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, 0-bathroom house of 72 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This property features a spacious 207 m² yard with an annex including an additional kitchen and garage, enhancing functionality for outdoor living or potential rental income.
The valuation. The asking price of €349,500 is significantly above the fair value of €110,998, indicating an overpriced status of €238,502 (68.2%). This disparity raises concerns regarding the property's current market appeal.
Fair value modelled at €110,998 from the area baseline, adjusted for condition and location. Asking €349,500 sits €238,502 (68.2%) above — overpriced versus fair value.
Asking €349,500 versus the Pinhal Novo, Palmela, Setúbal area baseline of €185,256 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 68 · Materials 72 · Room dimensions 74). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 55/100 (Housing Market 50 · Amenities 55 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €185,256 + condition -€5,625 + location +€2,287 = modelled fair value of €110,998 (€1,542/m²), a €238,502 (68.2%) gap versus the €349,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 93728c | Subject | €349,500 | €4,854 | — | 68 | 55 |
| Pinhal Novo · f36354 | Active | €542,500 | €5,267 | 8.5% | 74 | 41 |
| Palmela · 4a81f8 | Active | €570,000 | €4,101 | 15.5% | 50 | 54 |
| rua da Alfazema, 61 | Active | €180,000 | €1,800 | 62.9% | — | 53 |
| Palmela · 6d534a | Active | €470,000 | €2,487 | 48.8% | 70 | 57 |
| Median comp | €506,250 | €3,294 | 32.1% | 70 | 54 |
Long-term rental The property’s current listing price of €349,500 is considerably above the fair value of €110,998, leading to a substantial 68.2% gap that makes it an unattractive option for long-term rental. With a gross yield of only 3.1%, the investment does not provide adequate return prospects in a suburban area with limited economic opportunities. Buy-and-hold Holding this property is unlikely to yield significant appreciation, given its overpriced status and the local market’s moderate demand. The subpar condition rating of 70/100, combined with the neighbourhood rating of 55/100, reinforces the limited potential for long-term capital growth in this investment. Not ideal for luxury market The property’s pricing does not align with the luxury market segment due to its significant overvaluation. With its location in a suburban area and its fair value being considerably lower, it lacks the key characteristics attractive to luxury buyers. Not ideal for student housing This property is also unsuitable for student housing, primarily due to its high price relative to the fair value and the local market's limited demand. Its current listing price would be burdensome for typical student budgets, further diminishing its appeal in this segment.
Low Economic Confidence With an economic stability score of 45/100, there is a heightened risk of economic downturn impacting tenant demand and rent payments.
