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 67 m², built in 1981. Located Palmela parish, Palmela municipality, Setúbal district. This property offers a designated parking space for individuals with reduced mobility and features a side entrance with a ramp, enhancing accessibility for all residents.
The valuation. The asking price of €180,000 is significantly above fair value by €91,581, representing an overvaluation of 50.9%. This discrepancy indicates that the property is overpriced and may pose financial risks to potential investors.
Fair value modelled at €88,419 from the area baseline, adjusted for condition and location. Asking €180,000 sits €91,581 (50.9%) above — overpriced versus fair value.
Asking €180,000 versus the Palmela, Palmela, Setúbal area baseline of €164,418 (€2,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 39/100 (Housing Market 30 · Amenities 30 · Economic 25 · Tenant Quality 40). Softer demand indicators apply a discount to baseline.
Palmela, Palmela, Setúbal
Area baseline €164,418 + condition -€13,295 + location -€4,681 = modelled fair value of €88,419 (€1,320/m²), a €91,581 (50.9%) gap versus the €180,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 4bc62c | Subject | €180,000 | €2,687 | — | 65 | 39 |
| Palmela · 0dcf1e | Active | €228,000 | €3,167 | 17.9% | 68 | 48 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 8.5% | 74 | 49 |
| rua Gregório Lopes, 31 | Active | €219,000 | €4,867 | 81.1% | 72 | 58 |
| Palmela · 96c346 | Active | €225,000 | €3,462 | 28.8% | — | 40 |
| Median comp | €226,500 | €3,315 | 23.4% | 72 | 49 |
Long-term rental While the yield of 5.2% may seem attractive at first glance, the property is significantly overpriced at €180,000 versus its fair value of €88,419. Coupled with a low neighbourhood rating of 39/100 and limited demand in this rural area, long-term rental viability appears questionable. Buy-and-hold Investing in this property as a buy-and-hold strategy is risky given its substantial overpricing; the gap to fair value stands at 50.9%. The low economic activity and tenant quality in the neighbourhood further suggest potential challenges in achieving stable appreciation over time.
High Vacancy Risk With an economic stability score of 25/100 and a tenant stability score of 40/100, there is a substantial risk of high vacancy rates impacting cash flow and return on investment.
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