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 C. Located on avenida Natália Correia, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a spacious living room with elegant mosaic flooring and two balconies, enhancing both light and outdoor space for relaxation.
The valuation. The asking price of €406,000 sits €25,712 (6.0%) below the fair value of €431,712, indicating that this property is priced at fair value. Buy-to-flip angle. The property can be resold at a higher price after targeted renovations due to its good quality cabinetry and countertops, appealing broadly to buyers. Buy-to-let angle. With an estimated gross yield of 3.7% from a monthly rental income of €1,252, this apartment offers a decent cash flow for long-term investment in a rural area with limited urban competition.
Fair value modelled at €431,712 from 6 comparable sales in the area. Asking €406,000 sits €25,712 (6.0%) below — the upside to fair value.
Asking €406,000 versus the avenida Natália Correia area baseline of €404,108 (€2,127/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €404,108, adjusted for condition and micro-location, gives a modelled fair value of €431,712 (€2,272/m²), a €25,712 (6.0%) gap versus the €406,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Natália Correia | Subject | €406,000 | €2,137 | — | 70 | 48 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 6.5% | 65 | 59 |
| avenida Natália Correia | Active | €399,000 | €1,918 | 10.2% | 70 | 54 |
| avenida Natália Correia, 198 | Active | €406,000 | €1,742 | 18.5% | 62 | 52 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 6.2% | 60 | 56 |
| Median comp | €402,500 | €2,093 | 2.1% | 64 | 55 |
Long-term rental The property presents a stable long-term rental opportunity, given its gross yield of 3.7%. However, the fair valuation suggests it is accurately priced, so the appeal is moderate due to the lower socio-economic conditions in the neighborhood. Agricultural leasing While the property is located in a rural area with an agricultural focus, the financial metrics indicate a fair valuation with limited growth potential. Consequently, pursuing agricultural leasing may yield steady income but could be limited by the overall economic conditions in Pinhal Novo, Palmela.
High vacancy risk With both economic stability and tenant stability scores at 45/100, there is a significant risk of high vacancy rates impacting 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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