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 80 m² on the 6th floor, built in 1984, energy rating D. Located on avenida Doutor António Rodrigues Manito, 82, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. The property boasts an exterior terrace, enhancing outdoor living space, and features updated black granite countertops in the kitchen, adding modern elegance to its mid-range appeal.
The asking price of €250,000 sits slightly above our estimated fair value of €243,000, indicating a medium level of confidence in this assessment. The gap between the fair value and asking price is €7,000, resulting in a 2.8% downside against the asking price.
The property's fair value is built using a Transaction model and an Adjusted asking-price model. The Transaction model is based on real transaction data, with 214 recorded sales in the Setúbal area. Meanwhile, the Adjusted asking-price model considers current listings and adjusts asking prices to reflect sale levels. These two models are combined, with a weight of 55% for the Transaction model and 45% for the Adjusted asking-price model, and no conservative adjustments were applied to this property. Consequently, the fair value is determined to be €243,000. Therefore, the asking price is in line with the fair value, reflecting a 2.8% downside.
Gross yield 5.4% (before costs)
This 2-bed apartment in Setúbal presents an investment opportunity with a gross rental yield of 5.4%, placing it within the top quarter of national yields. While the asking price of €250,000 aligns closely with the fair value of €243,000, it indicates a 2.8% downside versus the asking. The property's condition, rated at 70/100, suggests it is reasonably well-maintained, though the neighborhood score of 50/100 highlights limitations in amenities and economic diversity. The strong rental income potential makes this property an attractive option for long-term rental investment despite surrounding economic factors.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has an economic stability score of 45/100 and a tenant stability score of 60/100, indicating potential vulnerabilities in its investment performance due to low economic and moderate tenant stability. Fair value certainty risk The valuation indicates a fair value of €243,000 with medium confidence, highlighting uncertainty about the accuracy of this figure, particularly due to the lack of micro-location transaction data for this address.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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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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