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 93 m², built in 1988. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This property includes a spacious entrance hall with a built-in wardrobe and a pantry for added organization, enhancing its functionality and appeal for families.
The valuation. The asking price of €285,000 is significantly above the fair value of €149,371, resulting in an overpriced property by €135,629 (47.6%). This discrepancy suggests a lack of justification for the current market demand versus actual value.
Fair value modelled at €149,371 from the area baseline, adjusted for condition and location. Asking €285,000 sits €135,629 (47.6%) above — overpriced versus fair value.
Asking €285,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €227,385 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 44/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €227,385 + condition +€5,231 + location -€3,544 = modelled fair value of €149,371 (€1,606/m²), a €135,629 (47.6%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6eba87 | Subject | €285,000 | €3,065 | — | 75 | 44 |
| Pinhal Novo · 9570bc | Active | €265,000 | €3,786 | 23.5% | 80 | 49 |
| Palmela · 0019d0 | Active | €250,000 | €2,941 | 4.0% | 74 | 58 |
| Pinhal Novo · 2620d3 | Active | €194,500 | €3,740 | 22.1% | 70 | 57 |
| Pinhal Novo · ba5a0b | Active | €265,000 | €2,366 | 22.8% | 70 | 48 |
| Median comp | €257,500 | €3,341 | 9.0% | 72 | 53 |
Long-term rental The property's gross yield of 3.2% indicates a lack of competitive returns for long-term rental investors, especially given its significant 47.6% price gap from the fair value of €149,371. Moreover, the low neighborhood score of 44/100 and limited employment opportunities suggest challenges in attracting quality tenants over time. Family rental With a fair value of €149,371 compared to the listing price of €285,000, the property presents a 47.6% gap, making it a less attractive option for families seeking economical housing. Additionally, the community's agricultural character and the low amenities score may deter family tenants looking for convenient access to services and opportunities. Not ideal for Given the significant price overvaluation and low neighborhood ratings, this property is not suitable for student housing or the luxury market, which typically require better access to employment and amenities. The 79/100 condition rating may not offset the potential challenges in these segments, further limiting the property's appeal.
High Economic Risk With an economic stability score of 35/100, there is a significant risk associated with the property, indicating potential volatility and instability in the market that may affect returns.
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