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 house of 114 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This property offers a spacious loft that can be customized to your liking and includes a substantial 134m² warehouse for versatile use, enhancing its functionality.
The valuation. The asking price of €620,000 is significantly above the fair value of €433,593, resulting in an overpricing of €186,407 (43.0%). This price point does not reflect the true market potential of the property.
Fair value modelled at €433,593 from 6 comparable sales in the area. Asking €620,000 sits €186,407 (43.0%) above — overpriced versus fair value.
Asking €620,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €422,617 (€3,707/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 €422,617, adjusted for condition and micro-location, gives a modelled fair value of €433,593 (€3,803/m²), a €186,407 (43.0%) gap versus the €620,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · f5ec05 | Subject | €620,000 | €5,439 | — | 70 | 52 |
| Pinhal Novo · 93728c | Active | €349,500 | €4,854 | 10.7% | 68 | 55 |
| Pinhal Novo · 468094 | Active | €465,000 | €3,207 | 41.0% | — | 53 |
| rua Aceiro da Costa S / N | Active | €900,000 | €7,627 | 40.2% | 80 | 54 |
| rua Vasco da Gama | Active | €330,000 | €4,400 | 19.1% | 52 | 56 |
| Median comp | €407,250 | €4,627 | 14.9% | 68 | 55 |
Long-term rental The property in Pinhal Novo is currently overpriced at €620,000, significantly above its fair value of €433,593, which presents a challenge for long-term rental viability. With a gross yield of only 1.7% and a neighborhood rating of 52/100, attracting quality tenants may prove difficult. Value-add renovation Despite the potential appeal, this property is overpriced by 43.0%, making renovation investments less attractive given its fair value is substantially lower. Furthermore, with a condition rating of 67/100, any renovation may not significantly enhance its appeal in a rural area influenced by nearby industrial zones. Not ideal for luxury market The current asking price positions this property outside of a competitive range for the luxury market, especially given its rural location and the neighborhood's lower quality score. Buyers seeking luxury features may overlook this property due to its overpriced status and limited appeal. Not ideal for short-term vacation rental As the property is overpriced and situated in a predominantly rural area, it is less suitable for short-term vacation rentals where return on investment is critical. The local amenities and tenant quality ratings further diminish its attractiveness for this market segment.
Economic Vulnerability The property is at risk due to a low economic stability score of 50/100, suggesting potential market fluctuations that could affect rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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