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 93 m², built in 1988, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The semi-equipped kitchen boasts quality appliances and a pantry, while the ground-floor location ensures easy access and abundant natural light, enhancing daily living comfort and convenience.
The valuation. The asking price of €295,000 exceeds the fair value of €149,816 by €145,184 (49.2%). Given this substantial premium, the property is considered overpriced.
Fair value modelled at €149,816 from the area baseline, adjusted for condition and location. Asking €295,000 sits €145,184 (49.2%) above — overpriced versus fair value.
Asking €295,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €239,289 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 45/100 (Housing Market 40 · Amenities 45 · Economic 50 · Tenant Quality 45). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €239,289 + condition +€5,086 + location -€2,954 = modelled fair value of €149,816 (€1,611/m²), a €145,184 (49.2%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 1e6356 | Subject | €295,000 | €3,172 | — | 75 | 45 |
| Pinhal Novo · 1e644e | Active | €340,000 | €2,720 | 14.3% | 75 | 52 |
| Pinhal Novo · 0dcc2e | Active | €315,000 | €2,864 | 9.7% | 75 | 54 |
| rua Manuel Verissimo da Silva, 5 | Active | €340,000 | €2,720 | 14.3% | 73 | 47 |
| Pinhal Novo · dee64a | Active | €341,500 | €3,595 | 13.3% | 74 | 58 |
| Median comp | €340,000 | €2,792 | 12.0% | 75 | 53 |
Long-term rental\nDue to the high asking price of €295,000 compared to the fair value of €149,816, the potential gross yield of 3.3% is insufficient to justify this investment in a semi-rural area with limited demand. The lower neighborhood rating of 45/100 further indicates that tenant quality may not meet expectations, making long-term rental a less favorable strategy here.\n\nValue-add renovation\nAlthough renovations could potentially enhance the property’s appeal, the existing gap of 49.2% from fair value suggests that the current list price is already inflated. Investing in value-add renovation may not lead to a proportional return given the price point and the surrounding neighborhood's limitations.\n\nNot ideal for luxury market\nThe property’s location and the surrounding semi-rural context fail to attract the type of affluent clientele that defines the luxury market. Consequently, this apartment is misaligned with high-end expectations due to its pricing and neighborhood conditions.\n\nNot ideal for short-term vacation rental\nGiven the limited infrastructure and lower demand typical of peripheral areas, this property struggles to meet the expectations of short-term vacation rental markets. The property’s high asking price further complicates its attractiveness to transient guests seeking better value options in more desirable locations.
High Vacancy Risk: With an economic stability score of 50/100 and a tenant stability score of 45/100, there's a significant risk of high vacancy rates affecting rental income.
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