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, 0-bathroom apartment of 120 m², energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment offers an advanced central vacuum system and video intercom, enhancing convenience and security for residents.
The valuation. The asking price of €377,900 is significantly above the fair value of €191,498, representing an overvaluation of €186,403 or 49.3%. This property is overpriced in the current market conditions.
Fair value modelled at €191,498 from the area baseline, adjusted for condition and location. Asking €377,900 sits €186,403 (49.3%) above — overpriced versus fair value.
Asking €377,900 versus the Pinhal Novo, Palmela, Setúbal area baseline of €190,560 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 50/100 (Housing Market 40 · Amenities 50 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €190,560 + condition +€938 + location +€0 = modelled fair value of €191,498 (€1,596/m²), a €186,403 (49.3%) gap versus the €377,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6fb925 | Subject | €377,900 | €3,149 | — | 74 | 50 |
| rua Humberto Delgado | Active | €235,000 | €2,765 | 12.2% | 75 | 51 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 8.3% | 70 | 49 |
| Pinhal Novo · 6d54b8 | Active | €299,500 | €2,995 | 4.9% | 74 | 51 |
| Pinhal Novo · 90da10 | Active | €329,000 | €2,788 | 11.5% | 73 | 51 |
| Median comp | €279,750 | €2,839 | 9.9% | 74 | 51 |
Long-term rental The property in Pinhal Novo, Palmela is overpriced by 49.3%, making it a poor candidate for long-term rental investments, especially given its low yield of 2.8%. Additionally, the neighborhood's rating of 50/100 suggests potential tenant quality and market demand could be subpar. Buy-and-hold Investing in this 3-bed apartment as a buy-and-hold strategy is less attractive due to its 49.3% gap from fair value, indicating that purchasers would be acquiring the asset at inflated prices. Moreover, with an overall property condition rating of 76/100 and a mediocre neighborhood score, future appreciation may be limited under current market conditions.
Low Economic Resilience: With an economic stability score of 45/100, the property may face challenges if local economic conditions worsen, potentially leading to increased vacancy rates and reduced rental income.
