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, 2-bathroom apartment of 72 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment is equipped with exclusive closet space and tilt-and-turn triple-glazed windows, enhancing both organization and energy efficiency through superior insulation.
The valuation. The asking price of €245,000 is significantly above the fair value of €99,359, reflecting an overpriced status with a discrepancy of €145,641 (59.4%). This price does not represent a sound investment opportunity based on current valuation metrics. Buy-to-flip angle. Given its above-average condition and modern finishes, the strategy for resale could focus on a quick update of appliances to enhance aesthetic value, potentially fetching a higher resale price post-renovation. Buy-to-let angle. The property could generate an estimated rental income of €715 per month, yielding approximately 3.5%. While this return is modest, long-term appreciation may be possible through strategic value-add renovations and location-based improvements.
Fair value modelled at €99,359 from the area baseline, adjusted for condition and location. Asking €245,000 sits €145,641 (59.4%) above — overpriced versus fair value.
Asking €245,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €185,256 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 50 · Amenities 40 · Economic 45 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €185,256 + condition -€14,063 + location -€915 = modelled fair value of €99,359 (€1,380/m²), a €145,641 (59.4%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 7356a2 | Subject | €245,000 | €3,403 | — | 65 | 48 |
| Pinhal Novo · 4bc6a3 | Active | €280,000 | €3,111 | 8.6% | 65 | 48 |
| rua Salgueiro Maia, 1 | Active | €330,000 | €3,000 | 11.8% | 70 | 51 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 17.2% | — | 55 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 22.9% | 70 | 53 |
| Median comp | €272,500 | €2,910 | 14.5% | 70 | 52 |
Long-term rental The 2-bed apartment in Pinhal Novo is overpriced with a listing price of €245,000 compared to a fair value of €99,359, indicating a significant gap of 59.4%. With a gross yield of only 3.5% and a neighbourhood score of 48/100, it may not attract reliable long-term tenants. Value-add renovation Investing in renovations may not justify the current asking price of €245,000 for this apartment, given its fair value of €99,359. The apartment's condition score of 63/100 suggests potential for improvement, but the overall market environment appears to limit profitable returns. Not ideal for luxury market The premium pricing of this property does not correspond with its fair value, making it unsuitable for the luxury market. This segment typically demands both quality and a strong market position, neither of which this property currently offers. Not ideal for student housing The property’s pricing and the modest neighbourhood appeal make it less suitable for student housing, where affordability is key. Given the market dynamics, students are unlikely to find this apartment attractive or financially feasible.
Economic Volatility Risk With an economic stability score of 45/100, the area may face fluctuations that could impact rental income and property value negatively.
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