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 95 m², energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features expansive balconies ideal for entertaining, and is situated in a rapidly developing area, enhancing both lifestyle and investment potential.
The valuation. The asking price of €341,500 is significantly above the fair value of €156,430, representing an overpricing of €185,070 (54.2%). This property is not a viable investment relative to its current asking price.
Fair value modelled at €156,430 from the area baseline, adjusted for condition and location. Asking €341,500 sits €185,070 (54.2%) above — overpriced versus fair value.
Asking €341,500 versus the Pinhal Novo, Palmela, Setúbal area baseline of €244,435 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 77 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 50 · Amenities 55 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €244,435 + condition +€742 + location +€4,828 = modelled fair value of €156,430 (€1,647/m²), a €185,070 (54.2%) gap versus the €341,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · dee64a | Subject | €341,500 | €3,595 | — | 74 | 58 |
| Pinhal Novo · 1e644e | Active | €340,000 | €2,720 | 24.3% | 75 | 52 |
| Pinhal Novo · 1e6356 | Active | €295,000 | €3,172 | 11.8% | 75 | 45 |
| rua dos Combatentes da Grande Guerra S / N | Active | €295,000 | €3,172 | 11.8% | 74 | 49 |
| rua Manuel Verissimo da Silva, 5 | Active | €340,000 | €2,720 | 24.3% | 73 | 47 |
| Median comp | €317,500 | €2,946 | 18.0% | 75 | 48 |
Long-term rental The 3-bed apartment in Pinhal Novo is overpriced at €341,500, significantly higher than its fair value of €156,430, resulting in a gap of 54.2%. Given the current gross yield of 2.9%, this property may not deliver satisfactory returns for long-term rental investment. Family rental While the apartment offers ample space for families, its overpriced listing at €341,500 provides an unrealistic expectation compared to its fair value of €156,430. Additionally, the neighborhood score of 58/100 suggests that the area may not meet the demands of family tenants seeking quality amenities and schools.
Economic Downturn Risk: With an economic stability score of 55/100, there is a significant risk of economic downturn negatively impacting rental income and property value.
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