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 99 m² on the 1st floor, built in 1990, energy rating D. Located on rua Vasco da Gama S / N, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features a sunroom accessible from the kitchen, offering additional natural light and outdoor views, along with a versatile living space with balcony potential.
The valuation. The asking price of €274,900 sits €41,959 (18.0%) above the fair value of €232,941, indicating that the property is overpriced. This shows a significant gap between perceived market value and actual worth.
Fair value modelled at €232,941 from 6 comparable sales in the area. Asking €274,900 sits €41,959 (18.0%) above — overpriced versus fair value.
Asking €274,900 versus the rua Vasco da Gama S / N area baseline of €218,521 (€2,207/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €218,521, adjusted for condition and micro-location, gives a modelled fair value of €232,941 (€2,353/m²), a €41,959 (18.0%) gap versus the €274,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama S / N | Subject | €274,900 | €2,777 | — | 67 | 55 |
| Pinhal Novo · 652f79 | Active | €288,000 | €2,880 | 3.7% | 72 | 50 |
| rua dos Combatentes da Grande Guerra, 4 | Active | €269,000 | €2,102 | 24.3% | 72 | 44 |
| rua Dom Sancho I | Active | €240,000 | €2,353 | 15.3% | 65 | 53 |
| rua Dom Sancho I | Active | €240,000 | €2,353 | 15.3% | 55 | 44 |
| Median comp | €254,500 | €2,353 | 15.3% | 69 | 47 |
Long-term rental The 2-bed apartment in Pinhal Novo, valued at €232,941, is currently listed at €274,900, indicating it is overpriced by 18.0%. With a gross yield of 3.4% and a neighborhood score of 55/100, it may struggle to attract long-term tenants given the market dynamics. Family rental Despite its size, the apartment is overpriced at €274,900 when the fair value is €232,941, reflecting a significant gap of 18.0%. The average condition score of 69/100 and lower neighborhood rating could deter family renters who often seek properties that provide more amenities and a better environment.
Economic Vulnerability The property's economic stability score of 50/100 indicates a significant risk due to potential market fluctuations that could adversely affect 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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