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 125 m², built in 2003, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features an electric vehicle charging station at the building entrance, enhancing sustainability and convenience for eco-conscious residents.
The valuation. The asking price of €340,000 sits significantly above the fair value of €205,947, marking a €134,053 premium (39.4%). This property is overpriced in the current market.
Fair value modelled at €205,947 from the area baseline, adjusted for condition and location. Asking €340,000 sits €134,053 (39.4%) above — overpriced versus fair value.
Asking €340,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €198,500 (€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 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 52/100 (Housing Market 50 · Amenities 50 · Economic 60 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €198,500 + condition +€5,859 + location +€1,588 = modelled fair value of €205,947 (€1,648/m²), a €134,053 (39.4%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 1e644e | Subject | €340,000 | €2,720 | — | 75 | 52 |
| rua dos Combatentes da Grande Guerra S / N | Active | €295,000 | €3,172 | 16.6% | 74 | 49 |
| rua Manuel Verissimo da Silva, 5 | Active | €340,000 | €2,720 | 0% | 73 | 47 |
| Pinhal Novo · 1e6356 | Active | €295,000 | €3,172 | 16.6% | 75 | 45 |
| Pinhal Novo · 0dcc2e | Active | €315,000 | €2,864 | 5.3% | 75 | 54 |
| Median comp | €305,000 | €3,018 | 11.0% | 75 | 48 |
Buy-and-hold This property, priced at €340,000, is significantly overpriced as its fair value is only €205,947, representing a 39.4% gap. Additionally, with a gross yield of just 3.2%, the potential returns do not justify the acquisition cost, especially considering the neighborhood score of 52/100. Value-add renovation While the apartment offers a decent condition score of 78/100, its overpriced status at €340,000 indicates that renovation efforts may not yield the expected returns on investment. The current gap from fair value suggests that even with enhancements, the property remains a poor investment choice given the significant financial risk. Family rental Targeting this property for long-term family rental appears unwise, as its valuation of €340,000 is not aligned with the fair value of €205,947, thus representing an overpriced opportunity. The neighborhood's moderate score combined with low yield makes this a less attractive option for family tenants, highlighting the risk associated with high entry costs.
Economic Volatility Risk The economic stability score of 60/100 indicates potential fluctuations in market conditions that could negatively impact property value and rental income stability. Tenant Turnover Risk With a tenant stability score of 50/100, there is a heightened risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
