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.
0-bedroom, 2-bathroom mix_use_building of 90 m², built in 1976, energy rating D. Located on largo da Boavista, 4, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The property boasts an original wooden staircase and an attic space that offers potential for creative transformation, enhancing its appeal in the historic center of Palmela.
The valuation. The asking price of €245,100 sits significantly above the fair value of €93,964, representing an overpricing of €151,136 (61.7%). This property is not a sound investment given its inflated valuation.
Fair value modelled at €93,964 from the area baseline, adjusted for condition and location. Asking €245,100 sits €151,136 (61.7%) above — overpriced versus fair value.
Asking €245,100 versus the largo da Boavista, 4 area baseline of €142,920 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 41/100 (Condition 40 · Materials 45 · Room dimensions 39). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 50 · Economic 45 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
largo da Boavista, 4
Area baseline €142,920 + condition -€47,813 + location -€1,143 = modelled fair value of €93,964 (€1,044/m²), a €151,136 (61.7%) gap versus the €245,100 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo da Boavista, 4 | Subject | €245,100 | €2,723 | — | 40 | 48 |
| Palmela · 1e6036 | Active | €450,000 | €2,368 | 13.0% | — | 54 |
| Palmela · 96c346 | Active | €225,000 | €3,462 | 27.1% | — | 40 |
| Palmela · 4bc62c | Active | €180,000 | €2,687 | 1.4% | 65 | 39 |
| Palmela · 2620d6 | Active | €205,000 | €3,942 | 44.8% | — | 47 |
| Median comp | €215,000 | €3,075 | 12.9% | 65 | 44 |
Long-term rental The property is overpriced by 61.7% compared to its fair value, making it an unattractive long-term rental investment. Its low yield of 0% and lackluster condition (41/100) further undermine its potential in this strategy. Buy-and-hold Investing in this property under a buy-and-hold strategy is not advisable due to its significant overpricing, as evidenced by the fair value gap. The poor condition rating of 41/100 and unfavorable neighborhood score (48/100) suggest limited appreciation potential over time. Family rental As a family rental option, this property is not a prudent choice given its substantial overvaluation and lack of appeal to potential tenant demographics. The combination of a 0% yield and a low condition score indicates that it may not meet the needs of families looking for viable housing options.
Tenant turnover risk With a tenant stability score of 55/100, there's a significant chance for high turnover, which can increase vacancy rates and associated costs affecting overall profitability.
