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 105 m², energy rating C. Located on rua Joao de Deus, 2, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Feature: The apartment's large 24 m² storage room offers exceptional versatility, ideal for stowing away sports gear or creating a small studio space, enhancing everyday convenience.
The valuation. The asking price of €294,000 sits significantly above the fair value of €177,197, resulting in an excessive premium of €116,803 (39.7%). Thus, this property is deemed overpriced.
Fair value modelled at €177,197 from the area baseline, adjusted for condition and location. Asking €294,000 sits €116,803 (39.7%) above — overpriced versus fair value.
Asking €294,000 versus the rua Joao de Deus, 2 area baseline of €256,725 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 82 · Materials 87 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 46/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
rua Joao de Deus, 2
Area baseline €256,725 + condition +€13,125 + location -€2,668 = modelled fair value of €177,197 (€1,688/m²), a €116,803 (39.7%) gap versus the €294,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joao de Deus, 2 | Subject | €294,000 | €2,800 | — | 82 | 46 |
| Pinhal Novo · 0dcc2e | Active | €315,000 | €2,864 | 2.3% | 75 | 54 |
| Pinhal Novo · 1e6356 | Active | €295,000 | €3,172 | 13.3% | 75 | 45 |
| Pinhal Novo · 1e644e | Active | €340,000 | €2,720 | 2.9% | 75 | 52 |
| Pinhal Novo · dee64a | Active | €341,500 | €3,595 | 28.4% | 74 | 58 |
| Median comp | €327,500 | €3,018 | 7.8% | 75 | 53 |
Value-add renovation The property is priced at €294,000, which is 39.7% above its fair value of €177,197, making it a poor candidate for value-add renovation in its current state. With an opportunity to enhance the condition rating from 83/100, any potential renovations may not justify the high entry price. Long-term rental Although the gross yield of 4.1% suggests potential for stable income, the current listing price of €294,000 exceeds fair value significantly, signaling that long-term rental may not deliver the expected returns. The neighbourhood's quality rating of 46/100 further complicates its attractiveness as a long-term rental investment. Family rental In seeking to position the property as a family rental, the pricing at €294,000 proves excessive when benchmarked against its fair value of €177,197. The surrounding area’s rural characteristics and economic limitations suggest that family-oriented tenants may find better options elsewhere given the premium being charged for this unit.
High Rental Default Risk The low Economic stability score of 35/100 combined with a Tenant stability score of 50/100 indicates a higher likelihood of rental payment defaults.
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