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.
2-bedroom, 1-bathroom apartment of 90 m², energy rating C. Located on rua José Saramago, 26, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features a spacious living room with a fireplace that adds warmth and charm, perfect for cozy gatherings during cooler months.
The valuation. The asking price of €260,000 is significantly above the fair value of €138,411, resulting in an overpriced status with a markup of €121,589 (46.8%). This suggests that potential investors might want to proceed with caution.
Fair value modelled at €138,411 from the area baseline, adjusted for condition and location. Asking €260,000 sits €121,589 (46.8%) above — overpriced versus fair value.
Asking €260,000 versus the rua José Saramago, 26 area baseline of €142,920 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 49/100 (Housing Market 40 · Amenities 50 · Economic 40 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
rua José Saramago, 26
Area baseline €142,920 + condition -€3,937 + location -€572 = modelled fair value of €138,411 (€1,538/m²), a €121,589 (46.8%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Saramago, 26 | Subject | €260,000 | €2,889 | — | 70 | 49 |
| rua Humberto Delgado | Active | €235,000 | €2,765 | 4.3% | 75 | 51 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 2.4% | — | 55 |
| rua Mário Viegas | Active | €270,000 | €3,000 | 3.8% | 70 | 50 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 9.2% | 70 | 53 |
| Median comp | €265,000 | €2,792 | 3.4% | 70 | 52 |
Long-term rental Given the significant gap between the listing price of €260,000 and the fair value of €138,411, this 2-bed apartment in Pinhal Novo represents an overpriced investment with limited potential for rental income, as indicated by a gross yield of just 3.4%. Additionally, with a neighborhood rating of only 49/100, tenant demand and quality in this peripheral location are likely to be weak, further diminishing the prospects for profitable long-term rental. Value-add renovation While renovations could improve the condition score of 72/100 and possibly elevate the perceived value, the fundamental overvaluation of this property at €260,000 against its fair value of €138,411 poses a substantial risk to potential returns on investment post-renovation. The dependence on nearby towns for amenities and employment suggests that, even with upgrades, the property's appeal will remain constrained, making it a challenging value-add opportunity.
Low Economic Viability The property faces significant investment risk due to an economic stability score of 40/100, indicating potential challenges in financial growth and tenant retention.
