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 95 m² on the 4th floor, energy rating D. Located on rua Doutor António Manuel Gamito, 2, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features original reddish tile flooring and vintage wooden kitchen cabinetry, offering a unique character that might appeal to renovation enthusiasts.
The valuation. The asking price of €275,000 is €8,428 (3.0%) below the fair value of €283,428, suggesting that the property is fairly priced based on current market conditions. This valuation aligns with its competitive listing price in the area.
Fair value modelled at €283,428 from 6 comparable sales in the area. Asking €275,000 sits €8,428 (3.0%) below — the upside to fair value.
Asking €275,000 versus the rua Doutor António Manuel Gamito, 2 area baseline of €271,159 (€2,854/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €271,159, adjusted for condition and micro-location, gives a modelled fair value of €283,428 (€2,983/m²), a €8,428 (3.0%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor António Manuel Gamito, 2 | Subject | €275,000 | €2,895 | — | 55 | 50 |
| rua de Damão | Active | €278,000 | €3,610 | 24.7% | 60 | 46 |
| avenida D. Manuel I | Active | €220,000 | €2,857 | 1.3% | 65 | 45 |
| Setúbal (São Sebastião) · 57fd70 | Active | €199,000 | €2,843 | 1.8% | — | 53 |
| praça do Brasil S / N | Active | €245,000 | €3,712 | 28.2% | — | 55 |
| Median comp | €232,500 | €3,234 | 11.7% | 63 | 50 |
Long-term rental This 2-bed apartment in Setúbal offers a gross yield of 4.3%, reflecting a stable income potential in a semi-rural setting. Despite its fair valuation, the neighbourhood score of 50/100 indicates limitations in tenant quality and amenities. Buy-and-hold Investing in this property for a buy-and-hold strategy may yield consistent returns, given the fair value of €275,000 relative to fair market analysis. However, the 57/100 condition rating suggests the potential need for renovations, which could affect long-term sustainability. Family rental This apartment is reasonably priced for families looking for longer-term accommodation in Setúbal, with a gross yield of 4.3% providing a solid financial framework. Still, the rural surroundings and moderate neighbourhood score should be considered for attracting quality tenants over time.
Economic Vulnerability The property's economic stability score of 50/100 indicates a significant risk due to potential fluctuations in the local economy, which may lead to higher vacancy rates and decreased rental income.
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