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, 2-bathroom apartment of 117 m², energy rating E. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features an expansive living room with a fireplace and dual balconies, enhancing both comfort and outdoor access.
The valuation. The asking price of €340,000 is €167,231 (49.2%) above the fair value of €172,769, indicating that the property is overpriced. This significant premium raises concerns about future investment viability and potential resale value.
Fair value modelled at €172,769 from the area baseline, adjusted for condition and location. Asking €340,000 sits €167,231 (49.2%) above — overpriced versus fair value.
Asking €340,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €185,796 (€1,588/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 70 · Materials 70 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 46/100 (Housing Market 35 · Amenities 50 · Economic 45 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €185,796 + condition -€10,055 + location -€2,973 = modelled fair value of €172,769 (€1,477/m²), a €167,231 (49.2%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6fbc18 | Subject | €340,000 | €2,906 | — | 70 | 46 |
| rua 7 Fevereiro | Active | €299,900 | €2,884 | 0.8% | 70 | 55 |
| rua Febo Moniz | Active | €245,000 | €2,722 | 6.3% | 70 | 48 |
| rua Salgueiro Maia, 1 | Active | €330,000 | €3,000 | 3.2% | 70 | 51 |
| Pinhal Novo · 0dcc2e | Active | €315,000 | €2,864 | 1.5% | 75 | 54 |
| Median comp | €307,450 | €2,874 | 1.1% | 70 | 53 |
Long-term rental This property at €340,000 is significantly overpriced compared to its fair value of €172,769, making it a risky choice for long-term rental investments with a limited yield of 3.1%. The neighborhood's low score of 46/100, combined with its agricultural surroundings and lack of amenities, suggests ongoing challenges in attracting quality tenants. Buy-and-hold Given the substantial gap of 49.2% from the fair value, this 3-bed apartment is an unsuitable buy-and-hold investment, especially with a gross yield of only 3.1%. The property's poor condition rating (70/100) and the car-dependent nature of the area further complicate its potential for appreciation. Not ideal for: Student housing, Luxury market The property’s lack of local educational infrastructure makes it unsuitable for student housing, while its agricultural location and high price point detract from its appeal in the luxury market.
Low Economic Conditions Risk The property is located in an area with an economic stability score of 45/100, indicating potential volatility that could impact tenant occupancy rates and rental income.
