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 96 m², energy rating E. Located on rua Olival da Varzinha, Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) parish, Setúbal municipality, Setúbal district. This apartment features dual street exposure, enhancing natural light and creating a bright, welcoming environment throughout the living spaces.
The asking price of €259,000 is above the fair value of €180,000, reflecting an overvaluation of €79,000; this represents a 30.5% downside versus the asking price. The estimated gross yield is approximately 6.7%.
The asking price is above the fair value. The fair value is determined using a Transaction model, which relies on real transaction data from 214 sales in the parish of Setúbal, weighted at 55%, and an Adjusted asking-price model based on current listings, weighted at 45%. Adjustments for area and estimated costs to cure lead to a fair value of €180,000, which is 30.5% below the asking price of €259,000. Given these calculations and conservative adjustments, confidence in this fair value estimate is high.
Gross yield 6.7% (before costs)
No specific strategy stands out for this property.
Investors should carefully consider that the asking price of €259,000 is significantly above the fair value of €180,000, indicating a 30.5% downside potential. Additionally, the property is in fair condition, rated 57 out of 100, and is located in a zone that scores 50 out of 100, suggesting average market appeal. With a gross yield of 6.7%, the investment may not provide adequate returns relative to its asking price.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property faces a risk due to both economic stability and tenant stability scores being at 50/100, indicating potential difficulties in maintaining consistent rental income and property appreciation.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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