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, 2-bathroom apartment of 115 m² on the 3rd floor. Located on rua de Benguela, 5, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. The attic space enhances functionality with Velux windows and an extra bathroom, making it ideal for multi-generational living or home offices.
The asking price of €277,000 is considered below the fair value of €324,000, indicating a gap of €47,000, which translates to a 17.1% upside. Confidence in this fair value assessment is medium. Rental income. The property's estimated gross yield of 5.6% positions it in the top quarter of the national range, making it a strong candidate for the rental income strategy.
The property's fair value is formed by a combination of two models: the Transaction model, which uses real transaction data of 214 recorded sales in Setúbal, and the Adjusted asking-price model, reflecting current listings with asking prices adjusted to sale levels. The Transaction model accounts for 55% and the Adjusted asking-price model for 45%. No conservative adjustments were applied to this property. As a result, the asking price is below the fair value, with a gap of €47,000 representing a 17.1% upside. Confidence in this estimate is medium.
Gross yield 5.6% (before costs)
This 2-bed apartment in Setúbal presents a compelling investment opportunity, with a gross rental yield of 5.6%, placing it in the top quarter of the national range. The property is assessed as being underpriced compared to its fair value of €324,000, providing an upside of 17.1% versus the asking price of €277,000. Its condition, rated at 80 out of 100, indicates it is in decent shape, while the neighbourhood score of 50 suggests moderate local amenities and tenant quality. Overall, this investment benefits from strong rental income potential and a favorable price-to-value ratio, creating a solid opportunity for potential investors.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk Based on the economic stability score of 50/100 and tenant stability score of 50/100, there is a significant risk of economic fluctuations and tenant turnover affecting rental income and property value. Fair value certainty risk With a fair value set at €324,000 and a medium confidence level due to the lack of available micro-location transaction data, there is a risk that the current fair value may not accurately reflect the true market conditions.
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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