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, 1-bathroom apartment of 97 m² on the 3rd floor, energy rating C. Located on largo 2 de Setembro, Setúbal (São Sebastião) parish, Setúbal municipality, Setúbal district. This apartment features a spacious living room of 20 m², creating an inviting social area illuminated by abundant natural light.
The asking price of €284,000 sits above our fair value estimate of €258,000, indicating a €26,000 downside or 9.1% versus the asking price; confidence in this fair value is medium. The rental income strategy is promising here, with an estimated gross yield of 5.4%, which positions it well within the top quarter of the national range.
The property's fair value is based on two models: the Transaction model, which uses 265 real transaction data points from Setúbal, and the Adjusted asking-price model, which analyzes current listings. These two models are combined in a weighted manner, with 55% from the Transaction model and 45% from the Adjusted asking-price model. For this property, no conservative adjustments were necessary. As a result, the fair value is determined to be €258,000. Thus, the asking price is above the fair value; specifically, the asking price is €26,000 (9.1%) above it, giving a medium confidence level in this assessment.
Gross yield 5.4% (before costs)
This 3-bed apartment in Setúbal is priced at €284,000, which represents a 9.1% downside compared to its fair value of €258,000, indicating that the asking price is above the fair value. However, it offers a strong rental income opportunity with an estimated gross yield of 5.4%, placing it in the top quarter of the national range for rental yields. The property's condition is rated at 79/100, suggesting it is well-maintained, although the neighbourhood scores only 50/100, which indicates mixed performance in terms of location appeal. Given these factors, careful consideration is advised due to the medium confidence in the investment's overall attractiveness.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With scores of 50 out of 100 for both economic stability and tenant stability, there is a moderate risk associated with the potential for income volatility or difficulties in securing reliable tenants over time. Data-quality findings risk The floor plan contradicts the advertisement, indicating that there may be discrepancies in the property details, which could affect buyer trust and valuation accuracy. Fair value certainty risk The fair value is assessed at €258,000 with medium confidence, while micro-location transaction data is not available for this address, raising uncertainty about the accuracy of this valuation.
Grade FFindings: 1
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Models 3.4.3 (Data quality v3 · Valuation v4.1 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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