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.
1-bedroom, 1-bathroom apartment of 50 m² on the 2nd floor, built in 1988, energy rating C. Located on rua Mormugão, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features a fully integrated open space design, ideal for maximizing natural light and contemporary living, complemented by premium marble and hardwood finishes throughout.
The asking price of €228,000 is above our fair value estimate of €208,000, indicating the property is overpriced. Confidence in this fair value is low. Rental income. The estimated gross yield of 5.1% suggests that the rental income strategy applies well to this property, sitting above the national average range.
The fair value of this property is built using two models: the Transaction model, which relies on real transaction data of 87 sales in the Setúbal area, and the Adjusted asking-price model, which adjusts current listings to reflect actual sale levels. These models are blended with a weight of 55% for the Transaction model and 45% for the Adjusted asking-price model. No conservative adjustments were necessary for this property. Consequently, the fair value is determined to be €208,000. Given the asking price of €228,000, the asking price is above the fair value, with an 8.6% downside versus the asking price, resulting in a low confidence level.
Gross yield 5.1% (before costs)
This 1-bed apartment in Setúbal, with an asking price of €228,000, is overpriced with a valuation gap of 8.6% against the fair value of €208,000, indicating a downside versus the asking price. Despite earning a gross yield of 5.1%, which sits above the nation's average, the property’s overall value is diminished by its location score of 50/100. Additionally, with a condition rating of 84/100, it indicates decent upkeep but not enough to offset the premium on the price, reflecting on lower-confidence investment prospects in the current market environment.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 50/100 combined with a tenant stability score of 50/100 indicates a significant risk of fluctuating demand, which could lead to periods without tenants and impact rental income negatively. Fair value certainty risk The low confidence in the €208,000 fair value, exacerbated by the lack of micro-location transaction data and differing estimates, suggests a considerable risk that the property may not hold its perceived value in the market.
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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