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 115 m² on the 1st floor. Located on rua Outeiro da Saúde, 3, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. Notable Features: The apartment boasts a generous storage room of 7 m² and covered parking space of 13 m², enhancing convenience in a historic urban setting.
The valuation. The asking price of €278,000 is just €10,200 (3.8%) above the fair value of €267,800, indicating the property is priced fairly in line with market expectations.
Fair value modelled at €267,800 from 6 comparable sales in the area. Asking €278,000 sits €10,200 (3.8%) above — overpriced versus fair value.
Asking €278,000 versus the rua Outeiro da Saúde, 3 area baseline of €236,203 (€2,054/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €236,203, adjusted for condition and micro-location, gives a modelled fair value of €267,800 (€2,329/m²), a €10,200 (3.8%) gap versus the €278,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Outeiro da Saúde, 3 | Subject | €278,000 | €2,417 | — | 60 | 53 |
| rua Cidade de Leiria, 3 | Active | €329,950 | €2,185 | 9.6% | 68 | 52 |
| rua São Luís Gonzaga, 1 | Active | €295,000 | €2,341 | 3.1% | — | 47 |
| azinhaga dos Trabalhadores | Active | €359,000 | €2,316 | 4.2% | 62 | 44 |
| Setúbal (São Sebastião) · 6d5385 | Active | €300,000 | €2,521 | 4.3% | 68 | 45 |
| Median comp | €314,975 | €2,329 | 3.7% | 68 | 46 |
Long-term rental The property in Setúbal presents a fair opportunity for long-term rental, given its gross yield of 4.3%, which is decent for the area. However, the neighbourhood score of 53/100 highlights potential limitations in tenant demand and overall desirability. Buy-and-hold While the property is fairly valued at €278,000, with a slight gap of 3.8% against its fair value, it may not experience substantial appreciation due to its location in a rural area with an agricultural focus. This, combined with a moderate condition rating of 63/100, suggests cautious optimism for long-term strategies without speculative upside. Not ideal for short-term vacation rental The apartment’s rural setting and moderate amenities score indicate limited appeal for short-term vacation rentals, which typically thrive in vibrant or tourist-centric locations. High competition in the vacation market may further suppress potential returns for this strategy. Not ideal for student housing Given its location and lower neighbourhood rating, the property may attract limited student demand, as it is not situated near major educational institutions or vibrant urban amenities. Consequently, this strategy is less favorable for generating consistent rental income from students.
Low Economic Resilience The economic stability score of 45/100 indicates a higher risk of economic downturns impacting rental income stability and tenant retention.
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