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 house of 51 m². Located on rua Vasco da Gama, 13, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Feature: The property includes a generous 58.80 m² yard, offering ample outdoor space for leisure and potential landscaping, enhancing its investment appeal in a quiet location.
The valuation. The asking price of €195,000 is significantly above the fair value of €45,612, indicating an overpriced status with a difference of €149,388 (76.6%). This discrepancy suggests potential buyers should be cautious.
Fair value modelled at €45,612 from the area baseline, adjusted for condition and location. Asking €195,000 sits €149,388 (76.6%) above — overpriced versus fair value.
Asking €195,000 versus the rua Vasco da Gama, 13 area baseline of €80,988 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 (Condition 28 · Materials 32 · Room dimensions 40). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 51/100 (Housing Market 45 · Amenities 55 · Economic 40 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
rua Vasco da Gama, 13
Area baseline €80,988 + condition -€35,700 + location +€324 = modelled fair value of €45,612 (€894/m²), a €149,388 (76.6%) gap versus the €195,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama, 13 | Subject | €195,000 | €3,824 | — | 28 | 51 |
| Palmela · 4a81f8 | Active | €570,000 | €4,101 | 7.2% | 50 | 54 |
| rua da Alfazema, 61 | Active | €180,000 | €1,800 | 52.9% | — | 53 |
| Pinhal Novo · 93728c | Active | €349,500 | €4,854 | 27.0% | 68 | 55 |
| rua Salgueiro Maia | Active | €449,000 | €2,314 | 39.5% | 55 | 54 |
| Median comp | €399,250 | €3,208 | 16.1% | 55 | 54 |
Long-term rental The current listing price of €195,000 significantly exceeds the fair value of €45,612, reflecting a 76.6% gap that indicates the property is overpriced. With a gross yield of 4.4%, the long-term rental potential does not justify the inflated purchase price in a rural area with limited economic activity. Value-add renovation Investing in renovations for this property may offer potential improvements, but the current valuation places it at a price point that is far too high at €195,000 compared to a fair value of €45,612. Given the condition rating of 30/100, the costs associated with necessary renovations may not yield a sufficient return on investment, making this strategy risky in an overpriced market. Family rental While the property has the potential to serve as a family rental, the substantial gap between its listing price and fair value suggests it is overpriced at €195,000. Additionally, with a neighbourhood quality rating of 51/100, attracting long-term tenants may be challenging without an attractive pricing strategy that aligns with the local market reality.
High Vacancy Risk The low Economic stability score of 40/100 combined with a Tenant stability score of 50/100 indicates a potential for significant tenant turnover, raising the likelihood of extended vacancy periods and resulting loss of rental income.
