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.
4-bedroom, 3-bathroom apartment of 218 m² on the 3rd floor, built in 2005, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The property benefits from fully financed upcoming enhancements to common areas, including a façade facelift and roof maintenance, ensuring no immediate extra costs for new owners.
The valuation. The asking price of €525,000 is significantly above the fair value of €409,684, creating an overpricing of €115,316 (28.1%). This indicates a potential challenge in achieving a profitable investment if the market does not align with these expectations.
Fair value modelled at €409,684 from 6 comparable sales in the area. Asking €525,000 sits €115,316 (28.1%) above — overpriced versus fair value.
Asking €525,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €329,939 (€1,513/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 €329,939, adjusted for condition and micro-location, gives a modelled fair value of €409,684 (€1,879/m²), a €115,316 (28.1%) gap versus the €525,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 89e690 | Subject | €525,000 | €2,408 | — | 75 | 54 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 33.7% | 70 | 51 |
| Pinhal Novo · 93765b | Active | €410,000 | €1,745 | 27.6% | 73 | 44 |
| Pinhal Novo · 6d5354 | Active | €385,000 | €2,319 | 3.7% | 72 | 54 |
| Pinhal Novo · 4bc678 | Active | €470,000 | €2,017 | 16.2% | 85 | 63 |
| Median comp | €397,500 | €1,881 | 21.9% | 73 | 53 |
Long-term rental The property is overpriced by 28.1% compared to its fair value of €409,684, limiting the potential for attractive returns in the long-term rental market. Given the 3% gross yield and a neighborhood rating of 54/100, the investment lacks compelling financial motivation for sustained rental income. Family rental As a family rental, the property is overpriced, which may deter potential tenants looking for more affordable options in nearby areas. With a neighborhood score of only 54/100 and limited economic diversity, families may prioritize value over the larger space offered in this apartment. Not ideal for - Short-term vacation rental The high listing price creates significant barriers to entry for short-term vacation rentals, diminishing the appeal to budget-conscious travelers. Moreover, the neighborhood’s 54/100 score suggests that there are more desirable areas for such rentals, limiting booking potential. Not ideal for - Student housing Given the rental conditions and the property's overpriced status, it does not meet the cost-effectiveness desired for student housing options. The limited economic opportunities in the surrounding rural area may further decrease demand for student rentals.
Economic Volatility Risk The property's economic stability score of 50/100 indicates significant volatility that may adversely affect rental income and property value.
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
