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 168 m² on the 3rd floor, built in 2009, energy rating B. Located on rua Maria Eduarda Ferreira, Pinhal Novo parish, Palmela municipality, Setúbal district. Exceptional Natural Light: This apartment's unique two-facing facade allows for abundant sunlight, creating a bright and inviting atmosphere throughout its generous living spaces. Versatile Attic Space: The accessible attic offers additional flexible space, ideal for a home office or recreational area, enhancing its overall utility.
The valuation. The asking price of €389,000 is slightly above the fair value of €385,209, representing a difference of €3,791 (1.0%). This positioning confirms the property is valued at a fair price.
Fair value modelled at €385,209 from 6 comparable sales in the area. Asking €389,000 sits €3,791 (1.0%) above — overpriced versus fair value.
Asking €389,000 versus the rua Maria Eduarda Ferreira area baseline of €332,060 (€1,977/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting 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 €332,060, adjusted for condition and micro-location, gives a modelled fair value of €385,209 (€2,293/m²), a €3,791 (1.0%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Maria Eduarda Ferreira | Subject | €389,000 | €2,315 | — | 72 | 58 |
| praceta do Chefe de Lanço, 98 | Active | €360,000 | €2,449 | 5.8% | 72 | 44 |
| rua Infante Dom Henrique S / N | Active | €365,000 | €1,825 | 21.2% | 72 | 50 |
| avenida Natália Correia | Active | €406,000 | €2,137 | 7.7% | 70 | 48 |
| rua Raul Brandao | Active | €235,000 | €2,582 | 11.5% | 70 | 47 |
| Median comp | €362,500 | €2,293 | 1.0% | 71 | 48 |
Family rental The 3-bed apartment in Pinhal Novo holds potential as a family rental due to its reasonable size and fair valuation relative to the market. However, the modest yield of 3.7% indicates that it may not significantly outperform other low-risk investments in the current economic environment. Buy-and-hold Investing in this property for a buy-and-hold strategy could provide stable returns, particularly given its proximity to Setúbal, which offers some economic advantages. The current valuation aligns closely with fair market value, indicating a neutral stance on potential appreciation over time. Long-term rental As a long-term rental, this apartment presents a viable option within the suburban landscape of Palmela, though the neighborhood's moderate amenities may limit its attractiveness to higher-end tenants. The fair valuation suggests that while there’s no immediate bargain, the property can serve its purpose as a consistent rental source without excessive risk.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk of market fluctuations impacting rental income. Tenant Instability With a tenant stability score of 65/100, there is a notable chance of tenant turnover, creating potential revenue inconsistencies.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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