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 1st floor, built in 2003, energy rating C. Located on rua Madalena Claro, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment benefits from a built-in electric fireplace, enhancing living space warmth and ambiance, alongside high-security armored doors for increased family safety.
The valuation. The asking price of €284,900 sits slightly below the fair value of €295,551, reflecting a difference of €10,651, or approximately 3.6%. This positions the property as fairly valued in today's market.
Fair value modelled at €295,551 from 6 comparable sales in the area. Asking €284,900 sits €10,651 (3.6%) below — the upside to fair value.
Asking €284,900 versus the rua Madalena Claro area baseline of €236,879 (€2,854/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €236,879, adjusted for condition and micro-location, gives a modelled fair value of €295,551 (€3,561/m²), a €10,651 (3.6%) gap versus the €284,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Madalena Claro | Subject | €284,900 | €3,433 | — | 77 | 53 |
| avenida de Angola | Active | €280,000 | €3,684 | 7.3% | 75 | 54 |
| rua da Electricidade | Active | €265,000 | €3,232 | 5.9% | 80 | 52 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 4a4475 | Active | €280,000 | €3,684 | 7.3% | 75 | 48 |
| rua Camilo Castelo Branco | Active | €294,000 | €3,419 | 0.4% | 80 | 46 |
| Median comp | €280,000 | €3,552 | 3.5% | 78 | 50 |
Long-term rental The 2-bed apartment in Setúbal presents a gross yield of 3.6%, aligning with its fair market valuation, indicating steady cash flow potential for long-term rental strategies. However, its location, lacking proximity to major urban centers, may limit tenant demand and growth in rental income over time. Family rental With a fair value of €295,551, the property may attract families seeking a stable home environment, particularly given its decent condition score of 78/100. Nonetheless, the neighbourhood's rating of 53/100 suggests limitations in amenities and quality, potentially impacting family appeal. Value-add renovation Acquiring this apartment at €284,900 allows for potential value-added improvements, though the current fair value indicates minimal room for significant gain. Given its condition score of 78/100, targeted renovations could enhance appeal, but the surrounding area's 53/100 rating poses risks for actual returns on investment. Not ideal for The property's characteristics do not suit short-term vacation rentals, luxury markets, or student housing, as the 3.6% yield suggests limited revenue potential in these segments. Its location and neighbourhood ratings further discourage these strategies.
Economic and Tenant Stability Risk The combined economic stability score of 55 and tenant stability score of 55 indicates a moderate risk of fluctuations in rental income, making the property potentially vulnerable to market volatility.
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