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: This apartment includes exclusive triple glazing windows that enhance thermal efficiency and acoustic comfort, making it ideal for a tranquil urban living experience. Additional Benefit: The electric shutters provide added security and convenience for all windows.
The valuation. With an asking price of €245,000, this 2-bed apartment is €136,213 (55.6%) above its fair value of €108,787. Thus, the property is overpriced.
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 €114,336 (€1,588/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. Full condition report →
Neighbourhood score 48/100 (Housing Market 50 · Amenities 40 · Economic 45 · Tenant Quality 55). Softer demand indicators apply a discount to baseline. Full location report →
Pinhal Novo, Palmela, Setúbal
Area baseline €114,336 + 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.
Long-term rental The property located in Pinhal Novo, Palmela presents a gross yield of 3.5%, which is relatively low compared to market expectations. Given that the property is overpriced at €245,000, it may fail to attract tenants looking for value in a moderately rural area with a lower-than-average neighbourhood rating of 48/100. Value-add renovation With a condition score of 63/100, there is potential for improvement via renovations; however, the considerable gap between the listing price and fair value (55.6%) indicates that the initial financial outlay is high. Investing in renovations could enhance the living space, but the property remains overpriced and may not provide adequate returns in a neighbourhood that struggles with tenant quality. Not ideal for luxury market The property's characteristics and the current economic landscape suggest it does not align with the expectations of the luxury market, making it less attractive for high-end investors. The significant overpricing further complicates its appeal to buyers in the luxury segment, as they seek properties that align with their investment standards. Not ideal for student housing Given the demographic dynamics and the neighbourhood's overall lower rating, this property is less suited for the student housing market. Adding to the concern is the 55.6% gap from fair value, positioning it as a less attractive option for potential student renters who typically look for affordable and well-located accommodations.
Economic Vulnerability The economic stability score of 45/100 indicates a significant risk due to potential market fluctuations that could impact tenant demand and rental income.
