I visited my home land and found this little place (Y Quebedo)
The price is very fair and the place is in a beautiful part of the city of Setubal.
It is a perfect place for a couple but it is definitely an easy fit for a few friends to spend a few days too.
Everything about the room was perfect, the host was great and very easy to get along and if you don't know the area he will let you know of all places the may be of your interest.
Just up the road you can have a magnificent view of the sea (can't miss it) :)
Definitely a place to visit again on my future trips home.
Pros: Perfect fit, has its own kitchen and dinning table, close from everything. no noise as is not right on city centre. Perfect.
Cons: The place felt a bit humid so perhaps have a look at that (didn't bother me)
Location: Location is amazing, loads of different beach close by, amazing views, great restaurants. 100% Portuguese experience.