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, 2-bathroom apartment of 147 m², built in 2021, energy rating B. Located on praceta do Chefe de Lanço, 98, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment has well-maintained balconies providing ample natural light and direct sun exposure, enhancing its overall appeal and enjoyment of outdoor space. Condition: The property reflects modern design with minimal wear, suitable for immediate occupation.
The valuation. The asking price of €360,000 exceeds the fair value of €228,982 by €131,018 (36.4%), indicating that the property is overpriced. Buy-to-flip angle. Given the current market trends, a resale strategy could yield profits; however, the high acquisition cost limits potential returns. Buy-to-let angle. The estimated rental income of €840/month results in a gross yield of 2.8%, which is modest for the investment landscape in Pinhal Novo but may appeal to long-term tenants.
Fair value modelled at €228,982 from the area baseline, adjusted for condition and location. Asking €360,000 sits €131,018 (36.4%) above — overpriced versus fair value.
Asking €360,000 versus the praceta do Chefe de Lanço, 98 area baseline of €233,436 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 44/100 (Housing Market 40 · Amenities 55 · Economic 35 · Tenant Quality 45). Softer demand indicators apply a discount to baseline.
praceta do Chefe de Lanço, 98
Area baseline €233,436 + condition +€1,148 + location -€5,602 = modelled fair value of €228,982 (€1,558/m²), a €131,018 (36.4%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta do Chefe de Lanço, 98 | Subject | €360,000 | €2,449 | — | 72 | 44 |
| avenida Natália Correia, 198 | Active | €406,000 | €1,742 | 28.8% | 62 | 52 |
| rua dos Combatentes da Grande Guerra, 4 | Active | €269,000 | €2,102 | 14.2% | 72 | 44 |
| rua Dom Francisco de Almeida, 26 | Active | €324,900 | €2,372 | 3.2% | 85 | 53 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 7.4% | 60 | 56 |
| Median comp | €301,950 | €2,185 | 10.8% | 67 | 53 |
Long-term rental With a gross yield of 2.8%, the long-term rental strategy for this property appears unattractive compared to the fair value assessment of €228,982, indicating a significant gap of 36.4%. Additionally, the rural context and limited tenant diversity may hinder stable occupancy and rental growth potential. Family rental While the 147m² size may appeal to families, the property's overall condition rating of 76/100 and a neighborhood score of 44/100 suggest it may not meet the demands of family tenants effectively. The significant overvaluation of €360,000 compared to the fair value further stresses the inadequacy of this strategy in the current market dynamics.
Economic Vulnerability The low Economic Stability score of 35/100 indicates a potential risk of declining property values due to unstable economic conditions.
