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 101 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes two balconies providing ample outdoor space, and a top-floor 16 m² storage room optimized for organization, enhancing daily living convenience. Additional Context: The property is ideally situated near essential amenities, enhancing its appeal for everyday living.
The valuation. The asking price of €265,000 is significantly above the fair value of €152,055, resulting in a substantial overvaluation of €112,945 (42.6%). This indicates that the property is overpriced and may not yield favorable returns.
Fair value modelled at €152,055 from the area baseline, adjusted for condition and location. Asking €265,000 sits €112,945 (42.6%) above — overpriced versus fair value.
Asking €265,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €246,945 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 73 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 53/100 (Housing Market 60 · Amenities 45 · Economic 50 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €246,945 + condition -€10,258 + location +€1,925 = modelled fair value of €152,055 (€1,505/m²), a €112,945 (42.6%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 0019f6 | Subject | €265,000 | €2,624 | — | 70 | 53 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 7.4% | — | 55 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 2.2% | 75 | 49 |
| Pinhal Novo · 65a865 | Active | €265,000 | €3,313 | 26.2% | 65 | 47 |
| Pinhal Novo · 4bc6a3 | Active | €280,000 | €3,111 | 18.6% | 65 | 48 |
| Median comp | €272,000 | €2,965 | 13.0% | 65 | 49 |
Value-add renovation Despite its current condition rating of 69/100, the potential for a value-add renovation strategy is limited due to the property's €265,000 asking price being significantly above the fair value of €152,055. The projected gross yield of 3.4% does not justify the high entry price, indicating that the property remains overpriced even after potential upgrades. Long-term rental The long-term rental strategy appears less attractive as the €265,000 price point creates challenges in achieving desirable tenant quality, given the fair value gap of 42.6%. With a neighbourhood rating of only 53/100, the property is unlikely to generate consistent demand, further confirming that it is overpriced in the current market climate.
Economic and Tenant Instability Risk: With an economic stability score of 50/100 and a tenant stability score of 55/100, there is a significant risk of fluctuations in rental income and occupancy, potentially impacting cash flow.
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