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 90 m², built in 1986. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes a 6 m² storage room with a barbecue area, enhancing its functionality and outdoor entertaining options in a central location. Localização: Situado no coração de Pinhal Novo, perto de comércio e escolas. Classificação: Excelente condição, com janelas em PVC.
The valuation. The asking price of €280,000 sits €145,423 (51.9%) above the fair value of €134,577, indicating that the property is overpriced. This discrepancy suggests that potential investors should proceed with caution.
Fair value modelled at €122,792 from the area baseline, adjusted for condition and location. Asking €280,000 sits €157,208 (56.1%) above — overpriced versus fair value.
Asking €280,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €142,920 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 62 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 48/100 (Housing Market 40 · Amenities 50 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline. Full location report →
Pinhal Novo, Palmela, Setúbal
Area baseline €142,920 + condition -€18,984 + location -€1,143 = modelled fair value of €122,792 (€1,364/m²), a €157,208 (56.1%) gap versus the €280,000 asking price.
Buy-and-hold The 2-bed apartment in Pinhal Novo is overpriced at €280,000 with a fair value of just €134,577, reflecting a substantial gap of 51.9%. The gross yield of 3.1% combined with a low neighbourhood score of 48/100 suggests that holding this property may not generate favorable long-term returns. Family rental This property is not ideal for family rental purposes as it is priced significantly above its fair value, indicating a poor investment landscape for potential tenants. With a neighbourhood quality score of only 48/100, attracting long-term family renters may prove to be challenging. Not ideal for: Short-term vacation rental, Student housing, Luxury market This apartment's characteristics and pricing make it unsuitable for short-term vacation rental and student housing, both of which typically require better returns or location desirability. Additionally, the luxury market appeal is diminished due to its condition rating of 62/100 and a lackluster neighbourhood standing.
Economic Risk The property's economic stability score of 35/100 indicates a potentially volatile market that could affect tenant demand and rental income.
