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.
4-bedroom, 2-bathroom apartment of 194 m² on the 1st floor, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment features a charming blend of vintage tiles in the kitchen and an upgraded energy-efficient heat pump for heating, enhancing its traditional appeal.
The valuation. The asking price of €399,000 is positioned €41,800 (9.5%) below the fair value of €440,800, indicating the property is fairly valued in the current market. Buy-to-flip angle. A successful resale strategy could focus on cosmetic updates to improve appeal, targeting quick flips for a higher profit. Buy-to-let angle. While currently yielding 0%, a long-term rental strategy aims to stabilize income through family rentals, assuming improved demand as the neighborhood develops over time.
Fair value modelled at €440,800 from 6 comparable sales in the area. Asking €399,000 sits €41,800 (9.5%) below — the upside to fair value.
Asking €399,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €433,593 (€2,235/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €433,593, adjusted for condition and micro-location, gives a modelled fair value of €440,800 (€2,272/m²), a €41,800 (9.5%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 19f806 | Subject | €399,000 | €2,057 | — | 65 | 44 |
| avenida Natália Correia | Active | €399,000 | €1,918 | 6.7% | 70 | 54 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 10.7% | 65 | 59 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 17.1% | 75 | 54 |
| rua Francisco Caçoete Romão, 20 | Active | €275,000 | €2,500 | 21.6% | 72 | 48 |
| Median comp | €418,000 | €2,342 | 13.9% | 71 | 54 |
Long-term rental This property has a fair value of €440,800, with a listing price of €399,000 indicating it could generate a stable income stream, albeit with a 0% gross yield. The limited neighbourhood amenities and low tenant quality suggest challenges in securing high-quality long-term tenants. Buy-and-hold With a fair valuation of €440,800 compared to the asking price of €399,000, this property presents potential for capital appreciation over time in the Pinhal Novo area. However, with a neighbourhood rating of 44/100, investment returns may be constrained by limited future developments. Family rental Priced at €399,000 against a fair value of €440,800, this property may appeal to families seeking long-term rentals in a suburban setting. Nevertheless, the property's low condition score of 64/100 and the lack of nearby amenities might impact its attractiveness to potential family renters.
Economic and Tenant Risk The property has low economic stability (40/100) and moderate tenant stability (50/100), indicating a risk of fluctuating rental income and potential difficulties in tenant retention.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
