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.
4-bedroom, 2-bathroom apartment of 147 m² on the 3rd floor, built in 2001, energy rating C. Located on rua Bombeiros de Setúbal, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. The apartment features three balconies, two of which are enclosed, offering wide views and additional space for relaxation or entertainment.
The asking price of €360,000 is above our assessed fair value of €310,000, indicating a gap of €50,000, or a 13.8% downside versus the asking price; confidence in this fair value is low. Rental income. This property has a strong rental income potential with an estimated gross yield of 6.1%, placing it in the top quarter of the national range before costs, vacancy, and management.
The property's fair value is built using a combination of two models: the Transaction model, which weighs real transaction data from 42 sales in Setúbal at 55%, and the Adjusted asking-price model, based on current listings, weighing 45%. For this property, no conservative adjustments were necessary. The resulting fair value is €310,000. The asking price is €360,000, indicating that the asking price is above the fair value, representing a €50,000 gap, or 13.8% downside compared to the asking price. Confidence in this valuation is low.
Gross yield 6.1% (before costs)
This 4-bed apartment in Setúbal is listed at €360,000, which reflects a significant 13.8% downside compared to its fair value of €310,000, indicating that the asking price is above the fair value. Despite its 6.1% gross yield being in the top quarter of the national range, the limited local economic activity and amenities of the neighborhood may restrict rental income potential and tenant quality, translating to a low confidence in long-term returns. Additionally, the property’s condition rating of 75/100 suggests that while it is in decent shape, significant investment may still be necessary to enhance its rental appeal in a relatively weaker neighborhood context. Therefore, prospective investors should approach with caution, weighing the potential for consistent rental income against the elevated asking price.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The combined economic stability score of 45/100 and tenant stability score of 60/100 suggests potential challenges in maintaining consistent rental income due to economic uncertainties affecting tenant retention and market demand. Fair value certainty risk With a fair value set at €310,000 and low confidence in this valuation, including issues such as unavailable transaction data and significant discrepancies between estimates, the true market value could be significantly different from the provided figure.
Grade AFindings: 0
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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