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.
0-bedroom, 0-bathroom apartment of 112 m², built in 1988. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Feature: This 3rd-floor apartment offers an east-west solar orientation for optimal natural light throughout the day, complemented by a functional kitchen featuring a barbecue area.
The valuation. The asking price of €265,000 sits €101,692 (38.4%) above the fair value of €163,308, indicating the property is overpriced. This discrepancy suggests a limited potential for immediate equity growth in the current market.
Fair value modelled at €163,308 from the area baseline, adjusted for condition and location. Asking €265,000 sits €101,692 (38.4%) above — overpriced versus fair value.
Asking €265,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €273,840 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 40 · Economic 50 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €273,840 + condition -€13,125 + location -€1,423 = modelled fair value of €163,308 (€1,458/m²), a €101,692 (38.4%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · ba5a0b | Subject | €265,000 | €2,366 | — | 70 | 48 |
| Pinhal Novo · 9570bc | Active | €265,000 | €3,786 | 60.0% | 80 | 49 |
| Pinhal Novo · 2620d3 | Active | €194,500 | €3,740 | 58.1% | 70 | 57 |
| rua dos Combatentes da Grande Guerra, 4 | Active | €269,000 | €2,102 | 11.2% | 72 | 44 |
| rua Mário Viegas | Active | €270,000 | €3,000 | 26.8% | 70 | 50 |
| Median comp | €267,000 | €3,370 | 42.4% | 71 | 50 |
Long-term rental The current listing price of €265,000 significantly exceeds the fair value of €163,308, indicating that the investment is overpriced by 38.4%. With a gross yield of only 3.9% and a modest neighborhood rating of 48/100, the long-term rental strategy may not provide satisfactory returns. Family rental At a listing price of €265,000, this property is well over its fair value of €163,308, marking a 38.4% premium that suggests it is overpriced. The condition score of 68/100 and the area’s limited amenities further diminish its attractiveness for family rentals in this rural and semi-industrial context.
Potential tenant turnover risk: With both economic and tenant stability scores at a low 50/100, there is a significant risk of high tenant turnover, which can lead to increased vacancies and loss of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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