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 165 m², energy rating F. Located on praça do Brasil, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features a cozy fireplace in the spacious living room, enhancing its warmth and charm, while a closed garage provides added security and storage convenience.
The asking price of €215,000 is below our assessed fair value of €234,000, indicating a 8.7% upside. Rental income. This property demonstrates strong potential for rental income, with an estimated gross yield of 7%, positioning it in the top quarter of the national range. Renovation upside. With a current condition rating of 65/100, the property presents an opportunity for renovation, with estimated costs around €630/m² for cosmetic improvements.
The fair value of this property is calculated using two models. The Transaction model, based on 244 real transaction data from the parish of Setúbal, makes up 55% of the final value. The Adjusted asking-price model contributes 45%, adjusting current listings to reflect real sale prices. Conservative adjustments consider the cost to cure where applicable. The result is a fair value of €234,000, indicating the asking price is below the fair value, with a high confidence level.
Gross yield 7% (before costs)
This 3-bed apartment in Setúbal offers an attractive investment opportunity with a gross yield of 7%, positioning it in the top quarter of the national range for rental income. Despite its current condition of 65/100, there is potential for renovation upside, with indicative costs of approximately €630/m² for a cosmetic overhaul, allowing for value enhancement. The asking price of €215,000 is below the fair value of €234,000, presenting an 8.7% upside compared to the fair value, indicating a promising entry point for investors seeking both immediate cash flow and long-term appreciation. The confidence in this assessment is high, supported by solid rental demand in the area.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has a low economic stability score of 50/100 and tenant stability score of 50/100, indicating a moderate risk associated with potential fluctuations in rental income and occupancy rates. Data quality findings risk The property advertisement indicates another municipality, which suggests possible misleading marketing, while the specific micro-location transaction data is not available for this address, raising concerns about the accuracy of the property's market context.
Grade AFindings: 1
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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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