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, 2-bathroom apartment of 110 m² on the 3rd floor, energy rating C. Located on rua Gil Eanes, 3, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Noteworthy Features: The apartment features electric blinds in all rooms and a closed balcony in one bedroom, providing an additional versatile space with views over the Sado River.
The valuation. The asking price of €295,000 sits €65,556 (18.2%) below the fair value of €360,556, indicating that this property is underpriced. Such a valuation creates an opportunity for savvy investors to secure a positive investment return. Buy-to-flip angle. Given the property’s recent renovation and above-standard upgrades, a buy-to-flip strategy could yield substantial profits, especially in a market trending towards higher demand. The target resale could capture premium buyers in the Setúbal area. Buy-to-let angle. With an estimated gross yield of 3.5% and a projected rental income of approximately €860 per month, the property is an attractive option for long-term rental investments. Its lower pricing point allows for favorable cash flow dynamics.
Fair value modelled at €360,556 from 5 comparable sales in the area. Asking €295,000 sits €65,556 (18.2%) below — the upside to fair value.
Asking €295,000 versus the rua Gil Eanes, 3 area baseline of €275,884 (€2,508/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €275,884, adjusted for condition and micro-location, gives a modelled fair value of €360,556 (€3,278/m²), a €65,556 (18.2%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gil Eanes, 3 | Subject | €295,000 | €2,682 | — | 86 | 56 |
| rua Lúcia da Encarnação Maracoto, 2 | Active | €295,000 | €2,864 | 6.8% | 80 | 52 |
| rua de Aljubarrota, 3 | Active | €285,000 | €3,563 | 32.8% | 76 | 50 |
| rua Doutor António Manuel Gamito, 19 | Active | €315,000 | €2,864 | 6.8% | 75 | 56 |
| praceta Jorge Afonso | Active | €274,900 | €3,617 | 34.9% | 88 | 49 |
| Median comp | €290,000 | €3,214 | 19.8% | 78 | 51 |
Long-term rental The property is currently listed with a gap of 18.2% below its fair value, making it an attractive option for long-term rental investors seeking steady cash flow. Despite the peripheral location and limited amenities, the property's condition score of 81/100 suggests it can be maintained well to attract reliable tenants. Value-add renovation The current pricing presents an opportunity for value-add renovation strategies to enhance both the property's condition and rental yield, which is currently at 3.5% gross. By improving the apartment's amenities and updating its features, the investment could realize a greater return while aligning closer to its fair market value. Family rental Targeting families for long-term occupancy may yield reliable income as the property's pricing is below fair market value, offering an appealing option for budget-conscious renters. While the neighborhood's score of 56/100 indicates some limitations, the safe environment in Portugal contributes positively to its attractiveness for families looking for a more tranquil living situation.
Economic Vulnerability With an economic stability score of 45/100, there is a significant risk of economic downturn affecting rental income and property value.
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