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 134 m² on the 2nd floor, built in 2000, energy rating C. Located on rua Gil Eanes, 6, Quinta do Anjo parish, Palmela municipality, Setúbal district. Noteworthy Feature: The apartment boasts large double-glazed windows providing unobstructed views towards the Serra da Arrábida, enhancing its brightness and connection to the surrounding nature.
The valuation. The asking price of €320,000 sits €35,279 (12.4%) above the fair value of €284,721. The property is considered overpriced based on current market standards.
Fair value modelled at €284,721 from 6 comparable sales in the area. Asking €320,000 sits €35,279 (12.4%) above — overpriced versus fair value.
Asking €320,000 versus the rua Gil Eanes, 6 area baseline of €257,671 (€1,923/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €257,671, adjusted for condition and micro-location, gives a modelled fair value of €284,721 (€2,125/m²), a €35,279 (12.4%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gil Eanes, 6 | Subject | €320,000 | €2,388 | — | 77 | 47 |
| Palmela · 23f2f0 | Active | €345,000 | €2,006 | 16.0% | 74 | 46 |
| avenida dos Descobrimentos, 46 | Active | €395,000 | €2,423 | 1.5% | 72 | 49 |
| avenida dos Descobrimentos | Active | €325,000 | €1,816 | 24.0% | 74 | 56 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 6.0% | 74 | 48 |
| Median comp | €352,000 | €2,125 | 11.0% | 74 | 49 |
Long-term rental The property in Quinta do Anjo, Palmela, is overpriced by 12.4% compared to its fair value, which diminishes its attractiveness as a long-term rental investment. With a gross yield of only 3% and a neighbourhood rating of 47/100, potential for rental income growth appears limited due to the rural context and economic factors. Buy-and-hold Investing in this 3-bed apartment for a buy-and-hold strategy is not advisable, as it is currently priced above its fair value at €320,000. The combination of a low yield and the challenges of a rural environment suggests that expected appreciation may not offset the premium price paid for this asset.
Economic downturn risk The economic stability score of 35/100 indicates a high risk of downturn, which could affect tenant demand and 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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