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, 3-bathroom apartment of 166 m², built in 2004, energy rating E. Located on rua de São Filipe, 11, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes two dedicated parking spaces and an outdoor storage room, enhancing functionality in a bustling area near the historic Palmela Castle.
The valuation. The asking price of €365,000 is significantly above the fair value of €267,741, representing an overestimation of €97,259 (26.6%). This indicates that the property is overpriced for the current market conditions.
Fair value modelled at €267,741 from the area baseline, adjusted for condition and location. Asking €365,000 sits €97,259 (26.6%) above — overpriced versus fair value.
Asking €365,000 versus the rua de São Filipe, 11 area baseline of €407,364 (€2,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 76 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 49/100 (Housing Market 35 · Amenities 40 · Economic 30 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
rua de São Filipe, 11
Area baseline €407,364 + condition +€5,188 + location -€1,054 = modelled fair value of €267,741 (€1,613/m²), a €97,259 (26.6%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de São Filipe, 11 | Subject | €365,000 | €2,199 | — | 76 | 49 |
| rua de São Filipe, 11 | Active | €349,000 | €2,102 | 4.4% | 72 | 48 |
| rua de São Filipe, 11 | Active | €383,000 | €2,307 | 4.9% | 70 | 48 |
| rua de São Filipe, 12B | Active | €349,000 | €2,102 | 4.4% | 72 | 49 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 2.0% | 74 | 48 |
| Median comp | €354,000 | €2,173 | 1.2% | 72 | 48 |
Long-term rental The 3-bed apartment in Palmela is overpriced at €365,000, with a fair value estimated at €267,741, representing a 26.6% gap. With a gross yield of only 3.8% and limited local amenities, this property is unlikely to attract reliable long-term tenants. Buy-and-hold Investing in this Palmela property is not recommended due to its current overvaluation; acquiring it at €365,000 versus a fair value of €267,741 may hinder future capital appreciation. The low yield of 3.8%, combined with a mediocre condition rating of 77/100 and a neighbourhood score of only 49/100, suggests an unfavorable investment outlook.
Economic instability risk The economic stability score of 30/100 poses a significant risk, indicating a weak economic environment that may lead to reduced demand for the property.
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