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 66 m², energy rating D. Located on rua José Groot Pombo, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The living areas boast contemporary industrial-style accents, including exposed brick walls and updated lighting, while the kitchen's dated vintage tiling requires refurbishment. Investment Potential: Excellent appreciation prospects in a central location.
The valuation. The asking price of €260,000 sits €42,156 (14.0%) below its fair value of €302,156, indicating the property is underpriced. This presents a significant opportunity for prospective investors seeking value.
Fair value modelled at €302,156 from 6 comparable sales in the area. Asking €260,000 sits €42,156 (14.0%) below — the upside to fair value.
Asking €260,000 versus the rua José Groot Pombo area baseline of €258,361 (€3,915/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €258,361, adjusted for condition and micro-location, gives a modelled fair value of €302,156 (€4,578/m²), a €42,156 (14.0%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Groot Pombo | Subject | €260,000 | €3,939 | — | 68 | 57 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · a80774 | Active | €259,000 | €4,625 | 17.4% | 75 | 48 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 49b97e | Active | €290,000 | €4,531 | 15.0% | — | 55 |
| rua José Carlos da Maia, 62 | Active | €182,500 | €4,345 | 10.3% | 72 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · a809a9 | Active | €259,000 | €7,194 | 82.6% | 75 | 48 |
| Median comp | €259,000 | €4,578 | 16.2% | 75 | 48 |
Buy-and-hold The €260,000 listing of the 2-bed apartment presents an attractive opportunity since it is €42,156 below its fair value, suggesting a 14% potential upside. With a gross yield of 4%, this property can provide steady income while benefitting from future appreciation in a peripheral region near Setúbal. Value-add renovation Investing in this apartment can capitalize on the current valuation gap of €42,156 by enhancing its condition rating of 76/100. Strategic renovations could increase both tenant quality and rental income in a neighborhood with moderate urban influences, making this a worthwhile project. Family rental Given the apartment's appealing price and its location with rural characteristics, this property is well-suited for family rentals looking for larger living spaces in Setúbal. The current market dynamics and its condition also suggest that it could attract stable long-term tenants, thus ensuring consistent cash flow.
Economic Dependency Risk: With an economic stability score of 50/100, there is a significant risk of fluctuating economic conditions affecting the property's long-term value and tenant demand.
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