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.
1-bedroom, 1-bathroom apartment of 65 m² on the 2nd floor, energy rating D. Located on ladeira do Forte da Estrela, 2, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: This apartment is strategically located just a 5-minute walk from key amenities like Allegro Shopping Center and has two solar fronts enhancing natural light throughout the day.
The valuation. The asking price of €175,000 is €24,050 (12.1%) below the fair value of €199,050, suggesting the property is priced appropriately given the current market conditions. The valuation appears aligned with market expectations.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| ladeira do Forte da Estrela, 2 | Subject | €175,000 | €2,692 | — | — | 50 |
| rua José Luciano de Carvalho, 2 | Active | €170,000 | €3,091 | 14.8% | 62 | 48 |
| Setúbal (São Sebastião) · 4a7eae | Active | €282,000 | €3,525 | 30.9% | 68 | 54 |
| Setúbal (São Sebastião) · 8006aa | Active | €245,000 | €2,882 | 7.1% | 66 | 55 |
| Setúbal (São Sebastião) · 3750c3 | Active | €260,000 | €2,826 | 5.0% | 70 | 58 |
| Median comp | €252,500 | €2,987 | 10.9% | 67 | 55 |
Long-term rental The property offers a gross yield of 5.3%, which may attract long-term tenants due to the affordability in the peripheral location of Setúbal. However, with a condition rating of 0/100, significant renovations could diminish initial returns. Family rental While the neighborhood has moderate amenities and a tenant quality rating of 50/100, the apartment's size may appeal to small families seeking affordable living options. Nonetheless, the property remains at fair market value, potentially limiting capital appreciation. Buy-and-hold Acquiring this apartment as a buy-and-hold investment could provide steady rental income, but with the current listing price being fair, the potential for value increase is constrained. Given its position in a moderately ranked neighborhood, longer-term capital gains may require strategic improvements to enhance the property’s condition. Not ideal for short-term vacation rental The location's peripheral positioning in Setúbal and low amenities make it an unsuitable candidate for short-term vacation rentals. This strategy fails to align with the expected rental demand typically associated with such properties. Not ideal for luxury market The property does not cater to luxury market demands, given its 0/100 condition score and the average neighborhood rating. Its pricing and condition render it incompatible with the expectations of luxury buyers. Not ideal for student housing With moderate amenities and a peripheral location, this property is not attractive for the student housing market, which often requires proximity to universities and vibrant surroundings. The neighborhood quality is not conducive to supporting a viable student rental strategy.
Economic Volatility Risk With an economic stability score of 45/100 and a tenant stability score of 50/100, there is a significant risk of fluctuating rental income due to potential market instability, affecting overall property profitability.
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