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 duplex of 172 m², built in 2003, energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. Property Features: This duplex boasts stunning views of Palmela Castle from both balconies and offers immediate access to public transport, enhancing convenience for daily commuting.
The valuation. The asking price of €345,000 is significantly above the fair value of €272,797, representing an overvaluation of €72,203 (20.9%). Given this discrepancy, investors should exercise caution before proceeding. Buy-to-flip angle. For investors looking to flip, the current pricing strategy may not yield significant returns given the overvaluation and the rural location. A comprehensive market analysis is essential to identify an optimal resale price. Buy-to-let angle. With a gross yield of 0% and no projected rental income, this property does not support a viable buy-to-let strategy. Potential tenants may be scarce due to the area’s limited economic drivers and mixed neighborhood rating.
Fair value modelled at €272,797 from the area baseline, adjusted for condition and location. Asking €345,000 sits €72,203 (20.9%) above — overpriced versus fair value.
Asking €345,000 versus the Palmela, Palmela, Setúbal area baseline of €391,988 (€2,279/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 46/100 (Housing Market 40 · Amenities 35 · Economic 40 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
Palmela, Palmela, Setúbal
Area baseline €391,988 + condition +€4,031 + location -€4,370 = modelled fair value of €272,797 (€1,586/m²), a €72,203 (20.9%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 23f2f0 | Subject | €345,000 | €2,006 | — | 74 | 46 |
| Palmela · 001bc1 | Active | €350,000 | €1,872 | 6.7% | — | 45 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 11.9% | 74 | 48 |
| avenida dos Descobrimentos, 46 | Active | €395,000 | €2,423 | 20.8% | 72 | 49 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 18.3% | 75 | 45 |
| Median comp | €354,500 | €2,309 | 15.1% | 74 | 47 |
Long-term rental The property offers a gross yield of 0%, indicating that it may not generate reliable rental income for investors. Given its condition rating of 77/100 and the relatively low neighborhood score of 46/100, this asset is positioned unfavorably for long-term rental strategy, reinforcing its overpriced status. Family rental While the property features three bedrooms potentially suitable for family living, it is priced 20.9% above fair value at €345,000. The surrounding neighborhood's low rating of 46/100 suggests limited appeal for families, making this investment strategy less attractive, especially in an overpriced market. Buy-and-hold Acquiring this property as a buy-and-hold investment carries significant risk due to its overvaluation and lack of income generation. The local economy’s reliance on agriculture and the property’s condition rating do not support long-term appreciation, further indicating it is overpriced in the current market.
Economic Volatility Risk The economic stability score of 40/100 indicates a high likelihood of fluctuations in local economic conditions that could adversely affect rental income and property value.
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