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 110 m². Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes a pleasant balcony and a sunroom, enhancing indoor-outdoor living and natural light throughout the space.
The valuation. The asking price of €315,000 is significantly above fair value, which sits at €182,803, marking a discrepancy of €132,197 (42.0%). The property is therefore overpriced.
Fair value modelled at €182,803 from the area baseline, adjusted for condition and location. Asking €315,000 sits €132,197 (42.0%) above — overpriced versus fair value.
Asking €315,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €174,680 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 54/100 (Housing Market 45 · Amenities 55 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €174,680 + condition +€5,328 + location +€2,795 = modelled fair value of €182,803 (€1,662/m²), a €132,197 (42.0%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 0dcc2e | Subject | €315,000 | €2,864 | — | 75 | 54 |
| rua Manuel Verissimo da Silva, 5 | Active | €340,000 | €2,720 | 5.0% | 73 | 47 |
| rua Salgueiro Maia, 1 | Active | €330,000 | €3,000 | 4.8% | 70 | 51 |
| Pinhal Novo · 6fbc18 | Active | €340,000 | €2,906 | 1.5% | 70 | 46 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 6.3% | 75 | 49 |
| Median comp | €335,000 | €2,813 | 1.8% | 72 | 48 |
Long-term rental The property in Pinhal Novo is overpriced at €315,000, significantly exceeding the fair value of €182,803 by 42.0%. With a gross yield of only 3.1%, it does not present an attractive option for long-term rental investors given the high entry price and mediocre neighbourhood rating of 54/100. Buy-and-hold Despite its decent condition rating of 78/100, the property is overpriced, making it a poor choice for a buy-and-hold strategy at the current listing price. The lack of access to high-level schools and luxury amenities further diminishes its potential for appreciation over time, given the neighbourhood's overall economic and housing landscape.
Economic Vulnerability With an economic stability score of 50/100, there's a heightened risk of market fluctuations negatively affecting property value and cash flow stability.
