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, 1-bathroom apartment of 60 m² on the 4th floor, energy rating B. Located on alameda do Zambujeiro, 1, Carvalhal parish, Grândola municipality, Setúbal district. The property boasts a stunning sea view from the common terrace, ideal for relaxation and outdoor gatherings, enhancing its appeal for coastal living.
The valuation. The asking price of €560,000 exceeds the fair value of €294,572 by €265,428, marking it as overpriced at 90.1%. The property does not represent a sound investment opportunity based on valuation metrics.
Fair value modelled at €294,572 from 6 comparable sales in the area. Asking €560,000 sits €265,428 (90.1%) above — overpriced versus fair value.
Asking €560,000 versus the alameda do Zambujeiro, 1 area baseline of €269,714 (€4,495/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is below the parish average, reducing 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 €269,714, adjusted for condition and micro-location, gives a modelled fair value of €294,572 (€4,910/m²), a €265,428 (90.1%) gap versus the €560,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda do Zambujeiro, 1 | Subject | €560,000 | €9,333 | — | 72 | 51 |
| Carvalhal · 38acd0 | Active | €549,000 | €5,279 | 43.4% | 80 | 50 |
| alameda da Marina S / N | Active | €395,000 | €4,540 | 51.4% | 80 | 44 |
| alameda da Marina S / N | Active | €415,000 | €5,929 | 36.5% | 78 | 57 |
| alameda da Marina S / N | Active | €405,000 | €5,704 | 38.9% | 78 | 50 |
| Median comp | €410,000 | €5,492 | 41.2% | 79 | 50 |
Long-term rental The 3-bed apartment in Carvalhal is overpriced by 90.1% compared to its fair value of €294,572, making it an unattractive option for long-term rental investments. With a gross yield of 0% and a neighborhood score of 51/100, potential rental returns are unlikely to meet expectations. Buy-and-hold Given the significant gap between the listing price of €560,000 and the fair value, this property is not a sound buy-and-hold investment. The absence of rental yield and low neighborhood rating further diminish its long-term growth potential. Value-add renovation The current condition score of 76/100 suggests some improvement potential, but prioritizing renovation on an overpriced property risks further financial strain. Investors may not recover their renovation costs given the already inflated price and weak market indicators.
Economic and Tenant Instability Risk With both economic stability and tenant stability scores at 55/100, the property faces a heightened risk of fluctuating income and potential vacancies due to underlying instability in the local market and tenant base.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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