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 85 m², built in 1988, energy rating C. Located on rua Humberto Delgado, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Feature: The apartment benefits from a designated storage space, enhancing organization and providing additional convenience for residents. Accessibility: Located conveniently close to Pinhal Novo train station for easy commuting.
The valuation. The asking price of €235,000 is significantly above the fair value of €140,036, representing an overpricing of €94,964 (40.4%). This places the property in a challenging investment position due to its inflated cost.
Fair value modelled at €140,036 from the area baseline, adjusted for condition and location. Asking €235,000 sits €94,964 (40.4%) above — overpriced versus fair value.
Asking €235,000 versus the rua Humberto Delgado area baseline of €207,825 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 51/100 (Housing Market 50 · Amenities 55 · Economic 50 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
rua Humberto Delgado
Area baseline €207,825 + condition +€4,516 + location +€540 = modelled fair value of €140,036 (€1,647/m²), a €94,964 (40.4%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Humberto Delgado | Subject | €235,000 | €2,765 | — | 75 | 51 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 4.5% | 70 | 49 |
| rua Avelina Pires Leitão, 232 | Active | €269,900 | €2,966 | 7.3% | 82 | 50 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 3.0% | 75 | 49 |
| rua Dom Sancho I S / N | Active | €259,000 | €3,597 | 30.1% | 78 | 50 |
| Median comp | €264,950 | €2,928 | 5.9% | 77 | 50 |
Long-term rental The property currently presents a 3.7% gross yield, indicating that its income potential does not justify the overpricing with a significant gap of 40.4% from fair value. With a neighbourhood rating of just 51/100, tenant demand may be questionable, making long-term rental a risky strategy in this location. Value-add renovation Although the property has a decent condition rating of 78/100, the current pricing exceeds fair value by 40.4%, complicating the financial rationale for any potential renovation investment. Given the limited economic diversification and lower demand for housing in the semi-rural location, the anticipated returns from a value-add renovation may not meet expectations. Not ideal for luxury market This property does not cater to the luxury market, with its surroundings reflecting a semi-rural lifestyle and a neighbourhood score of only 51/100. The significant gap to fair value further indicates that no luxury appeal exists, making this strategy unsustainable. Not ideal for short-term vacation rental The location's proximity to the Alentejo coast does not compensate for the low neighborhood rating of 51/100, suggesting inadequate amenities for short-term vacation rental success. With a gross yield of just 3.7%, this segment is unlikely to deliver acceptable returns given the property's overpriced status.
Economic and Tenant Instability With both economic stability and tenant stability scores at 50/100, there is a significant risk of fluctuating rental income and increased vacancy rates, impacting overall cash flow stability.
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