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 208 m² on the 2nd floor, built in 2012, energy rating C. Located on avenida Natália Correia, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes a spacious living room with mosaic flooring and multiple balconies, enhancing outdoor accessibility and natural light throughout the unit.
The valuation. The asking price of €399,000 sits €27,981 (7.5%) above the fair value of €371,019, indicating it is priced appropriately. This suggests that while the property is not a steal, it remains reasonably valued in the current market.
Fair value modelled at €371,019 from 6 comparable sales in the area. Asking €399,000 sits €27,981 (7.5%) above — overpriced versus fair value.
Asking €399,000 versus the avenida Natália Correia area baseline of €347,630 (€1,671/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €347,630, adjusted for condition and micro-location, gives a modelled fair value of €371,019 (€1,784/m²), a €27,981 (7.5%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Natália Correia | Subject | €399,000 | €1,918 | — | 70 | 54 |
| rua Infante Dom Henrique S / N | Active | €365,000 | €1,825 | 4.9% | 72 | 50 |
| rua Francisco Caçoete Romão, 20 | Active | €275,000 | €2,500 | 30.3% | 72 | 48 |
| avenida Natália Correia, 198 | Active | €406,000 | €1,742 | 9.2% | 62 | 52 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 18.2% | 60 | 56 |
| Median comp | €322,000 | €2,047 | 6.7% | 67 | 51 |
Long-term rental This property offers a gross yield of 4.3%, which is acceptable in the current rental market. However, with a fair value of €371,019 and a listing price of €399,000, the 7.5% gap suggests it is fairly priced but not a remarkable opportunity for immediate cash flow improvement. Buy-and-hold Investing in this apartment could yield steady rental income but the property’s condition rating of 69/100 and a neighbourhood score of 54/100 indicate potential challenges in attracting high-quality tenants over the long term. As the property is priced at fair value, investors may want to assess the appreciation potential carefully before committing capital.
Economic vulnerability The economic stability score of 50/100 indicates a significant risk of economic downturns that could impact rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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