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, 3-bathroom apartment of 166 m², built in 2004, energy rating E. Located on rua de São Filipe, 12B, Palmela parish, Palmela municipality, Setúbal district. This property features a generous outside storage room, enhancing convenience, and offers two dedicated parking spots, a rarity in urban Palmela settings.
The valuation. The asking price of €349,000 sits significantly above the fair value of €261,257, indicating an overpriced position at €87,743 (25.1%). Potential investors should be cautious as the pricing does not reflect market conditions.
Fair value modelled at €261,257 from the area baseline, adjusted for condition and location. Asking €349,000 sits €87,743 (25.1%) above — overpriced versus fair value.
Asking €349,000 versus the rua de São Filipe, 12B area baseline of €407,364 (€2,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 80 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 49/100 (Housing Market 40 · Amenities 50 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
rua de São Filipe, 12B
Area baseline €407,364 + condition -€1,297 + location -€1,054 = modelled fair value of €261,257 (€1,574/m²), a €87,743 (25.1%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de São Filipe, 12B | Subject | €349,000 | €2,102 | — | 72 | 49 |
| rua de São Filipe, 11 | Active | €383,000 | €2,307 | 9.7% | 70 | 48 |
| rua de São Filipe, 11 | Active | €365,000 | €2,199 | 4.6% | 76 | 49 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 6.7% | 74 | 48 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 12.9% | 75 | 45 |
| Median comp | €362,000 | €2,276 | 8.2% | 75 | 48 |
Long-term rental The property is currently listed at €349,000, which is 25.1% above its fair value of €261,257, signaling that it is overpriced for long-term rental potential. With a gross yield of only 4% and a neighbourhood rating of 49, the long-term rental market may not provide sufficient returns. Family rental Although appealing to families, the current listing price of €349,000, which exceeds the fair value by 25.1%, suggests that the investment is overpriced. The apartment’s condition rating of 75/100 may attract families, but with the neighbourhood rating of 49, this limits the overall desirability for family rentals.
Low Economic Stability Risk With an economic stability score of 35/100, the potential for economic downturns could impact tenant retention and rental income negatively.
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