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, 1-bathroom apartment of 90 m², energy rating E. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes a cozy fireplace in the living room and oak cabinets in the kitchen, emphasizing quality and warmth in its design.
The valuation. The asking price of €284,000 significantly exceeds the fair value of €144,317, representing a premium of €139,683 (49.2%). This property is overpriced and does not reflect a sound investment opportunity based on its market value.
Fair value modelled at €144,317 from the area baseline, adjusted for condition and location. Asking €284,000 sits €139,683 (49.2%) above — overpriced versus fair value.
Asking €284,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €220,050 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 70 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 49/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €220,050 + condition +€1,969 + location -€572 = modelled fair value of €144,317 (€1,604/m²), a €139,683 (49.2%) gap versus the €284,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · be94b2 | Subject | €284,000 | €3,156 | — | 70 | 49 |
| rua do Monte Novo, 25 | Active | €250,000 | €2,747 | 12.9% | 70 | 51 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 15.0% | 75 | 49 |
| rua Dom Sancho I S / N | Active | €259,000 | €3,597 | 14.0% | 78 | 50 |
| Palmela · 0019d0 | Active | €250,000 | €2,941 | 6.8% | 74 | 58 |
| Median comp | €254,500 | €2,844 | 9.9% | 75 | 51 |
Long-term rental This property is overpriced, with a fair value of €144,317 compared to the listing price of €284,000, indicating a significant gap of 49.2%. The low yield of 3.3% coupled with the rural location and limited access to urban amenities suggests long-term rental could struggle to attract quality tenants and achieve consistent rental returns. Buy-and-hold Given the substantial discrepancy between the listing price and fair value, this 2-bed apartment represents a poor buy-and-hold investment option, particularly in a rural setting with limited economic growth. The neighborhood's low amenities score of 49/100 further emphasizes the challenges of holding onto this asset for the long term, as appreciation potential appears limited. Not ideal for short-term rental The property is not suitable for short-term rental due to its overpriced nature and the rural context, which lacks the attractions and amenities typically sought by short-term tenants. With less demand driven by tourism and a lower quality of tenant options, short-term rental strategies are unlikely to yield favorable returns. Not ideal for luxury market Given the fair value assessment and neighborhood ratings, this property does not align with luxury market expectations and is instead overpriced. The agricultural focus of the area, coupled with limited urban amenities, means it will struggle to attract high-end buyers or tenants in the luxury segment.
Economic Vulnerability The economic stability score of 35/100 indicates a high risk of economic fluctuations that could adversely affect property values and rental income.
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