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 76 m² on the 2nd floor, built in 1986, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This modern apartment features a cozy fireplace in the living room, providing a warm ambiance during colder months, and a private balcony for outdoor relaxation.
The valuation. The asking price of €265,000 is significantly higher than the fair value of €211,540, resulting in a premium of €53,460 (25.3%). This property is overpriced and may deter potential buyers looking for a good investment. Buy-to-flip angle. Given its modern finishes, a buy-to-flip strategy could maximize returns through a targeted renovation, allowing for resale at a premium price. However, the current asking price may challenge this strategy's viability. Buy-to-let angle. The estimated rental income of €861/month offers a gross yield of 3.9%, which may attract long-term tenants despite the mixed neighborhood rating. With its well-maintained condition, the apartment could provide steady cash flow for investors.
Fair value modelled at €211,540 from 6 comparable sales in the area. Asking €265,000 sits €53,460 (25.3%) above — overpriced versus fair value.
Asking €265,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €186,169 (€2,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €186,169, adjusted for condition and micro-location, gives a modelled fair value of €211,540 (€2,783/m²), a €53,460 (25.3%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 652ffe | Subject | €265,000 | €3,487 | — | 75 | 48 |
| Pinhal Novo · 0dcc2e | Active | €315,000 | €2,864 | 17.9% | 75 | 54 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 23.1% | 75 | 49 |
| rua Dom Sancho I S / N | Active | €259,000 | €3,597 | 3.2% | 78 | 50 |
| urbanização Salgueirinha Centro | Active | €283,000 | €2,830 | 18.8% | 70 | 53 |
| Median comp | €281,000 | €2,847 | 18.4% | 75 | 52 |
Long-term rental This 2-bed apartment in Pinhal Novo, Palmela, is considered overpriced at €265,000, significantly above its fair value of €211,540, presenting a 25.3% gap. With a gross yield of only 3.9% and a limited tenant quality due to the neighbourhood's overall rating of 48/100, this strategy may not yield satisfactory returns. Agricultural use While the apartment is overpriced for residential purposes, its location in a rural area with an emphasis on agriculture suggests potential for agricultural use. However, this strategy would still require careful assessment of local market demands, as the lack of economic infrastructure in the area could impact profitability.
Low Economic Stability Risk The economic stability score of 35/100 indicates a high risk of economic downturns affecting tenant demand and rental income.
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