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, 2-bathroom apartment of 75 m², energy rating F. Located on rua Augusto Cardoso, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Feature: The property includes a sizable attic of approximately 75 m², already outfitted with a bathroom, providing extensive potential for expansion or additional living space.
The valuation. The asking price of €390,000 stands significantly above the fair value of €125,507, creating a discrepancy of €264,493 (67.8%). This property is therefore considered overpriced.
Fair value modelled at €125,507 from the area baseline, adjusted for condition and location. Asking €390,000 sits €264,493 (67.8%) above — overpriced versus fair value.
Asking €390,000 versus the rua Augusto Cardoso area baseline of €170,925 (€2,279/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 45/100 (Housing Market 40 · Amenities 50 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
rua Augusto Cardoso
Area baseline €170,925 + condition +€8,789 + location -€2,382 = modelled fair value of €125,507 (€1,673/m²), a €264,493 (67.8%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Augusto Cardoso | Subject | €390,000 | €5,200 | — | 80 | 45 |
| Palmela · 93852d | Active | €260,000 | €3,377 | 35.1% | 74 | 48 |
| rua Lucio Borges da Costa | Active | €245,000 | €2,450 | 52.9% | 74 | 58 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 43.9% | 74 | 49 |
| Palmela · 4d43b5 | Active | €228,000 | €3,167 | 39.1% | 70 | 46 |
| Median comp | €242,000 | €3,041 | 41.5% | 74 | 49 |
Long-term rental Given the gross yield of 2.2%, this property offers limited income potential, especially when compared to its considerable gap of 67.8% from fair value. The neighborhood's low score of 45/100 suggests a lack of tenant quality and amenities, making it a less than ideal choice for stable long-term rental investments. Buy-and-hold The high gap from fair value at 67.8% indicates that the property is overpriced, which would likely hinder any potential appreciation in value over time. Coupled with its low neighborhood rating, this strategy may not yield the desired returns in the long run. Value-add renovation While renovation typically enhances property value, the current listing price significantly exceeds fair value by 67.8%, pointing to an overvaluation of the asset. Additionally, the neighborhood’s lack of amenities and the low tenant score raise concerns about the feasibility of increasing rental income or resale value through improvements.
Economic and Tenant Instability With an economic stability score of 35/100 and a tenant stability score of 50/100, there is a significant risk of fluctuating rental income and potential vacancy due to unstable economic conditions and tenant turnover.
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