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 108 m², built in 2024, energy rating A+. Located on praceta do Limpador de Máquinas, 26, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment offers exceptional access to local amenities, with public transport and essential services just minutes away, ensuring a convenient lifestyle for residents.
The valuation. The asking price of €380,000 is significantly above the fair value of €273,580, representing a premium of €106,420 (38.9%). This valuation suggests that the property is overpriced.
Fair value modelled at €273,580 from 6 comparable sales in the area. Asking €380,000 sits €106,420 (38.9%) above — overpriced versus fair value.
Asking €380,000 versus the praceta do Limpador de Máquinas, 26 area baseline of €240,354 (€2,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €240,354, adjusted for condition and micro-location, gives a modelled fair value of €273,580 (€2,533/m²), a €106,420 (38.9%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta do Limpador de Máquinas, 26 | Subject | €380,000 | €3,519 | — | 75 | 58 |
| rua do Fogueiro S / N | Active | €455,000 | €2,395 | 31.9% | 85 | 52 |
| praceta do Chefe de Lanço, 98 | Active | €360,000 | €2,449 | 30.4% | 72 | 44 |
| Pinhal Novo · 6a9481 | Active | €254,500 | €3,535 | 0.5% | 68 | 48 |
| rua Raul Brandao | Active | €235,000 | €2,582 | 26.6% | 70 | 47 |
| Median comp | €307,250 | €2,516 | 28.5% | 71 | 48 |
Long-term rental The property currently has a gross yield of 2.8%, which indicates a challenging return on investment relative to market expectations. Given the fair value of €273,580, the listing price of €380,000 creates a significant discrepancy that could deter potential tenants in the long term. Value-add renovation Investing in renovations could enhance the property's appeal and potentially justify a higher rental yield; however, the initial investment must be considered against the high listing price. The current condition score of 77/100 suggests there's room for improvement, but the property remains overpriced based on its fair value. Family rental While the property could attract families due to its size, the overpriced nature of the listing at €380,000 may limit its attractiveness to budget-conscious renters. With a neighborhood score of just 58/100, families might prefer alternatives that offer better amenities or value for money.
Economic downturn risk The economic stability score of 50/100 indicates a risk of economic downturns that could lead to decreased demand for rental properties and reduced income stability for tenants, negatively impacting 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
