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 151 m² on the 2nd floor, built in 2012, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment features large glazed doors that flood the living area with natural light, and a private box in the garage for secure, organized storage. Desempenho Notável: O apartamento possui grandes portas envidraçadas que inundam a área de estar com luz natural, e uma box privada na garagem para armazenamento seguro e organizado.
The valuation. The asking price of €420,000 sits significantly above the fair value of €343,097, resulting in an overpriced valuation of €76,903 (22.4%). This suggests the property may not represent a sound investment at its current price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 89e795 | Subject | €420,000 | €2,781 | — | — | 48 |
| Pinhal Novo · 6530a8 | Active | €431,000 | €2,854 | 2.6% | 60 | 48 |
| avenida Natália Correia, 198 | Active | €406,000 | €1,742 | 37.4% | 62 | 52 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 18.4% | 60 | 56 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 18.2% | 65 | 59 |
| Median comp | €418,500 | €2,272 | 18.3% | 61 | 54 |
Long-term rental The 3-bed apartment in Pinhal Novo is overpriced at €420,000, reflecting a 22.4% gap from its fair value of €343,097. With a gross yield of only 3.1% and a neighbourhood rating of 48/100, the investment lacks the financial upside typically sought after in long-term rental strategies. Buy-and-hold Acquiring this property as a buy-and-hold investment presents significant risks due to its overvaluation relative to the fair market price, which limits potential appreciation. The neighbourhood's low ratings and remote location further hinder the attractiveness of holding this asset in the long term.
Economic Instability Risk The property's low economic stability score of 40/100 suggests a higher likelihood of fluctuations in market conditions that could adversely affect property values and rental income.
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