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.
2-bedroom, 1-bathroom house of 75 m², built in 1960, energy rating F. Located on rua Vasco da Gama, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The property features an extensive, private backyard that allows for various outdoor enhancements, providing an ideal setting for leisure and gardening activities.
The valuation. The asking price of €330,000 is significantly above the fair value of €92,662, representing an overvaluation of €237,338 (71.9%). Investors should be cautious, as this property is overpriced for its current condition and location. Buy-to-flip angle. Given the current state of the property and high asking price, the potential for profitable resale appears limited. A buy-and-flip approach would likely necessitate substantial renovations to justify a higher market price. Buy-to-let angle. The projected gross yield of 3.1% (approximately €852/month) suggests a modest return on rental investment. However, the peripheral location may hinder consistent demand, limiting long-term rental profitability.
Fair value modelled at €92,662 from the area baseline, adjusted for condition and location. Asking €330,000 sits €237,338 (71.9%) above — overpriced versus fair value.
Asking €330,000 versus the rua Vasco da Gama area baseline of €183,375 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 50/100 (Condition 52 · Materials 55 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 56/100 (Housing Market 50 · Amenities 50 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Vasco da Gama
Area baseline €183,375 + condition -€29,297 + location +€2,858 = modelled fair value of €92,662 (€1,235/m²), a €237,338 (71.9%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama | Subject | €330,000 | €4,400 | — | 52 | 56 |
| rua Vasco da Gama, 13 | Active | €195,000 | €3,824 | 13.1% | 28 | 51 |
| Pinhal Novo · 93728c | Active | €349,500 | €4,854 | 10.3% | 68 | 55 |
| rua da Alfazema, 61 | Active | €180,000 | €1,800 | 59.1% | — | 53 |
| Pinhal Novo · 4d47d5 | Active | €930,000 | €11,481 | 160.9% | — | 47 |
| Median comp | €272,250 | €4,339 | 1.4% | 48 | 52 |
Long-term rental The property in Pinhal Novo is overpriced at €330,000 compared to a fair value of only €92,662, creating a significant gap of 71.9%. With a gross yield of 3.1% and a neighborhood rating of 56/100, the long-term rental strategy is unlikely to yield satisfactory returns given the elevated purchase price. Buy-and-hold Acquiring the property as a buy-and-hold investment is not advisable, as its current pricing signifies it is overpriced relative to its fair value of €92,662. The moderate economic activity in the area combined with a housing condition score of 50/100 suggests limited price appreciation potential in the long term, compromising investment viability.
Economic Sensitivity Risk: With an economic stability score of 55/100, this property is highly susceptible to market fluctuations that could impact tenant demand and 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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