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.
1-bedroom, 1-bathroom apartment of 52 m² on the 1st floor, built in 1986, energy rating D. Located on rua das Oliveiras, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. The apartment features a unique horizontal property title, allowing simultaneous purchase of an additional T2 unit in the same building for versatile investment options.
The asking price is €110,000, which is notably lower than our fair value of €138,000, indicating an upside of 25.9% against the asking price. Rental income. The estimated gross yield of 6.8% positions this property in the top quarter of the national range, making it a viable rental income strategy. Renovation upside. With a current condition rating of 44/100, there is significant potential for enhancement, and indicative renovation costs of €980/m² suggest promising returns. Renovate to rent. Post-renovation, estimated gross rental yield could improve to 5.6%, still maintaining a strong position within the national rental income framework.
The asking price is below the fair value. The property’s fair value is built using a combination of two models: the Transaction model, which uses real transaction data from 87 sales in Setúbal (accounting for 55% of the valuation), and the Adjusted asking-price model (45%), which adjusts current asking prices to a sale level. Conservative adjustments are made for areas, non-living area composition, and cost to cure where applicable, resulting in a fair value of €138,000. The asking price of €110,000 represents a significant upside of 25.9%. Confidence in this valuation is high.
Gross yield 6.8% (before costs)
This 1-bed apartment in Setúbal offers a strong investment opportunity, with the asking price of €110,000 sitting 25.9% below its fair value of €138,000, indicating a favorable entry point for potential appreciation. The estimated gross yield of 6.8% reflects robust rental income potential, placing it in the top quarter of national averages. While the property requires renovations, its current condition score of 44/100 provides a margin for improvements that could further elevate its value, enhancing the overall return on investment.
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 a mixed risk environment that could affect rental income and property value. Data quality risk The listings of this property disagree, which may lead to uncertainty and misinformation regarding potential returns and the overall investment strategy.
Grade DFindings: 1
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