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 140 m² on the 12th floor, built in 1988, energy rating F. Located Palmela parish, Palmela municipality, Setúbal district. This property features a fully prepared attic for conversion, enabling expansion into four bedrooms while enjoying panoramic landscape views from a high, sheltered location.
The valuation. The asking price of €390,000 sits €68,030 (14.9%) below the fair value of €458,030, indicating that this property is underpriced and presents a strong opportunity for investment. Buy-to-flip angle. The buy-to-flip strategy could capitalize on the attractive asking price, aiming to renovate and quickly resell to take advantage of the equity gained from the perceived undervaluation. Buy-to-let angle. With an estimated monthly rental income of €1,072, the gross yield of 3.3% represents a steady return on investment, making it a suitable choice for long-term rental in a mixed neighborhood.
Fair value modelled at €458,030 from 6 comparable sales in the area. Asking €390,000 sits €68,030 (14.9%) below — the upside to fair value.
Asking €390,000 versus the Palmela, Palmela, Setúbal area baseline of €397,293 (€2,838/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €397,293, adjusted for condition and micro-location, gives a modelled fair value of €458,030 (€3,272/m²), a €68,030 (14.9%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 4680c4 | Subject | €390,000 | €2,786 | — | 85 | 45 |
| rua Augusto Cardoso | Active | €390,000 | €5,200 | 86.7% | 80 | 45 |
| Palmela · 93852d | Active | €260,000 | €3,377 | 21.2% | 74 | 48 |
| rua Lucio Borges da Costa | Active | €245,000 | €2,450 | 12.1% | 74 | 58 |
| rua Augusto Cardoso | Active | €290,000 | €4,603 | 65.2% | 90 | 48 |
| Median comp | €275,000 | €3,990 | 43.2% | 77 | 48 |
Long-term rental The property in Palmela is listed at €390,000, representing a 14.9% gap below its fair value of €458,030, indicating a favorable investment opportunity. With a gross yield of 3.3%, this option offers steady rental income potential in a largely rural and low-crime area. Buy-and-hold Acquiring this 2-bed apartment at the current listing price allows for long-term capital appreciation, especially since it is subvalued relative to its fair market price. Given the steady demand for housing in the region, holding onto this asset could yield significant returns over time despite the rural context. Not ideal for The property is not suitable for the luxury market due to its basic amenities and lower neighborhood rating of 45/100. Additionally, short-term rental and student housing strategies may not be viable, as the educational opportunities in the area are limited and the environment is primarily rural.
Low Economic Resilience With an economic stability score of 35/100, the property may face significant financial instability challenges that could affect long-term performance and tenant demand.
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