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 83 m² on the 6th floor, energy rating C. Located on rua Olavo Bilac, 23, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features an enclosed balcony that enhances the living space and offers additional light, while its modern kitchen is equipped with integrated stainless steel appliances for a sleek touch.
The valuation. The asking price of €307,000 is marginally below the fair value of €312,088, positioning it at a slight discount of €5,088 (1.6%). Verdict: fair.
Fair value modelled at €312,088 from 6 comparable sales in the area. Asking €307,000 sits €5,088 (1.6%) below — the upside to fair value.
Asking €307,000 versus the rua Olavo Bilac, 23 area baseline of €252,194 (€3,038/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €252,194, adjusted for condition and micro-location, gives a modelled fair value of €312,088 (€3,760/m²), a €5,088 (1.6%) gap versus the €307,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Olavo Bilac, 23 | Subject | €307,000 | €3,699 | — | 86 | 54 |
| rua Álvares Cabral | Active | €325,000 | €3,611 | 2.4% | 75 | 52 |
| rua da Electricidade, 5 | Active | €268,000 | €3,190 | 13.7% | 74 | 53 |
| Setúbal (São Sebastião) · 57f7a1 | Active | €292,000 | €3,010 | 18.6% | 74 | 53 |
| Setúbal (São Sebastião) · 53cd4f | Active | €258,000 | €3,909 | 5.7% | 78 | 54 |
| Median comp | €280,000 | €3,401 | 8.1% | 75 | 53 |
Long-term rental The property offers a gross yield of 3.5%, aligning closely with the fair value assessment, indicating reliable long-term rental potential. However, the neighborhood score of 54/100 suggests some limitations in tenant quality and demand, which could affect future rental growth. Buy-and-hold With a fair valuation close to market price, this investment presents stability within a rural area, making it suitable for a long-term hold strategy. Nonetheless, the modest neighborhood rating indicates potential challenges in appreciation and desirability over time.
Low Economic Stability Risk The property faces a substantial risk due to its low economic stability score of 35/100, indicating potential challenges in attracting reliable tenants and maintaining profitability.
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