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 140 m² on the 3rd floor, built in 1995, energy rating C. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment boasts a large terrace ideal for outdoor entertaining and has been upgraded with double walls for enhanced thermal and acoustic insulation.
The valuation. The asking price of €335,000 is slightly below the fair value of €348,602, indicating a divergence of €13,602 or 3.9%. This property is positioned at a fair market price, appealing for potential buyers looking for a reasonably priced investment. Buy-to-flip angle. Given its condition rating of 76/100 and high-quality finishes, a renovation could enhance its appeal. A strategic flip after value-add improvements may yield a profitable resale, capturing upside potential in the Setúbal market. Buy-to-let angle. With an estimated monthly rental income of €1,033, the gross yield is projected at 3.7%. This investment offers a steady cash flow opportunity, benefiting from the property’s quality and the evolving rental demand in the area.
Fair value modelled at €348,602 from 6 comparable sales in the area. Asking €335,000 sits €13,602 (3.9%) below — the upside to fair value.
Asking €335,000 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €264,331 (€1,888/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 €264,331, adjusted for condition and micro-location, gives a modelled fair value of €348,602 (€2,490/m²), a €13,602 (3.9%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · 07fcaf | Subject | €335,000 | €2,393 | — | 72 | 59 |
| rua Camilo Castelo Branco | Active | €340,000 | €2,636 | 10.1% | 72 | 53 |
| Setúbal (São Sebastião) · 15e28d | Active | €240,000 | €2,162 | 9.6% | 75 | 53 |
| rua Camilo Castelo Branco | Active | €340,000 | €2,636 | 10.1% | 65 | 47 |
| Setúbal (São Sebastião) · 0c05d0 | Active | €310,000 | €2,385 | 0.3% | 72 | 54 |
| Median comp | €325,000 | €2,511 | 4.9% | 72 | 53 |
Long-term rental The 3-bed apartment in Setúbal presents a gross yield of 3.7%, aligning closely with the fair market value. The property is relatively stable for long-term tenants, although the neighborhood's rating of 59/100 indicates some limitations in demand and amenities. Value-add renovation With a condition score of 76/100, the apartment's potential for value-add renovations could enhance its appeal and justify a higher rental price. However, given its fair valuation, the upside might be limited, necessitating careful consideration of investment in improvements. Short-term rental The property is not well-suited for short-term rental due to the rural characteristics of its location in the Alentejo region. The limited urbanization may hinder consistent demand from vacationers, making this a less favorable strategy.
Economic Instability Risk The economic stability score of 45/100 indicates a high risk of fluctuating income and property value depreciation.
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