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 Feature: The storage room includes a barbecue area, offering a unique space for outdoor cooking and socializing in addition to standard storage functionality.
The valuation. The asking price of €280,000 is significantly above the fair value of €122,792, with a discrepancy of €157,208 (56.1%). This property is therefore considered overpriced.
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 €231,570 (€2,573/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.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 50 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €231,570 + 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.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 4bc6a3 | Subject | €280,000 | €3,111 | — | 65 | 48 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 9.4% | — | 55 |
| Pinhal Novo · 7356a2 | Active | €245,000 | €3,403 | 9.4% | 65 | 48 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 15.7% | 70 | 53 |
| Pinhal Novo · 65a865 | Active | €265,000 | €3,313 | 6.5% | 65 | 47 |
| Median comp | €265,000 | €3,066 | 1.5% | 65 | 51 |
Buy-and-hold The property, priced at €280,000, is significantly above its fair value of €122,792, indicating it is overpriced by 56.1%. Given the low gross yield of 3.1% and a neighborhood score of 48/100, long-term appreciation potential is weak, making this strategy less appealing. Family rental With a current listing price that exceeds its fair value by 56.1%, the 2-bed apartment at €280,000 is overpriced. The moderate condition score of 62/100 and the neighborhood’s 48/100 score suggest limited demand for family rentals in this area, further diminishing the case for this investment strategy.
Economic Instability Risk The property has a low economic stability score of 35/100, indicating a significant risk of fluctuating market conditions that could affect rental income and property value.
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