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.
1-bedroom, 1-bathroom apartment of 70 m², built in 1951, energy rating A+. Located on rua Augusto Cardoso, 16, Palmela parish, Palmela municipality, Setúbal district. This apartment features advanced smart home technology with energy-efficient LED lighting and a high-tech bathroom mirror with anti-fogging and integrated music system.
The valuation. The asking price of €290,000 is significantly above its fair value of €121,379, resulting in an overpricing of €168,621 (58.1%). This property does not present a viable investment opportunity.
Fair value modelled at €112,694 from the area baseline, adjusted for condition and location. Asking €290,000 sits €177,306 (61.1%) above — overpriced versus fair value.
Asking €290,000 versus the rua Augusto Cardoso, 16 area baseline of €111,160 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 35/100 (Housing Market 30 · Amenities 30 · Economic 30 · Tenant Quality 50). Softer demand indicators apply a discount to baseline. Full location report →
rua Augusto Cardoso, 16
Area baseline €111,160 + condition +€8,203 + location -€6,670 = modelled fair value of €112,694 (€1,610/m²), a €177,306 (61.1%) gap versus the €290,000 asking price.
Long-term rental The current listing price of €290,000 reflects a significant 58.1% gap from the fair value of €121,379, indicating that the property is overpriced. With a gross yield of only 3.1% in a rural Alentejo region that has modest amenities and low tenant quality, long-term rental potential appears limited and uncompetitive. Not ideal for This property is not suitable for short-term vacation rental as it is overpriced, making it difficult to achieve desirable returns given the rural setting and lower neighbourhood rating of 35/100. Additionally, the luxury market and student housing are unlikely fits, as the apartment's condition score of 83/100 does not align with the expectations for premium offerings.
Economic Vulnerability The property faces potential income instability due to a low economic stability score of 30/100, which suggests a weak economic environment affecting tenant demand and rental prices.
