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 1996, energy rating D. Located on rua Mário Viegas, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features custom cabinetry that maximizes storage and a cozy fireplace in the living room, providing both functionality and warmth for residents. Additional Context: Located in a quiet area with easy accessibility to essential services and public transport.
The valuation. The asking price of €270,000 is significantly above the fair value of €139,123, making it overpriced by €130,877 (48.5%). This excessive valuation raises concerns for potential investors.
Fair value modelled at €139,123 from the area baseline, adjusted for condition and location. Asking €270,000 sits €130,877 (48.5%) above — overpriced versus fair value.
Asking €270,000 versus the rua Mário Viegas area baseline of €142,920 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 74). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 50/100 (Housing Market 50 · Amenities 55 · Economic 50 · Tenant Quality 45). Strong amenities and housing-market momentum support a premium to baseline.
rua Mário Viegas
Area baseline €142,920 + condition -€3,797 + location +€0 = modelled fair value of €139,123 (€1,546/m²), a €130,877 (48.5%) gap versus the €270,000 asking price.
Long-term rental The 2-bed apartment in Pinhal Novo is overpriced at €270,000 compared to the fair value of €139,123, representing a significant gap of 48.5%. With a gross yield of only 3.4%, potential long-term rental returns do not justify the elevated acquisition cost. Value-add renovation The property’s condition rating of 72/100 indicates room for improvement; however, the listed price remains substantially above fair value at €270,000. While renovation could enhance value, the initial investment is risky given its current pricing against fair market estimates. Family rental Although the apartment is suited for family rentals, the overpriced listing of €270,000 raises concerns about profitability, especially considering the market's average yield of 3.4%. The suburban setting presents commuter potential, yet the 50/100 neighbourhood rating implies limited attractiveness for families relative to the high purchase price.
Economic and Tenant Instability The property faces significant risk due to an economic stability score of 50/100 and a tenant stability score of 45/100, indicating a potentially volatile rental market and unreliable tenant retention.
