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 105 m² on the 2nd floor, built in 1979, energy rating C. Located on praceta Amadeu de Sousa Cardoso, 4, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. The property offers two balconies, providing outdoor space, and is conveniently located next to a park, enhancing its tranquil living environment.
The asking price is €345,000, which is €47,000 above the fair value of €298,000, reflecting a 13.5% downside. Confidence in this fair value is medium.
The fair value of this property is determined using a combination of two models: the Transaction model, based on 244 real transaction data from the parish of Setúbal, and the Adjusted asking-price model, which adjusts current listings to reflect sale prices. A weighted blend of these models gives 55% to the Transaction model and 45% to the Adjusted asking-price model. No conservative adjustments were applied to this property. The result shows that the asking price is above the fair value by €47,000, which represents a 13.5% downside. The confidence level is medium.
Gross yield 5.1% (before costs)
The property is priced at €345,000, which exceeds the fair value by 13.5%, indicating that the asking price is above the fair value. Despite this, the estimated gross yield of 5.1% presents a compelling rental income opportunity, placing it above the national average range. The apartment's condition rating of 79/100 suggests a solid state of upkeep that may appeal to tenants, while its location in Setúbal, although scoring 50/100, still offers decent amenities that could attract renters. Therefore, while the investment price is elevated, the rental yield may justify consideration in a diversified portfolio.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic and tenant stability scores are both 50/100, indicating potential volatility in rental income and occupancy rates. Fair value certainty risk The fair value is set at €298,000 with medium confidence, suggesting uncertainty in the accuracy of this valuation due to the lack of micro-location transaction data.
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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