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 on the 1st floor, energy rating D. Located on rua Capitães de Abril, 24B, Pinhal Novo parish, Palmela municipality, Setúbal district. Storage: Exclusive closet with clever organization features enhances usability and space efficiency for modern living, catering to those needing additional storage solutions.
The valuation. The asking price of €240,000 exceeds the fair value of €102,803 by €137,197, indicating that the property is overpriced by 57.2%. This discrepancy suggests potential buyers should exercise caution in their investment decisions.
Fair value modelled at €102,803 from the area baseline, adjusted for condition and location. Asking €240,000 sits €137,197 (57.2%) above — overpriced versus fair value.
Asking €240,000 versus the rua Capitães de Abril, 24B area baseline of €183,375 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 58 · Materials 70 · Room dimensions 64). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 49/100 (Housing Market 52 · Amenities 48 · Economic 55 · Tenant Quality 42). Softer demand indicators apply a discount to baseline.
rua Capitães de Abril, 24B
Area baseline €183,375 + condition -€15,820 + location -€476 = modelled fair value of €102,803 (€1,371/m²), a €137,197 (57.2%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Capitães de Abril, 24B | Subject | €240,000 | €3,200 | — | 58 | 49 |
| rua Dom Francisco de Almeida | Active | €311,000 | €2,613 | 18.3% | 63 | 49 |
| Pinhal Novo · 7356a2 | Active | €245,000 | €3,403 | 6.3% | 65 | 48 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 18.0% | 70 | 53 |
| Pinhal Novo · 4bc6a3 | Active | €280,000 | €3,111 | 2.8% | 65 | 48 |
| Median comp | €272,500 | €2,868 | 10.4% | 65 | 49 |
Long-term rental This property in Pinhal Novo is overpriced at €240,000, with a significant gap of 57.2% from its fair value of €102,803. With a gross yield of only 3.7% and a neighborhood rating of 49/100, it presents limited potential for strong long-term rental performance. Buy-and-hold At a listing price of €240,000, the property does not represent a sound buy-and-hold investment given its fair value assessment of €102,803. The 62/100 condition rating and the semi-rural location suggest that appreciation may not justify the current high price, making this a risky choice for long-term holding.
Tenant turnover risk High tenant instability with a Tenant stability score of 42/100 may lead to increased vacancy rates and higher costs associated with tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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