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 98 m² on the 5th floor, built in 1994, energy rating C. Located on rua Doutor Manuel Seabra Carqueijeiro, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. The apartment features an integrated built-in aquarium, adding a distinctive decorative element that enhances the living space's ambiance.
The asking price of €298,000 is significantly above our fair value estimate of €265,000, indicating a gap of €33,000, or 11.1% downside versus the asking price. Confidence in this fair value is low. Rental income. The rental income strategy for this property suggests a gross yield of 5.8%, placing it in the top quarter of the national range and indicating the potential for steady income generation.
The asking price is above the fair value. The fair value is determined using a Transaction model, which relies on real transaction data of 407 sales in Setúbal, combined with an Adjusted asking-price model based on current listings. This combination applies a weighted blend, with 55% from the Transaction model and 45% from the Adjusted asking-price model. No conservative adjustments were necessary for this property. The resulting fair value is €265,000, which is €33,000 (11.1%) lower than the asking price of €298,000, indicating a low confidence in this estimate.
Gross yield 5.8% (before costs)
This 2-bed apartment in Setúbal is currently listed at €298,000, reflecting an 11.1% downside against its fair value of €265,000, indicating that the asking price is above the fair value. While the property offers a strong rental income potential with a gross yield of 5.8%, the confidence in the investment's long-term return is diminished by its low neighborhood score of 50/100 and the apartment's condition rating of 78/100. Investors should approach this investment cautiously, as the property is overpriced relative to its value, which could impact both cash flow and market appreciation.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With both economic and tenant stability scores at 50/100, there is a significant risk that rental income may become unstable due to market fluctuations or tenant turnover. Fair value certainty risk The fair value is assessed at €265,000, but the certainty of this value is rated as low, indicating that the property could either be overestimated or underestimated in the market.
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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