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 104 m², built in 2003, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features spacious balconies offering outdoor enjoyment and is situated just minutes from essential services, enhancing both comfort and convenience for family living.
The valuation. The asking price of €279,000 sits significantly above the fair value of €166,929, with a discrepancy of €112,071 (40.2%). This suggests that the property is overpriced in the current market.
Fair value modelled at €166,929 from the area baseline, adjusted for condition and location. Asking €279,000 sits €112,071 (40.2%) above — overpriced versus fair value.
Asking €279,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €165,152 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 49/100 (Housing Market 40 · Amenities 50 · Economic 45 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €165,152 + condition +€2,438 + location -€661 = modelled fair value of €166,929 (€1,605/m²), a €112,071 (40.2%) gap versus the €279,000 asking price.
Long-term rental The current listing price of €279,000 exceeds the fair value of €166,929 by 40.2%, indicating the property is overpriced. With a gross yield of only 3.1%, the return on investment is unlikely to attract long-term tenants in this rural setting. Family rental This apartment, although spacious with 104m², is priced above its fair value and will struggle to attract families looking for affordable housing. The poor neighbourhood rating of 49/100 further diminishes its appeal for family rentals, especially given the basic amenities available. Value-add renovation While the property presents an opportunity for renovation, its current valuation of €279,000 is far above the fair value of €166,929, making it an expensive undertaking. Investors should be cautious, as the local economic context and low tenant quality may not support a profitable renovation strategy. Not ideal for This property is not suitable for entering the luxury market due to its rural location and lack of high-end features. Furthermore, the listing is also inappropriate for short-term vacation rentals and student housing, given the current amenities and the local economic activity.
Economic and Tenant Instability The property faces a risk of financial instability given the low economic stability score of 45/100 and a tenant stability score of 50/100, which indicate a shaky economic environment and potential turnover challenges.
