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 128 m², built in 2023, energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features an expansive 82 m² terrace that enhances outdoor living and offers unobstructed views of the Serra da Arrábida, perfect for entertaining. Location Advantage: Located in the vibrant center of Palmela, it allows effortless access to local shops and amenities, all within walking distance.
The valuation. The asking price of €439,000 is significantly above fair value, which is estimated at €211,212. This results in an overpriced status of €227,788 (51.9%).
Fair value modelled at €211,212 from the area baseline, adjusted for condition and location. Asking €439,000 sits €227,788 (51.9%) above — overpriced versus fair value.
Asking €439,000 versus the Palmela, Palmela, Setúbal area baseline of €203,264 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 78 · Materials 83 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 46/100 (Housing Market 35 · Amenities 45 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
Palmela, Palmela, Setúbal
Area baseline €203,264 + condition +€11,200 + location -€3,252 = modelled fair value of €211,212 (€1,650/m²), a €227,788 (51.9%) gap versus the €439,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 49b819 | Subject | €439,000 | €3,430 | — | 78 | 46 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 34.6% | 74 | 48 |
| Palmela · 82c685 | Active | €275,000 | €2,835 | 17.3% | 62 | 43 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 30.8% | 75 | 45 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 15.0% | 74 | 49 |
| Median comp | €257,000 | €2,605 | 24.1% | 74 | 47 |
Buy-and-hold Buying this 3-bed apartment in Palmela may not be ideal, as it is priced at €439,000, significantly above the fair value of €211,212, indicating that it is overpriced by 51.9%. With a gross yield of 0% and a neighborhood score of only 46/100, the potential for price appreciation or return on investment appears limited. Family rental The property at €439,000 does not present a compelling opportunity for family rental given its high price relative to a fair value of €211,212, highlighting its overpriced nature. The lack of yield and a low neighborhood score further detracts from its potential as a desirable rental option for families. Not ideal for Student housing or the luxury market due to the 0% gross yield and rural economic profile, this property fails to attract a suitable tenant demographic. Additionally, the apartment's location and condition do not align with the expectations of either student renters or those seeking luxury accommodations.
Economic vulnerability The low economic stability score of 35/100 indicates a heightened risk of economic downturns affecting property values and rental demand, which may impact returns on investment.
