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 102 m² on the 3rd floor, built in 1994, energy rating E. Located on rua Afonso Castro, 20, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features a newly renovated bathroom and a cozy stone-clad fireplace, enhancing both modern comfort and aesthetic appeal in the living space.
The asking price of €269,850 is marginally below our assessed fair value of €274,000, indicating a medium confidence in this valuation. The asking price is currently in line with the fair value, creating a slight upside of 1.5% against it.
The property's fair value is determined through a combination of two models. The Transaction model, based on real transaction data from 244 recorded sales in Setúbal, accounts for 55% of the evaluation. The Adjusted asking-price model, using current listings with adjustments made to the sale level, represents the remaining 45%. For this property, no conservative adjustments were applied. The final result shows that the asking price is in line with the fair value, sitting at €269,850 against a fair value of €274,000, indicating a 1.5% upside. Overall, confidence in this evaluation is medium.
Gross yield 5.2% (before costs)
This 3-bedroom apartment in Setúbal presents a compelling investment opportunity with its estimated gross yield of 5.2%, positioning it above the middle of the national rental income range, which aligns well with the potential for steady cash flow. While the asking price of €269,850 is in line with the fair value of €274,000, the slight upside of 1.5% compared to the asking price suggests a stable value maintenance in this peripheral location. The property's overall condition is rated at 75/100, indicating it is functional, while the neighborhood, rated 48/100, suggests some limitations, warranting consideration for a targeted rental strategy that capitalizes on its strengths without overextending into the luxury or vacation rental markets.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 40/100 indicates a significant risk related to potential financial instability in the area, which may negatively impact tenant reliability as evidenced by the tenant stability score of 60/100. Fair value certainty risk The valuation of the property is at fair value €274,000 with medium confidence, which suggests that there is a notable uncertainty regarding the accuracy of this valuation due to the absence of micro-location transaction data for this address.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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