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 96 m², built in 2003, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes an individual attic of 26 m², perfect for storage or conversion opportunities, enhancing its functional appeal and potential utility.
The valuation. The asking price of €399,000 is significantly above the fair value of €268,025, equating to an overpricing of €130,975 (48.9%). This property is currently considered overpriced in the Pinhal Novo market.
Fair value modelled at €268,025 from 6 comparable sales in the area. Asking €399,000 sits €130,975 (48.9%) above — overpriced versus fair value.
Asking €399,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €250,251 (€2,607/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €250,251, adjusted for condition and micro-location, gives a modelled fair value of €268,025 (€2,792/m²), a €130,975 (48.9%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 1f36e3 | Subject | €399,000 | €4,156 | — | 74 | 53 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 30.5% | 70 | 49 |
| rua Humberto Delgado | Active | €235,000 | €2,765 | 33.5% | 75 | 51 |
| Palmela · b7c0e3 | Active | €260,000 | €2,737 | 34.2% | 75 | 44 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 32.2% | — | 55 |
| Median comp | €260,000 | €2,792 | 32.8% | 75 | 50 |
Long-term rental This 2-bed apartment in Pinhal Novo, Palmela is overpriced at €399,000, significantly exceeding the fair value of €268,025 by 48.9%. With a low gross yield of 2.4% and a neighborhood rating of only 53/100, its potential for attractive long-term rental returns is limited. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to its significant overvaluation relative to its fair value of €268,025. The combination of a 2.4% gross yield and a neighborhood condition score of 72/100 suggests that this asset may struggle to appreciate in value in the coming years. Family rental While the apartment could suit family tenants given its size, its current listing price of €399,000 is overly inflated compared to the fair value of €268,025. This, alongside the mediocre neighborhood rating of 53/100, may hinder its attractiveness for family rental purposes in the long term.
Economic and Tenant Instability Risk: With both economic stability and tenant stability scores at 45/100, there is a significant risk of fluctuating rental income and potential vacancy issues.
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