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 122 m² on the 8th floor, built in 1995, energy rating D. Located on praceta Afonso de Paiva, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This apartment features modern high-gloss red cabinetry in the kitchen, providing a striking contrast to the varied flooring of marble-effect tiles and wooden laminate throughout the home.
The asking price of €334,000 is significantly above our estimated fair value of €177,000, indicating a potential downside of 47.1%. Confidence in this fair value assessment is low. Estimated gross rental yield sits at 6.8%, translating to approximately €1,893 per month, providing context but not forming part of a specific investment strategy assessment.
This property's fair value is built using two models: the Transaction model, which relies on 42 recorded sales in the parish of Setúbal, and the Adjusted asking-price model, based on current listings. We blend the two, giving more weight to the Transaction model (55%) than to the Adjusted asking-price model (45%). Conservative adjustments include estimated costs of necessary works, leading to a fair value of €177,000, which is 12.2% below the central estimate of €201,000. Given the substantial gap between the fair value and the asking price of €334,000, we conclude that the asking price is above the fair value; the fair value is 47.1% below the asking price.
Gross yield 6.8% (before costs)
No specific strategy stands out for this property.
The asking price of €334,000 is significantly higher than the fair value of €177,000, indicating a potential 47.1% downside versus the asking price. With a condition score of 57/100 and a neighbourhood score of 50/100, the property may require further evaluation regarding its investment potential. Investors should carefully consider the implications of the property's current pricing relative to its fair value before making a decision.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 50/100 and tenant stability score of 50/100 indicate significant risk in attracting and retaining tenants, which could adversely affect rental income and property occupancy rates. Fair value certainty risk The fair value is €177,000 with low confidence, as it is influenced by the lack of micro-location transaction data and differing estimates, leading to uncertainty regarding the property's actual market value.
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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