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 103 m² on the 2nd floor, built in 2001, energy rating C. Located on praceta Pêro Vaz de Caminha, 6, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. Notable features include an elegant stone fireplace that enhances the living area's ambiance and a high-security armored door for added safety.
The asking price of €280,000 is above our fair value estimate of €259,000, indicating a downside of €21,000, or 7.4%. Our confidence in this fair value is medium. Rental income. The estimated gross yield of 6% suggests strong potential for rental income, positioning this property in the top quarter of the national range before accounting for costs and vacancy.
The asking price is above the fair value. The fair value is derived from a blend of the Transaction model, which uses 407 recorded sales data in Setúbal (São Sebastião) and the Adjusted asking-price model, incorporating current listings. This combination incorporates 55% of the Transaction model and 45% from the Adjusted asking-price model, with conservative adjustments for non-living areas. The computed fair value is €259,000, compared to the asking price of €280,000, reflecting a downside of 7.4%. The confidence level in this valuation is medium.
Gross yield 6% (before costs)
This 2-bed apartment in Setúbal presents an interesting investment opportunity, particularly for rental income with an estimated gross yield of 6.0%, which is in the top quarter of the national range. The property is in decent condition but is considered overpriced, with the asking price of €280,000 reflecting a 7.4% downside compared to the fair value of €259,000. While the expected rental yield may attract investors, the apparent overvaluation suggests caution is required. Overall, the potential for rental income exists, yet the price may limit its attractiveness for immediate investment.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability and tenant stability scores are both low at 50/100, indicating potential challenges in maintaining a steady rental income. Fair value uncertainty risk The valuation carries a medium confidence level, and the lack of micro-location transaction data may contribute to uncertainties regarding its fair value of €259,000.
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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