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 80 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment's vintage charm is complemented by a cozy fireplace in the living room and two balconies, with one enclosed, enhancing usable space and comfort.
The valuation. The asking price of €265,000 is significantly above the fair value of €109,266, representing an overpricing of €155,734 (58.8%). This indicates a mismatch between market expectations and actual worth, making it a risky investment.
Fair value modelled at €109,266 from the area baseline, adjusted for condition and location. Asking €265,000 sits €155,734 (58.8%) above — overpriced versus fair value.
Asking €265,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €205,840 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 47/100 (Housing Market 50 · Amenities 50 · Economic 40 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €205,840 + condition -€16,250 + location -€1,524 = modelled fair value of €109,266 (€1,366/m²), a €155,734 (58.8%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 65a865 | Subject | €265,000 | €3,313 | — | 65 | 47 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 20.8% | 70 | 53 |
| Pinhal Novo · 4bc6a3 | Active | €280,000 | €3,111 | 6.1% | 65 | 48 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 14.9% | — | 55 |
| rua do Monte Novo, 25 | Active | €250,000 | €2,747 | 17.1% | 70 | 51 |
| Median comp | €265,000 | €2,783 | 16.0% | 70 | 52 |
Long-term rental The property at €265,000 is overpriced, with a fair value of only €109,266, representing a gap of 58.8%. The low gross yield of 3.4% and a neighborhood score of 47/100 indicate that long-term rental potential is limited and less attractive for investors. Value-add renovation Considering the condition rating of 62/100, while the property may offer opportunities for renovations, the significant overpricing at €265,000 compared to the fair value of €109,266 makes it a risky investment. Even with potential improvements, the high acquisition cost diminishes the attractiveness of a value-add strategy in this location. Not ideal for luxury market This property is unlikely to appeal to the luxury market, given its current condition rating of 62/100 and poor neighborhood score of 47/100. The €265,000 price tag does not align with luxury market expectations, which prioritize both property quality and location. Not ideal for student housing This apartment, set in a rural neighborhood with limited amenities and a low tenant quality rating, does not meet the needs of the student housing market effectively. Additionally, the significant overpricing further exacerbates the risk of a poor return on investment in this segment.
Weak Economic and Tenant Stability: With an economic stability score of 40/100 and a tenant stability score of 50/100, there is a significant risk of fluctuating demand which may lead to increased vacancy rates and lower rental income.
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