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 118 m², built in 2010. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment boasts a spacious balcony ideal for outdoor entertaining, alongside the convenience of a dedicated parking space and attic storage for enhanced living comfort.
The valuation. The asking price of €329,000 sits €139,760 (42.5%) above the fair value of €189,240, indicating that the property is overpriced. This significant disparity suggests a lack of market alignment for investment.
Fair value modelled at €189,240 from the area baseline, adjusted for condition and location. Asking €329,000 sits €139,760 (42.5%) above — overpriced versus fair value.
Asking €329,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €187,384 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 51/100 (Housing Market 45 · Amenities 50 · Economic 35 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €187,384 + condition +€1,106 + location +€750 = modelled fair value of €189,240 (€1,604/m²), a €139,760 (42.5%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 90da10 | Subject | €329,000 | €2,788 | — | 73 | 51 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 3.8% | 75 | 49 |
| rua Dom Sancho I S / N | Active | €259,000 | €3,597 | 29.0% | 78 | 50 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 5.9% | 70 | 53 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 1.1% | — | 55 |
| Median comp | €265,000 | €2,751 | 1.3% | 75 | 52 |
Buy-and-hold This property is overpriced at €329,000, significantly exceeding its fair value of €189,240, resulting in a 42.5% gap that indicates a lack of investment value. With a modest yield of 3.3% gross and a neighbourhood quality score of only 51/100, holding this property carries substantial risk without promise of strong returns. Value-add renovation Although renovations could potentially enhance the appeal of this apartment, the current listing price of €329,000 is still far above its fair value of €189,240, leading to a 42.5% markup that makes the investment questionable. Improving the condition score from 76/100 might not sufficiently justify the high acquisition cost in this less-than-ideal neighbourhood. Not ideal for luxury market Given the overpriced nature of this property at €329,000 compared to a fair value of €189,240, it is not poised to attract high-end luxury buyers. The overall condition and neighborhood rating indicate a lack of features appealing to the luxury segment. Not ideal for student housing The property is overpriced at €329,000, significantly exceeding the fair value, which diminishes the prospects for student housing investment. Additionally, the 51/100 neighbourhood score may not meet the demands of student populations looking for suitable living environments.
Economic Vulnerability The property's low economic stability score of 35 indicates a heightened risk of fluctuations in rental income and tenant turnover due to potential economic instability in the region.
