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.
4-bedroom, 2-bathroom apartment of 166 m², built in 2003, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a unique upper storage room with potential for direct internal access, allowing for versatile usage as an office or leisure area, enhancing family functionality.
The valuation. The asking price of €385,000 sits €117,174 (30.4%) above the fair value of €267,826, suggesting the property is overpriced in the current market. Buy-to-flip angle. A resale strategy may require significant renovations to justify a higher market price, but competition in the area could limit potential gains. Buy-to-let angle. With a gross yield of 3.2%, the estimated monthly rental income of €1,027 could attract stable, long-term tenants despite the mixed neighborhood rating of 54/100.
Fair value modelled at €267,826 from the area baseline, adjusted for condition and location. Asking €385,000 sits €117,174 (30.4%) above — overpriced versus fair value.
Asking €385,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €427,118 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 78 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 54/100 (Housing Market 40 · Amenities 50 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €427,118 + condition +€0 + location +€4,218 = modelled fair value of €267,826 (€1,613/m²), a €117,174 (30.4%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6d5354 | Subject | €385,000 | €2,319 | — | 72 | 54 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 31.1% | 70 | 51 |
| avenida Alexandre Herculano, 12 | Active | €290,000 | €2,014 | 13.2% | 75 | 50 |
| Pinhal Novo · 93765b | Active | €410,000 | €1,745 | 24.8% | 73 | 44 |
| urbanização Vila S | Active | €406,000 | €1,742 | 24.9% | 70 | 52 |
| Median comp | €395,500 | €1,744 | 24.8% | 72 | 51 |
Buy-and-hold The 4-bed apartment in Pinhal Novo, Palmela is overpriced at €385,000 compared to its fair value of €267,826, presenting a 30.4% gap that limits potential appreciation over time. With a modest gross yield of 3.2% and a neighbourhood rating of 54/100, this property lacks the solid fundamentals needed for a successful buy-and-hold investment strategy. Family rental While this property could appeal to families looking for larger living spaces, its overpriced listing at €385,000 suggests that potential rental income may not justify the investment. The neighbourhood's lower rating of 54/100 and limited urban development further indicate challenges in attracting demand for family rentals in this area. Long-term rental Investing in this long-term rental opportunity might be unwise given the high listing price of €385,000 versus the fair market value of €267,826, leading to a significant risk in terms of yield and tenant demand. The apartment's location in a peripheral area with limited amenities and a neighbourhood rating of 54/100 poses additional concerns for long-term stability in rental income.
Economic Volatility Risk The property has a low economic stability score of 50/100, indicating potential volatility in market conditions that could affect rental income.**
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