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 74 m², built in 1996, energy rating D. Located on rua do Monte Novo, 24, Pinhal Novo parish, Palmela municipality, Setúbal district. This ground floor apartment features a spacious living room with abundant natural light, enhancing its cozy appeal and suitability for indoor gatherings.
The valuation. The asking price of €259,900 is significantly above fair value at €215,710, representing an overvaluation of €44,190 (20.5%). This suggests that the property is overpriced.
Fair value modelled at €215,710 from 6 comparable sales in the area. Asking €259,900 sits €44,190 (20.5%) above — overpriced versus fair value.
Asking €259,900 versus the rua do Monte Novo, 24 area baseline of €208,299 (€2,815/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €208,299, adjusted for condition and micro-location, gives a modelled fair value of €215,710 (€2,915/m²), a €44,190 (20.5%) gap versus the €259,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Monte Novo, 24 | Subject | €259,900 | €3,512 | — | 70 | 48 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 19.7% | — | 55 |
| Pinhal Novo · 4bc6a3 | Active | €280,000 | €3,111 | 11.4% | 65 | 48 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 25.3% | 70 | 53 |
| rua Mário Viegas | Active | €270,000 | €3,000 | 14.6% | 70 | 50 |
| Median comp | €267,500 | €2,910 | 17.2% | 70 | 52 |
Long-term rental The apartment's listing price of €259,900 is notably higher than its fair value of €215,710, indicating that it is overpriced by 20.5%. With a gross yield of only 3.6%, the investment may not generate sufficient cash flow to justify this premium. Buy-and-hold While holding this property may seem appealing due to its location near Setúbal, its current valuation at €259,900 creates a significant gap from fair value, making it overpriced. The 67/100 condition score and subpar neighborhood rating of 48/100 further suggest that potential appreciation may not compensate for the initial overvaluation.
High Vacancy Risk With an economic stability score of 40/100 and tenant stability score of 50/100, the property faces a significant risk of high vacancy rates due to potential economic downturns and instability among tenants.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
