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 77 m² on the 3rd floor, energy rating C. Located on avenida Nossa Senhora do Carmo, 25, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. The apartment boasts premium chevron tiling and stone countertops, enhancing its luxurious appeal while contrasting with the dated exterior maintenance of the building.
The asking price sits at €288,000, which is slightly above our fair value of €281,000, indicating a gap of €7,000; confidence in this fair value is low. The estimated gross yield is 4.5%.
The property's fair value is calculated using a blend of the Transaction model and the Adjusted asking-price model. The Transaction model, which consists of real transaction data from Setúbal, holds a 55% weight, while the Adjusted asking-price model, based on current listings, accounts for 45%. No conservative adjustments were applied to this property. As a result, the fair value is €281,000. Given that the asking price is €288,000, the asking price is in line with the fair value, showing a 2.4% downside versus the asking price. Confidence in this estimate is low.
Gross yield 4.5% (before costs)
No specific strategy stands out for this property.
Investors should consider that while the asking price is in line with the fair value, there is a 2.4% downside versus the asking price, which suggests a lack of appreciation potential. The property's condition is rated at 80/100, indicating it is generally well-maintained, but the neighborhood score of 50/100 reflects a less desirable location. Overall, these factors indicate caution, as the investment may not produce significant value beyond its current price.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has an economic stability score of 50/100 and a tenant stability score of 50/100, indicating potential challenges in attracting stable tenants and securing consistent rental income. Fair value certainty risk The valuation shows a fair value of €281,000 with low confidence due to the lack of available micro-location transaction data and significant differences between estimates, which raises concerns about this property's true market value.
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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