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 190 m² on the 3rd floor, built in 2012, energy rating B. Located on avenida Natália Correia, Pinhal Novo parish, Palmela municipality, Setúbal district. The living room features elegant mosaic flooring and opens to a spacious balcony, offering great outdoor living space for relaxation or entertainment.
The valuation. The asking price of €399,000 is positioned below fair value of €461,554, representing an undervaluation of €62,554 (13.6%). This presents an opportunity for buyers seeking value in the current market.
Fair value modelled at €461,554 from 6 comparable sales in the area. Asking €399,000 sits €62,554 (13.6%) below — the upside to fair value.
Asking €399,000 versus the avenida Natália Correia area baseline of €483,964 (€2,547/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €483,964, adjusted for condition and micro-location, gives a modelled fair value of €461,554 (€2,429/m²), a €62,554 (13.6%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Natália Correia | Subject | €399,000 | €2,100 | — | 55 | 57 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 8.4% | 65 | 59 |
| rua Raul Brandao | Active | €235,000 | €2,582 | 23.0% | 70 | 47 |
| Pinhal Novo · 6530a8 | Active | €431,000 | €2,854 | 35.9% | 60 | 48 |
| Pinhal Novo · 89e795 | Active | €420,000 | €2,781 | 32.5% | — | 48 |
| Median comp | €425,500 | €2,682 | 27.7% | 65 | 48 |
Long-term rental With a fair value of €461,554, the property in Pinhal Novo, priced at €399,000, presents a promising opportunity for long-term rental investment, offering a competitive gross yield of 3.8%. Despite the area's limited economic activities and a condition score of 55/100, the 13.6% gap against fair value indicates strong potential for rental income growth. Buy-and-hold Investing in this 3-bed apartment for buy-and-hold strategy is favorable, particularly given its current listing price below fair value, creating an opportunity for capital appreciation over time. The yield of 3.8% combined with the potential for increased property value reflects an attractive long-term investment in a relatively stable rural area. Not ideal for student housing Although the property offers ample space, its location in a predominantly rural area with limited economic activities makes it an unsuitable option for student housing. The tenant quality and neighborhood ratings of 57/100 further suggest challenges in attracting a consistent student rental market. Not ideal for short-term vacation rental The property is not a suitable choice for short-term vacation rental due to the limited amenities and economic activities in the area, which may hinder demand from travelers. Given the rural character of Pinhal Novo, the viability of generating consistent short-term rental income is questionable.
Low tenant demand risk The economic stability score of 35/100 indicates a high likelihood of difficulty attracting and retaining tenants in the property, which may lead to prolonged vacancies and decreased 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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