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.
3-bedroom, 2-bathroom apartment of 104 m², built in 1989, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The property includes a pantry and a spacious entrance hall, enhancing storage options and the overall flow of the living spaces.
The valuation. The asking price of €315,000 is significantly above the fair value of €238,554, representing an overpricing of €76,446 (32.0%). This discrepancy suggests that potential investors should approach with caution.
Fair value modelled at €238,554 from 6 comparable sales in the area. Asking €315,000 sits €76,446 (32.0%) above — overpriced versus fair value.
Asking €315,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €234,153 (€2,251/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 €234,153, adjusted for condition and micro-location, gives a modelled fair value of €238,554 (€2,294/m²), a €76,446 (32.0%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 4a428a | Subject | €315,000 | €3,029 | — | 68 | 48 |
| rua Dom Francisco de Almeida, 23 | Active | €311,000 | €2,613 | 13.7% | 65 | 47 |
| urbanização Vila S | Active | €406,000 | €1,742 | 42.5% | 70 | 52 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 25.1% | 60 | 56 |
| avenida Alexandre Herculano, 12 | Active | €290,000 | €2,014 | 33.5% | 75 | 50 |
| Median comp | €300,500 | €2,141 | 29.3% | 68 | 51 |
Long-term rental The property is overpriced compared to its fair value, indicating limited potential for long-term rental profitability with a gross yield of only 3.5%. Additionally, the average neighborhood attractiveness rating of 48 suggests challenges in tenant quality that may deter prospective renters. Buy-and-hold Holding this property is not advisable, as its pricing reflects a significant 32.0% gap from fair value, which reduces the potential for capital appreciation. The local economic reliance on agriculture and tourism combined with a neighborhood score of 65/100 raises concerns about sustaining growth over time.
Economic and Tenant Instability Risk A low economic stability score of 50/100 combined with a tenant stability score of 55/100 indicates a heightened risk of rental income fluctuation and potential vacancy issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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