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 99 m², built in 1982, energy rating D. Located on avenida dos Bombeiros Voluntários de Palmela, Palmela parish, Palmela municipality, Setúbal district. This fourth-floor apartment boasts dual elevators for easy access and is situated within a well-organized condominium, perfect for families seeking convenience and comfort.
The valuation. The asking price of €235,000 is significantly above the fair value of €151,283, resulting in an overpriced assessment of €83,717 (35.6%). This indicates a high entry cost for potential investors given the current market conditions.
Fair value modelled at €151,283 from the area baseline, adjusted for condition and location. Asking €235,000 sits €83,717 (35.6%) above — overpriced versus fair value.
Asking €235,000 versus the avenida dos Bombeiros Voluntários de Palmela area baseline of €157,212 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 75 · Materials 74 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 45/100 (Housing Market 40 · Amenities 40 · Economic 35 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
avenida dos Bombeiros Voluntários de Palmela
Area baseline €157,212 + condition -€2,784 + location -€3,144 = modelled fair value of €151,283 (€1,528/m²), a €83,717 (35.6%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Bombeiros Voluntários de Palmela | Subject | €235,000 | €2,374 | — | 75 | 45 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 5.5% | 74 | 48 |
| Palmela · 001bc1 | Active | €350,000 | €1,872 | 21.2% | — | 45 |
| rua de Simões, 26 | Active | €435,000 | €1,740 | 26.7% | — | 48 |
| rua de São Filipe, 12B | Active | €349,000 | €2,102 | 11.4% | 72 | 49 |
| Median comp | €354,500 | €1,987 | 16.3% | 73 | 48 |
Long-term rental The property in Palmela is overpriced at €235,000, with a fair value estimated at €151,283, reflecting a significant gap of 35.6%. Given the low neighbourhood score of 45/100 and limited economic diversity, rental demand may be inconsistent, impacting long-term profitability. Buy-and-hold Investing in this 3-bed apartment for the long-term is not advisable because it is listed at a price that exceeds its fair value by 35.6%. The combination of a 4.3% gross yield and subpar condition ratings makes it unlikely that this asset will appreciate sufficiently to justify the current asking price. Not ideal for short-term rental This property is not suitable for a short-term rental strategy due to its overpriced nature and a challenging neighbourhood score of 45/100. Consequently, it lacks the amenities and appeal necessary to attract transient tenants effectively. Not ideal for luxury market Positioned in a rural area with limited appeal, the apartment fails to cater to the luxury market, compounded by its overpriced valuation of €235,000. The inadequate neighbourhood dynamics further diminish its potential to attract affluent buyers. Not ideal for student housing This property is overpriced and inadequately suited for student housing, as it is located in a rural area with a low score in tenant quality. Limited local amenities and economic variability may deter steady rental interest from students seeking accommodation.
High Market Vulnerability The property is at risk of decreased income due to a low economic stability score of 35/100, indicating potential economic downturns could severely impact tenant retention and rental income.
