 sits €160,109 (42.7%) below — the upside to fair value.
Asking €215,000 versus the praça do Brasil area baseline of €283,963 (€1,721/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €283,963, adjusted for condition and micro-location, gives a modelled fair value of €375,109 (€2,273/m²), a €160,109 (42.7%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça do Brasil | Subject | €215,000 | €1,303 | — | 74 | 54 |
| rua Moinho | Active | €220,000 | €1,849 | 41.9% | 76 | 48 |
| Setúbal (São Sebastião) · 15e28d | Active | €240,000 | €2,162 | 65.9% | 75 | 53 |
| rua Camilo Castelo Branco | Active | €340,000 | €2,636 | 102.3% | 72 | 53 |
| Setúbal (São Sebastião) · 0c05d0 | Active | €310,000 | €2,385 | 83.0% | 72 | 54 |
| Median comp | €275,000 | €2,274 | 74.5% | 74 | 53 |
Long-term rental This 3-bed apartment in Setúbal presents a compelling opportunity for long-term rental, with a gross yield of 6.7% that indicates a favorable return on investment relative to its price. Given the fair value of €375,109, the current listing of €215,000 reflects a significant gap of 42.7%, making it an attractive option for landlords despite the area's suburban characteristics. Value-add renovation Investing in renovations for this apartment could enhance its appeal and increase rental income, particularly as the property already has a moderate condition score of 73/100. The potential uplift in value, combined with the current subvalorizada status, provides an ideal setting for implementing value-add strategies, ultimately leading to improved tenant quality and rental yields. Not ideal for luxury market This property should not be positioned in the luxury market due to its suburban characteristics and the overall neighborhood rating of 54/100, which limits its appeal to high-end renters. Consequently, maintaining a focus on more mainstream rental strategies will likely yield better results. Not ideal for short-term vacation rental The peripheral location near Setúbal, coupled with basic suburban amenities, underscores the property's unsuitability for the short-term vacation rental market. This market typically demands vibrant local attractions and amenities, which are lacking in the current neighborhood context.
Tenant turnover risk The combined tenant stability score of 60/100 suggests potential challenges in maintaining long-term occupants, which could lead to increased vacancy rates and related costs.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
