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.
4-bedroom, 3-bathroom apartment of 235 m², built in 2005. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment offers a garage and two parking spaces, providing exceptional convenience in a densely populated area.
The valuation. The asking price of €410,000 sits €63,401 (15.5%) above the fair value of €346,599, indicating that the property is overpriced. The discrepancy suggests a cautious approach for potential investors considering this listing.
Fair value modelled at €346,599 from the area baseline, adjusted for condition and location. Asking €410,000 sits €63,401 (15.5%) above — overpriced versus fair value.
Asking €410,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €604,655 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 73 · Materials 75 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 44/100 (Housing Market 30 · Amenities 35 · Economic 40 · Tenant Quality 35). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €604,655 + condition -€17,625 + location -€8,956 = modelled fair value of €346,599 (€1,475/m²), a €63,401 (15.5%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 93765b | Subject | €410,000 | €1,745 | — | 73 | 44 |
| Pinhal Novo · 6d5354 | Active | €385,000 | €2,319 | 32.9% | 72 | 54 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 8.4% | 70 | 51 |
| avenida Alexandre Herculano, 12 | Active | €290,000 | €2,014 | 15.4% | 75 | 50 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 30.0% | 60 | 56 |
| Median comp | €337,500 | €2,141 | 22.7% | 71 | 53 |
Long-term rental The property in Pinhal Novo is priced at €410,000, which exceeds its fair value of €346,599 by 15.5%, indicating that it is overpriced. With a gross yield of 0% and a neighborhood score of 44/100, the long-term rental prospects appear limited. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is not advisable due to its 15.5% gap above the fair value of €346,599, marking it as overpriced. The overall condition rating of 70/100 and the unfavorable neighborhood assessment raise further concerns about future appreciation potential.
High vacancy risk The combination of a low economic stability score of 40/100 and a tenant stability score of 35/100 indicates a potential for high vacancy rates due to an unstable rental market and unreliable tenants.
