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, 3-bathroom apartment of 166 m² on the 3rd floor, built in 2004, energy rating E. Located on rua de São Filipe, 11, Palmela parish, Palmela municipality, Setúbal district. This property features two dedicated parking spaces and an exterior storage room, adding practical value in urban living.
The valuation. The asking price of €383,000 exceeds the fair value of €260,980 by €122,020 (31.9%), indicating that the property is overpriced. This discrepancy suggests buyers should exercise caution in their investment decisions.
Fair value modelled at €260,980 from the area baseline, adjusted for condition and location. Asking €383,000 sits €122,020 (31.9%) above — overpriced versus fair value.
Asking €383,000 versus the rua de São Filipe, 11 area baseline of €378,314 (€2,279/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 70 · Materials 76 · Room dimensions 78). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 35 · Amenities 40 · Economic 30 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
rua de São Filipe, 11
Area baseline €378,314 + condition -€519 + location -€2,109 = modelled fair value of €260,980 (€1,572/m²), a €122,020 (31.9%) gap versus the €383,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de São Filipe, 11 | Subject | €383,000 | €2,307 | — | 70 | 48 |
| rua de São Filipe, 12B | Active | €349,000 | €2,102 | 8.9% | 72 | 49 |
| rua de São Filipe, 11 | Active | €349,000 | €2,102 | 8.9% | 72 | 48 |
| rua de São Filipe, 11 | Active | €365,000 | €2,199 | 4.7% | 76 | 49 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 2.8% | 74 | 48 |
| Median comp | €354,000 | €2,151 | 6.8% | 73 | 49 |
Long-term rental The property’s current listing price of €383,000 represents a 31.9% premium over its fair value of €260,980, indicating it is overpriced for potential long-term rental investments. With a gross yield of only 3.6%, the rental return does not justify the elevated purchase price in a neighborhood rated 48/100 for amenities and tenant quality. Value-add renovation Despite the potential for value-add renovations, the property’s current price of €383,000 surpasses its fair value by 31.9%, marking it as overpriced. Hence, the expected returns from renovations may not compensate for the high initial investment in a neighborhood characterized by limited economic activities and amenities.
High Economic Risk The property faces significant economic instability with a score of 30/100, indicating a potential for low demand and declining property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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