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.
1-bedroom, 1-bathroom apartment of 63 m², energy rating D. Located on rua Augusto Cardoso, Palmela parish, Palmela municipality, Setúbal district. This apartment's ground floor location provides seamless access to the vibrant streets of the Historic Center of Palmela, enhancing both convenience and lifestyle.
The valuation. The asking price of €290,000 exceeds the fair value of €107,119 by €182,881, indicating that the property is overpriced by 63.1%. This substantial discrepancy suggests limited potential for immediate investment returns.
Fair value modelled at €107,119 from the area baseline, adjusted for condition and location. Asking €290,000 sits €182,881 (63.1%) above — overpriced versus fair value.
Asking €290,000 versus the rua Augusto Cardoso area baseline of €143,577 (€2,279/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 (Condition 90 · Materials 85 · Room dimensions 84). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 48/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 45). Softer demand indicators apply a discount to baseline.
rua Augusto Cardoso
Area baseline €143,577 + condition +€7,875 + location -€800 = modelled fair value of €107,119 (€1,700/m²), a €182,881 (63.1%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Augusto Cardoso | Subject | €290,000 | €4,603 | — | 90 | 48 |
| Palmela · 93852d | Active | €260,000 | €3,377 | 26.6% | 74 | 48 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 36.7% | 74 | 49 |
| Palmela · 4d43b5 | Active | €228,000 | €3,167 | 31.2% | 70 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 956c80 | Active | €275,000 | €3,198 | 30.5% | 80 | 49 |
| Median comp | €249,500 | €3,183 | 30.9% | 74 | 49 |
Long-term rental The 1-bedroom apartment in Palmela, priced at €290,000, shows a significant gap of 63.1% from its fair value of €107,119, indicating that it is overpriced. With a gross yield of only 2.8%, this investment in a rural area with a moderately rated neighborhood is unlikely to provide strong returns. Value-add renovation Although the apartment is in good condition with a score of 87/100, its high asking price relative to fair value suggests that investors may not achieve a desirable return on renovation efforts. The below-average neighborhood rating of 48/100 further supports the notion that any value-add strategy may not create sufficient demand to justify the investment.
Economic Vulnerability The low economic stability score of 35/100 indicates a significant risk of fluctuating market conditions adversely affecting property value and rental income stability. Tenant Instability With a tenant stability score of 45/100, there is a heightened risk of turnover and potential vacancy, impacting cash flow reliability.
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