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 96 m² on the 5th floor, energy rating E. Located on praceta do Monte Belo, 6, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment boasts high ceilings with recessed lighting and abundant natural light from large double-glazed windows, providing an inviting atmosphere ideal for entertaining. Exclusivity: Conversion from a 3-bedroom layout enhances spaciousness without sacrificing elegance.
The valuation. The asking price of €300,000 sits €20,117 (6.3%) below the fair value of €320,117, marking it as a sound investment opportunity rather than an overpriced property. This valuation reflects a market-competitive asking price. Buy-to-flip angle. Employing a buy-to-flip strategy could involve minor renovations to boost appeal and resale price, leveraging the upgraded cabinetry to attract buyers looking for modern finishes. An anticipated resale price target would exceed €320,000 based on local demand trends. Buy-to-let angle. With a gross yield of 3.2%, an estimated rental income of €800 per month offers a consistent return, making it suitable for a long-term rental strategy in a mixed neighborhood. Tenants may be drawn to its quality fixtures and spacious layout.
Fair value modelled at €320,117 from 6 comparable sales in the area. Asking €300,000 sits €20,117 (6.3%) below — the upside to fair value.
Asking €300,000 versus the praceta do Monte Belo, 6 area baseline of €256,285 (€2,670/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 €256,285, adjusted for condition and micro-location, gives a modelled fair value of €320,117 (€3,335/m²), a €20,117 (6.3%) gap versus the €300,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta do Monte Belo, 6 | Subject | €300,000 | €3,125 | — | 74 | 46 |
| rua Abel Salazar, 1B | Active | €320,000 | €2,689 | 13.9% | 74 | 47 |
| rua dos Almocreves | Active | €230,000 | €4,182 | 33.8% | 74 | 58 |
| rua Malmequeres | Active | €249,000 | €2,798 | 10.5% | 72 | 48 |
| estrada Palmela, 116 | Active | €290,000 | €3,671 | 17.5% | 80 | 48 |
| Median comp | €269,500 | €3,235 | 3.5% | 74 | 48 |
Long-term rental The 2-bed apartment in Setúbal is fairly priced at €300,000, just 6.3% below the fair value of €320,117. With a gross yield of 3.2%, it offers a modest return that aligns with the apartment's current condition and neighborhood rating. Value-add renovation Investing in renovations could enhance the overall condition of the apartment, currently rated at 76/100, potentially increasing tenant appeal. However, given that the neighborhood has a low rating of 46/100, any improvements must be carefully evaluated against local demand to ensure profitability.
Economic Fragility The property suffers from economic instability with a score of 35/100, indicating a significant risk of market fluctuations that could affect tenant retention and rental income.
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