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, 1-bathroom apartment of 222 m², built in 2006, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features three balconies, enhancing outdoor living options and providing ample natural light throughout the spacious interiors, catering to a comfortable and vibrant lifestyle.
The valuation. The asking price of €410,000 sits €53,302 (13.0%) above the fair value of €356,699, indicating the property is overpriced. This discrepancy suggests potential challenges in achieving a profitable purchase. Buy-to-flip angle. The strategy for resale hinges on enhancing the property’s aesthetic and functional appeal to capture market interest, targeting a resale above the current asking price. This could realize a modest profit with effective renovations. Buy-to-let angle. Implementing a buy-to-let strategy could generate estimated rental income of €1,469 per month, providing a gross yield of 4.3%. This income could support long-term investment sustainability in the property market.
Fair value modelled at €356,699 from the area baseline, adjusted for condition and location. Asking €410,000 sits €53,302 (13.0%) above — overpriced versus fair value.
Asking €410,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €352,536 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 70 · Materials 80 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 50/100 (Housing Market 50 · Amenities 40 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €352,536 + condition +€4,163 + location +€0 = modelled fair value of €356,699 (€1,607/m²), a €53,302 (13.0%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 90d846 | Subject | €410,000 | €1,847 | — | 70 | 50 |
| Pinhal Novo · 4bc678 | Active | €470,000 | €2,017 | 9.2% | 85 | 63 |
| avenida Alexandre Herculano, 12 | Active | €290,000 | €2,014 | 9.0% | 75 | 50 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 13.5% | 70 | 51 |
| urbanização Vila S | Active | €406,000 | €1,742 | 5.7% | 70 | 52 |
| Median comp | €395,500 | €1,878 | 1.7% | 73 | 52 |
Buy-and-hold This 3-bed apartment in Pinhal Novo is currently priced at €410,000, representing a 13.0% premium over its fair value of €356,699, indicating that it is overpriced. The potential yield of 4.3% gross does not sufficiently justify the elevated purchase price, especially given the moderate condition rating of 76/100 and neighborhood quality at 50/100. Family rental The listed price of €410,000 for this family-sized apartment exceeds the fair value of €356,699, illustrating that the property is overpriced and may not offer the desired return on investment for family rental purposes. With a neighborhood rating of only 50/100, the property may struggle to attract long-term tenants at a price reflective of its high listing. Not ideal for Luxury market This property in Pinhal Novo commands a listing price of €410,000, which surpasses its fair value, making it unsuitable for the luxury market due to its overpriced nature. Additionally, the neighborhood's moderate rating of 50/100 further detracts from its appeal in seeking high-end buyers. Not ideal for Short-term vacation rental Priced at €410,000, the apartment is above the fair value assessment of €356,699, categorizing it as overpriced for use as a short-term vacation rental. The combination of a 4.3% gross yield and a neighborhood rating of 50/100 suggests limited attractiveness to tourists and short-term renters looking for value in the Pinhal Novo area.
Weak Economic Environment The economic stability score of 50/100 indicates increased vulnerability to market fluctuations, potentially impacting tenant retention and rental income stability.
