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, 0-bathroom apartment of 100 m². Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment offers two balconies that enhance outdoor living space, and a built-in wardrobe in the hall maximizes storage efficiency in the layout.
The valuation. The asking price of €299,500 is significantly above the fair value of €154,591, representing an overpriced status of €144,909 (48.4%). This discrepancy indicates potential challenges for achieving a justified investment return. Buy-to-flip angle. Given the current valuation, a buy-to-flip strategy would face difficulty given the resell possibilities and market competition; the investment costs may not justify the anticipated margin. Buy-to-let angle. With a gross yield of 0%, the rental income strategy lacks immediate financial viability, making it unsuitable for a profitable buy-to-let investment in the current market conditions.
Fair value modelled at €154,591 from the area baseline, adjusted for condition and location. Asking €299,500 sits €144,909 (48.4%) above — overpriced versus fair value.
Asking €299,500 versus the Pinhal Novo, Palmela, Setúbal area baseline of €158,800 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 74 · Materials 68 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 51/100 (Housing Market 40 · Amenities 50 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €158,800 + condition -€4,844 + location +€635 = modelled fair value of €154,591 (€1,546/m²), a €144,909 (48.4%) gap versus the €299,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6d54b8 | Subject | €299,500 | €2,995 | — | 74 | 51 |
| Pinhal Novo · 6fb925 | Active | €377,900 | €3,149 | 5.1% | 74 | 50 |
| Pinhal Novo · f366f4 | Active | €395,000 | €3,657 | 22.1% | — | 49 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 5.9% | — | 55 |
| rua 7 Fevereiro | Active | €299,900 | €2,884 | 3.7% | 70 | 55 |
| Median comp | €338,900 | €3,017 | 0.7% | 72 | 53 |
Long-term rental The property in Pinhal Novo is overpriced at €299,500 compared to a fair value of €154,591, indicating a gap of 48.4%. Additionally, with a yield of 0% gross, the financial viability of a long-term rental strategy becomes severely strained. Buy-and-hold Given the significant valuation gap and a condition score of 72/100, holding onto this property is not recommended, as it does not represent a sound investment strategy. The lack of yield coupled with an overpriced listing further diminishes its appeal for a buy-and-hold approach. Family rental While family rentals typically value both space and local amenities, the property’s overpriced status of €299,500 juxtaposed with its low fair value suggests that potential returns may be disappointing. Moreover, the neighborhood score of 51/100 indicates a lack of appeal that could deter prospective family tenants, making this strategy less attractive.
Economic Downturn Risk The property is at risk due to a relatively low economic stability score of 55/100, indicating potential vulnerability to economic downturns that could affect rental income.
