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 89 m² on the 3rd floor, built in 1988, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes a cozy balcony off the main bedroom and split air conditioning to enhance comfort throughout the open living area.
The valuation. The asking price of €240,000 is slightly below the fair value of €254,008, indicating the property is fairly priced at €14,008, or 5.5% under its market worth. Buy-to-flip angle. A buy-to-flip strategy would focus on enhancing the standard finishes and fixtures to improve appeal, potentially attracting higher resale values after moderate renovations. Buy-to-let angle. With an estimated rental income of €740 per month, the property offers a gross yield of 3.7%, making it a suitable option for long-term family rentals in the area.
Fair value modelled at €254,008 from 6 comparable sales in the area. Asking €240,000 sits €14,008 (5.5%) below — the upside to fair value.
Asking €240,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €232,182 (€2,609/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 is below the parish average, reducing 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 €232,182, adjusted for condition and micro-location, gives a modelled fair value of €254,008 (€2,854/m²), a €14,008 (5.5%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 8ee6da | Subject | €240,000 | €2,697 | — | 62 | 46 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 7.1% | 70 | 49 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 2.7% | 70 | 53 |
| Pinhal Novo · 65a865 | Active | €265,000 | €3,313 | 22.8% | 65 | 47 |
| Pinhal Novo · 4bc6a3 | Active | €280,000 | €3,111 | 15.4% | 65 | 48 |
| Median comp | €265,000 | €3,000 | 11.3% | 68 | 49 |
Long-term rental The property presents a modest gross yield of 3.7%, which aligns with the expectations for the current market conditions in Pinhal Novo. Given its fair market value relative to the listing price, this investment is suitable for long-term rental, appealing to stable tenants in a rural area. Family rental With a condition rating of 65/100 and a fair value near the listing price, this 2-bed apartment can be an attractive option for families seeking affordable housing. However, the neighbourhood score of 46/100 suggests some challenges in terms of amenities and tenant quality that potential renters should consider. Not ideal for luxury market The apartment does not meet the standards typically expected in the luxury market, especially considering its condition and neighbourhood rating. This makes it an unsuitable investment for targeting high-end renters in Pinhal Novo. Not ideal for short-term vacation rental As a property in a rural area with a neighbourhood rating of 46/100, it lacks the attractions required for successful short-term vacation rentals. Consequently, it does not position itself well for this rental strategy. Not ideal for student housing The property is not well-suited for student housing due to its location in a rural area with limited nearby amenities and a low neighbourhood score. Investors should avoid this strategy as it is unlikely to attract the student demographic effectively.
Economic downturn risk With an economic stability score of 40/100, there is a significant risk that adverse economic conditions could impact rental income and property 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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