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 112 m², energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Feature: This apartment boasts excellent balconies with unobstructed views, enhancing outdoor living and providing exceptional solar exposure, ideal for relaxation or al fresco dining.
The valuation. The asking price of €295,000 sits significantly below the fair value of €354,667, representing a discount of €59,667, or 16.8%. This positions the property as an attractive opportunity in the current market.
Fair value modelled at €354,667 from 6 comparable sales in the area. Asking €295,000 sits €59,667 (16.8%) below — the upside to fair value.
Asking €295,000 versus the Palmela, Palmela, Setúbal area baseline of €314,010 (€2,804/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €314,010, adjusted for condition and micro-location, gives a modelled fair value of €354,667 (€3,167/m²), a €59,667 (16.8%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 468154 | Subject | €295,000 | €2,634 | — | 71 | 44 |
| Palmela · be9687 | Active | €275,000 | €2,778 | 5.5% | 72 | 46 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 10.7% | 74 | 49 |
| Palmela · 9387e9 | Active | €269,000 | €3,363 | 27.7% | 72 | 45 |
| Palmela · 49b819 | Active | €439,000 | €3,430 | 30.2% | 78 | 46 |
| Median comp | €272,000 | €3,139 | 19.2% | 73 | 46 |
Value-add renovation This property offers a solid opportunity for value-add renovation given its fair value of €354,667 compared to the listing price of €295,000, representing a 16.8% gap. Improving the overall condition of the apartment can attract tenants and significantly enhance rental income over time. Family rental The 112m² layout is conducive for a family rental strategy, especially in a rural setting like Palmela where space and comfort are prioritized. Although the neighborhood scores 44/100, this property can still cater to families seeking tranquility away from urban disturbances. Not ideal for short-term vacation rental Due to the rural characteristics of Palmela and the neighborhood score of 44/100, the property is not suited for short-term vacation rental strategies that require high foot traffic. Low demand for such rentals in agricultural regions limits potential profitability. Not ideal for student housing The property is not an ideal candidate for student housing given the low neighborhood rating of 44/100 and limited local amenities. This demographic typically seeks locations with vibrant social and educational environments, which this rural property lacks. Not ideal for luxury market The apartment's rural location and average neighborhood score do not align with the expectations of the luxury market. High-end clients typically seek urban settings with extensive amenities, making this property less appealing for that segment.
Economic Weakness Risk The property faces a substantial risk due to a low economic stability score of 35/100, indicating potential challenges in market conditions that could affect long-term value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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