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.
3-bedroom, 2-bathroom apartment of 99 m² on the 4th floor, built in 1981, energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment offers a direct view of the iconic Castle of Palmela and is situated in a well-organized condominium with two functional elevators.
The valuation. The asking price of €275,000 is significantly above the fair value of €155,625, resulting in an inflated price of €119,375 (43.4%). As such, this property is considered overpriced.
Fair value modelled at €155,625 from the area baseline, adjusted for condition and location. Asking €275,000 sits €119,375 (43.4%) above — overpriced versus fair value.
Asking €275,000 versus the Palmela, Palmela, Setúbal area baseline of €225,621 (€2,279/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 46/100 (Housing Market 40 · Amenities 55 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Palmela, Palmela, Setúbal
Area baseline €225,621 + condition +€928 + location -€2,515 = modelled fair value of €155,625 (€1,572/m²), a €119,375 (43.4%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · be9687 | Subject | €275,000 | €2,778 | — | 72 | 46 |
| Palmela · 49b819 | Active | €439,000 | €3,430 | 23.5% | 78 | 46 |
| Palmela · 82c685 | Active | €275,000 | €2,835 | 2.1% | 62 | 43 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 14.5% | 75 | 45 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 19.2% | 74 | 48 |
| Median comp | €317,000 | €2,605 | 6.2% | 75 | 46 |
Long-term rental The property is priced at €275,000, significantly above its fair value of €155,625, leading to a 43.4% gap that diminishes potential long-term rental returns with a gross yield of only 3.7%. In addition, with a neighbourhood score of 46/100, indicating below-average tenant quality and limited amenities, the viability of securing consistent rental income is further at risk. Value-add renovation While the property’s condition rating is 76/100, suggesting some maintenance is required, the steep price of €275,000 compared to the fair value of €155,625 results in an unfavorable investment landscape for value-add renovations. The agricultural economy of the Alentejo region, impacting demand and local employment, adds further concern to the upside potential of increasing property value post-renovation.
High Tenant Turnover Risk The combined scores of Economic Stability (35/100) and Tenant Stability (50/100) indicate a potential for high tenant turnover, possibly affecting rental income consistency and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
