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.
5-bedroom, 3-bathroom house of 212 m², built in 2003, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. The property includes a utility room and extensive attic space, providing excellent storage options to maximize the living experience in this well-constructed home.
The valuation. The asking price of €745,000 is substantially higher than the fair value of €285,622, resulting in an excess of €459,378, or 61.7%. This property is deemed overpriced.
Fair value modelled at €285,622 from the area baseline, adjusted for condition and location. Asking €745,000 sits €459,378 (61.7%) above — overpriced versus fair value.
Asking €745,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €518,340 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 (Condition 65 · Materials 55 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 49/100 (Housing Market 50 · Amenities 40 · Economic 40 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €518,340 + condition -€49,688 + location -€1,347 = modelled fair value of €285,622 (€1,347/m²), a €459,378 (61.7%) gap versus the €745,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · be95dd | Subject | €745,000 | €3,514 | — | 65 | 49 |
| Palmela · 6d5545 | Active | €850,000 | €3,744 | 6.6% | — | 56 |
| Alhos Vedros · 911977 | Active | €600,000 | €2,667 | 24.1% | — | 79 |
| estrada da Serralheira | Active | €750,000 | €5,172 | 47.2% | 72 | 48 |
| Pinhal Novo · 9385c5 | Active | €1,050,000 | €4,375 | 24.5% | — | 54 |
| Median comp | €800,000 | €4,060 | 15.5% | 72 | 55 |
Buy-and-hold The 5-bed house in Pinhal Novo offers a gross yield of only 2%, indicating that it may not provide sufficient cash flow to justify the investment. Given its fair value of €285,622, the current listing price is significantly overpriced, making it a less attractive buy-and-hold opportunity. Value-add renovation While potential renovations could improve the property’s condition rating of 60/100, the cost of renovation may not yield returns that justify the existing price of €745,000. The significant gap from the fair value suggests that even after improvements, the property remains overpriced relative to its current market context. Long-term rental With a low gross yield of 2% and a neighborhood score of 49/100, the property is positioned in a rural area with limited amenities, indicating challenges in securing reliable long-term tenants. Coupled with its fair value metric, the property is overpriced and unlikely to generate stable rental income commensurate with the investment required. Not ideal for The current pricing significantly limits the appeal for short-term vacation rentals, as the rural setting and local economy may not attract sufficient tourist interest. Additionally, targeting the luxury market or student housing would likely be unsuccessful due to the property’s location and condition, compounding its overvaluation situation.
Economic Volatility Risk The economic stability score of 40/100 indicates a significant risk of fluctuating income and potential vacancy issues due to an unstable local economy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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