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.
3-bedroom, 2-bathroom apartment of 233 m², energy rating C. Located on avenida Natália Correia, 198, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes a bright living room with access to a balcony, enhancing natural light and outdoor space for relaxation in a family-friendly urbanization.
The valuation. The asking price of €406,000 is significantly above the fair value of €339,834, representing an overprice of €66,166 (16.3%). This property is not a competitive option for investors seeking fair market opportunities.
Fair value modelled at €339,834 from the area baseline, adjusted for condition and location. Asking €406,000 sits €66,166 (16.3%) above — overpriced versus fair value.
Asking €406,000 versus the avenida Natália Correia, 198 area baseline of €370,004 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 62 · Materials 68 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 52/100 (Housing Market 45 · Amenities 50 · Economic 55 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
avenida Natália Correia, 198
Area baseline €370,004 + condition -€33,130 + location +€2,960 = modelled fair value of €339,834 (€1,459/m²), a €66,166 (16.3%) gap versus the €406,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Natália Correia, 198 | Subject | €406,000 | €1,742 | — | 62 | 52 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 30.2% | 60 | 56 |
| urbanização Vila S | Active | €406,000 | €1,742 | 0% | 70 | 52 |
| rua dos Combatentes da Grande Guerra, 4 | Active | €269,000 | €2,102 | 20.6% | 72 | 44 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 8.3% | 70 | 51 |
| Median comp | €332,000 | €1,922 | 10.3% | 70 | 52 |
Long-term rental The 3-bed apartment in Pinhal Novo is currently overpriced at €406,000, which presents a significant gap of 16.3% from its fair value of €339,834. With a gross yield of only 4.3%, this investment may struggle to generate satisfactory returns in a rural to semi-urban area with limited tourism impact. Buy-and-hold While holding this property in Pinhal Novo may seem appealing, the valuation at €406,000 is significantly above the fair value of €339,834, indicating it is overpriced. The current condition rating of 66 and neighborhood score of 52 suggest that long-term appreciation may be limited, making this strategy less favorable than anticipated.
Economic and Tenant Stability Risk With both economic and tenant stability scores at 55/100, there is a significant risk that fluctuations in the local economy or tenant turnover could lead to increased vacancy rates and decreased rental income.
