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 72 m², built in 1986, energy rating D. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment benefits from excellent solar exposure facing east, ensuring abundant natural light throughout the day, and is located on a high ground floor for added security.
The valuation. The asking price of €228,000 is significantly above the fair value of €102,171, representing an overpricing of €125,829 (55.2%). This premium is unjustified given market conditions and property features.
Fair value modelled at €102,171 from the area baseline, adjusted for condition and location. Asking €228,000 sits €125,829 (55.2%) above — overpriced versus fair value.
Asking €228,000 versus the Palmela, Palmela, Setúbal area baseline of €114,336 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 68 · Materials 63 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 55 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Palmela, Palmela, Setúbal
Area baseline €114,336 + condition -€11,250 + location -€915 = modelled fair value of €102,171 (€1,419/m²), a €125,829 (55.2%) gap versus the €228,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 0dcf1e | Subject | €228,000 | €3,167 | — | 68 | 48 |
| Palmela · 4bc62c | Active | €180,000 | €2,687 | 15.2% | 65 | 39 |
| rua Gregório Lopes, 31 | Active | €219,000 | €4,867 | 53.7% | 72 | 58 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 8.0% | 74 | 49 |
| Palmela · 96c346 | Active | €225,000 | €3,462 | 9.3% | — | 40 |
| Median comp | €222,000 | €3,189 | 0.7% | 72 | 45 |
Long-term rental The property is overpriced at €228,000 compared to its fair value of €102,171, indicating a significant gap of 55.2%. With a gross yield of only 3.6%, the investment is unlikely to attract quality long-term tenants in a neighbourhood scoring 48/100. Value-add renovation Given the current valuation, investing in renovations would be a challenge as the property is already overpriced at €228,000, significantly above its fair value of €102,171. The potential for improved valuation through renovations is limited, as the property resides in a neighbourhood with a low rating of 48/100, likely restricting appealing buyer interest post-renovation.
Economic vulnerability The property is at risk due to a low economic stability score of 35/100, indicating potential for weak market performance and reduced tenant demand.
