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 160 m² on the 2nd floor, built in 2003, energy rating D. Located on rua da Serrinha, 11, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Feature: The property includes a unique wood-clad attic with skylights, enhancing natural light and providing significant energy advantages rarely found in apartments. Additional Context: This versatile space can serve as additional storage or a cozy retreat.
The valuation. The asking price of €359,000 is significantly above the fair value of €256,297, resulting in an overvaluation of €102,703, or 28.6%. This property is therefore overpriced for potential investors.
Fair value modelled at €256,297 from the area baseline, adjusted for condition and location. Asking €359,000 sits €102,703 (28.6%) above — overpriced versus fair value.
Asking €359,000 versus the rua da Serrinha, 11 area baseline of €254,080 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 50 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
rua da Serrinha, 11
Area baseline €254,080 + condition +€4,250 + location -€2,033 = modelled fair value of €256,297 (€1,602/m²), a €102,703 (28.6%) gap versus the €359,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Serrinha, 11 | Subject | €359,000 | €2,244 | — | 74 | 48 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 5.8% | 75 | 45 |
| Palmela · 001bc1 | Active | €350,000 | €1,872 | 16.6% | — | 45 |
| rua de São Filipe, 11 | Active | €349,000 | €2,102 | 6.3% | 72 | 48 |
| rua de São Filipe, 11 | Active | €365,000 | €2,199 | 2.0% | 76 | 49 |
| Median comp | €349,500 | €2,151 | 4.2% | 75 | 47 |
Long-term rental The property is overpriced, with a significant gap of 28.6% versus its fair value of €256,297, making it a less attractive option for long-term rental investments. The local housing market's limited economic activity, combined with a low neighborhood rating of 48/100, suggests that potential rental demand is unlikely to be sustainable. Buy-and-hold Given the current valuation of €359,000, which exceeds fair value by 28.6%, there is limited upside potential in a buy-and-hold strategy for this 3-bed apartment. The rural nature of Palmela and its reliance on agriculture may hinder property appreciation and compound the investment risk over time.
Low Economic Resilience With an economic stability score of 35/100, there is a significant risk of income fluctuations affecting the property’s long-term value.
