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, 1-bathroom house of 149 m², built in 1992, energy rating E. Located Palmela parish, Palmela municipality, Setúbal district. The property features a partially finished terrace, offering significant potential for expansion into a versatile outdoor space or additional room, enhancing its overall utility and value.
The valuation. The asking price of €218,000 exceeds the fair value of €163,711 by €54,289 (24.9%), indicating that the property is overpriced. This disparity raises concerns regarding investment viability.
Fair value modelled at €163,711 from the area baseline, adjusted for condition and location. Asking €218,000 sits €54,289 (24.9%) above — overpriced versus fair value.
Asking €218,000 versus the Palmela, Palmela, Setúbal area baseline of €339,571 (€2,279/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 (Condition 42 · Materials 45 · Room dimensions 48). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
Palmela, Palmela, Setúbal
Area baseline €339,571 + condition -€71,008 + location -€1,893 = modelled fair value of €163,711 (€1,099/m²), a €54,289 (24.9%) gap versus the €218,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 99f41c | Subject | €218,000 | €1,463 | — | 42 | 48 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 6d5553 | Active | €360,000 | €3,600 | 146.1% | 65 | 55 |
| Palmela · 1e6036 | Active | €450,000 | €2,368 | 61.9% | — | 54 |
| Palmela · 1e6403 | Active | €299,000 | €1,917 | 31.0% | 72 | 50 |
| rua Manuel Verissimo da Silva, 9 | Active | €850,000 | €1,848 | 26.3% | 20 | 41 |
| Median comp | €405,000 | €2,143 | 46.4% | 65 | 52 |
Long-term rental The property’s gross yield of 5.7% suggests a reasonable return potential; however, its 24.9% gap to fair value indicates that it may generate lower-than-expected rental income compared to other investment options. With a neighbourhood score of 48/100, tenant quality and demand might present challenges for a long-term rental strategy. Value-add renovation Despite the property being priced at €218,000, the fair value assessment of €163,711 highlights a significant opportunity risk, as renovation costs could further diminish the overall investment appeal. Given its condition score of 45/100, any renovation efforts would need to be carefully evaluated against the current overpriced market to ensure financial viability.
Economic Vulnerability The economic stability score of 35/100 indicates a high risk of economic downturns that could affect property values and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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