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 68 m² on the 1st floor, energy rating C. Located on rua Zófimo Ramos Luz, 9, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This apartment boasts a large garden for residents, enhancing the living experience with outdoor space in a predominantly residential area.
The asking price of €230,000 is very close to the fair value of €231,000, indicating that the asking price is below the fair value; however, the confidence in this fair value is low. The estimated gross yield stands at 4.8%.
The property’s fair value is determined using a combination of the Transaction model and the Adjusted asking-price model. The Transaction model is based on 265 recorded sale prices in Setúbal over the last four quarters, accounting for 55% of the value. The Adjusted asking-price model considers current listings with adjusted asking prices, making up the remaining 45%. For this property, no conservative adjustments were applied. Based on this analysis, the fair value is €231,000, indicating that the asking price is in line with the fair value; there is a €1,000 (0.5% upside) difference, suggesting low confidence in this valuation.
Gross yield 4.9% (before costs)
No specific strategy stands out for this property.
Investors should consider that the asking price of €230,000 for this 3-bed apartment is closely aligned with its fair value of €231,000, indicating very limited upside of only 0.5%. Additionally, the property is in moderate condition with a rating of 82/100, while the neighborhood scores a lower 50/100, suggesting potential concerns about the area's desirability. Overall, the current dynamics imply a low confidence level regarding future appreciation.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The low economic stability score of 50/100 and tenant stability score of 50/100 suggests potential challenges in maintaining occupancy and rental income. Fair value certainty risk With a valuation of fair value €231,000 and a low confidence level, there is a significant risk regarding the accuracy of this valuation due to a lack of available micro-location transaction data and the discrepancy between the two estimates exceeding the acceptable tolerance.
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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