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 57 m² on the 1st floor, energy rating D. Located on praceta Bonifácio Lázaro, 3, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. The property boasts an updated bathroom featuring modern grey tiles and glass fixtures, enhancing its appeal among similarly priced apartments in the area.
The asking price of €238,000 exceeds our fair value assessment of €194,000, indicating that the property is overpriced with a significant downside of €44,000, representing an 18.5% decline versus the asking price. Confidence in this fair value is low.
The asking price is above the fair value. The fair value is calculated using a combination of two models: the Transaction model, which uses real transaction data from 407 sales in Setúbal, and the Adjusted asking-price model, based on current listings. Weights are assigned to these models, with the Transaction model contributing 55% and the Adjusted asking-price model 45%. No conservative adjustments were applied to this property. The final fair value is set at €194,000, revealing that the asking price of €238,000 is above this value, indicating an 18.5% downside, suggesting a low confidence in this assessment.
Gross yield 5.1% (before costs)
No specific strategy stands out for this property.
Investors should consider that the asking price of €238,000 is significantly above the fair value of €194,000, indicating an 18.5% downside versus the asking price. The property's condition is rated at 76 out of 100, suggesting it is in good shape, but the neighbourhood has a lower score of 50, which could impact future desirability. Overall, this property is priced over its fair value, which raises concerns about its potential as a sound investment.
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 a moderate risk profile that could affect the property's rental income stability. Fair value certainty risk The valuation of the property indicates a fair value of €194,000 with low confidence, suggesting significant uncertainty about its true market value as transaction micro-location data is not available for this address.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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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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