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 110 m² on the 2nd floor, built in 2002, energy rating D. Located Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Features: The apartment offers a semi-equipped kitchen with modern granite countertops and stainless steel appliances, alongside views of the landscaped communal gardens from the living area.
The valuation. The asking price of €109,500 sits significantly below the fair value of €240,783, reflecting a discount of €131,283 (54.5%). This property is clearly underpriced for its market potential.
Fair value modelled at €240,783 from 6 comparable sales in the area. Asking €109,500 sits €131,283 (54.5%) below — the upside to fair value.
Asking €109,500 versus the Setúbal (São Sebastião), Setúbal, Setúbal area baseline of €217,558 (€1,978/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €217,558, adjusted for condition and micro-location, gives a modelled fair value of €240,783 (€2,189/m²), a €131,283 (54.5%) gap versus the €109,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Setúbal (São Sebastião) · 2ce12d | Subject | €109,500 | €995 | — | 48 | 55 |
| Setúbal (São Sebastião) · 4bc79f | Active | €210,000 | €2,059 | 106.8% | 55 | 47 |
| rua da Cerâmica, 28 | Active | €415,000 | €1,878 | 88.6% | — | 54 |
| Setúbal (São Sebastião) · 5da181 | Active | €235,000 | €2,238 | 124.8% | 58 | 54 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · b7c185 | Active | €320,000 | €2,500 | 151.1% | — | 58 |
| Median comp | €277,500 | €2,149 | 115.8% | 57 | 54 |
Long-term rental Given the property’s significant gap of 54.5% versus its fair value of €240,783, the long-term rental strategy presents an attractive opportunity for steady income. With a gross yield of 11.1%, investors can expect a solid return that is well above the market average. Family rental The 3-bed apartment, priced at €109,500, is ideally suited for family rentals given its size and reasonable proximity to basic amenities in the Setúbal area. The strong yield of 11.1% and the neighborhood's features support a stable rental demand among families seeking affordable housing. Buy-and-hold Investing in this property as a buy-and-hold strategy aligns with both its underpriced status and favorable gross yield of 11.1%. With the potential for property appreciation to reach closer to its fair value of €240,783, this approach capitalizes on long-term growth in the Setúbal market.
Economic Vulnerability The property is exposed to economic risks due to a low economic stability score of 50/100, which may indicate potential instability in rent collection or property value.
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