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 73 m² on the 3rd floor, built in 1977, energy rating D. Located on rua Mal Talhado, 23, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This apartment boasts elegant decorative terracotta tiling and high-end marble vanities, highlighting its potential for aesthetic appeal despite requiring maintenance.
The asking price of €239,900 sits above our assessed fair value of €218,000, indicating a downside of €21,900, or 9.2%. Our confidence in this fair value estimate is low. Rental income. The estimated gross yield of 5.5% positions this property within the top quarter of the national rental yield range, suggesting a strong potential for generating stable cash flow.
The fair value of this property is assessed using two models: the Transaction model, which relies on 407 recorded sale prices in Setúbal, and the Adjusted asking-price model, based on current listings. These models are combined with a weight of 55% for the Transaction model and 45% for the Adjusted asking-price model. For this property, conservative adjustments were not applied. The result is that the asking price is above the fair value, specifically €21,900 (9.2% downside vs the asking price). The confidence level in this valuation is low, indicating some uncertainty in the estimates.
Gross yield 5.5% (before costs)
This 2-bed apartment in Setúbal is positioned in a neighborhood that has a moderate score of 50 out of 100, which indicates that while there are opportunities for rental income, the overall demand is average. With a gross yield of 5.5%, it falls within the strong sector of the rental market, yet the property is overpriced, with an asking price that is 9.2% above its fair value of €218,000. This 9.2% downside versus the asking price suggests potential challenges in achieving a profitable rental income in the current market climate. Subsequently, investors should approach this opportunity with caution due to the low confidence level surrounding the fair value assessment.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score is 50/100 and the tenant stability score is also 50/100, indicating potential challenges in maintaining consistent rental income or tenant retention. Fair value certainty risk The valuation is considered to be at fair value of €218,000, but with low confidence due to a lack of micro-location transaction data and significant discrepancies between estimates.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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