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 102 m² on the 2nd floor, energy rating C. Located on estrada Palmela, 37, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features two balconies providing outdoor access from both bedrooms, enhancing natural light and outdoor private space despite its ongoing renovation.
The asking price is below the fair value, with a 2.2% upside versus the asking price. Rental income represents a strong strategy for this property, with an estimated gross yield of 5.7%, placing it in the top quarter of the national range.
The property's fair value is built through a blend of two models. The Transaction model uses real transaction data from 214 recorded sales in the Setúbal area, contributing 55% to the fair value assessment. The Adjusted asking-price model incorporates current listings, adjusted to resemble sale levels, contributing 45%. No conservative adjustments were applied to this property. As a result, the fair value calculated is €271,000, while the asking price is €265,000, showing that the asking price is in line with the fair value. The confidence level in this assessment is high.
Gross yield 5.7% (before costs)
This 2-bedroom apartment in Setúbal offers a strong investment case due to its gross rental yield of 5.7%, positioning it favorably within the national range. The asking price aligns closely with the fair value, presenting a 2.2% upside versus the asking price, indicating a well-priced opportunity in the current market. The property is in decent condition, rated at 70/100, yet its rural location may limit tenant demand and infrastructure. Therefore, while the rental income potential is solid, investors should consider the location's challenges when evaluating long-term stability.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The low economic stability score of 35/100, combined with a moderate tenant stability score of 50/100, poses a risk of potential fluctuations in rental income and increased vacancy rates.
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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