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, 3-bathroom apartment of 199 m² on the 1st floor, built in 2012, energy rating C. Located on rua José Afonso, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment boasts a stylish living room with mosaic flooring and built-in lighting, enhancing its aesthetic appeal and ambiance for social gatherings.
The valuation. The asking price of €417,000 sits below the fair value of €452,161 by €35,161 (7.8%), indicating that the property is priced fairly based on current market conditions. Buy-to-flip angle. A strategy for resale could focus on minor renovations to enhance the overall appeal, potentially targeting a resale price above the current listing while leveraging the property’s decent condition. Buy-to-let angle. The rental income strategy aims for a long-term lease, considering the property’s location in a peripheral rural area, although the gross yield currently stands at 0% given the estimated monthly income is not yet established.
Fair value modelled at €452,161 from 6 comparable sales in the area. Asking €417,000 sits €35,161 (7.8%) below — the upside to fair value.
Asking €417,000 versus the rua José Afonso area baseline of €434,991 (€2,186/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 €434,991, adjusted for condition and micro-location, gives a modelled fair value of €452,161 (€2,272/m²), a €35,161 (7.8%) gap versus the €417,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Afonso | Subject | €417,000 | €2,095 | — | 65 | 55 |
| avenida Natália Correia | Active | €406,000 | €2,137 | 2.0% | 70 | 48 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 14.9% | 75 | 54 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 8.6% | 65 | 59 |
| Pinhal Novo · 19f806 | Active | €399,000 | €2,057 | 1.9% | 65 | 44 |
| Median comp | €421,500 | €2,207 | 5.3% | 68 | 51 |
Long-term rental The property offers a balanced investment opportunity in a peripheral rural area with a fair valuation against the asking price, indicating a stable asset for long-term rental. However, with a 0% gross yield and a neighborhood score of 55/100, potential rental income may be lower than expected, reflecting the economic base of the location. Buy-and-hold As a buy-and-hold strategy, this property maintains a fair value, suggesting it could appreciate over time within the context of the Pinhal Novo area. Yet, considering the lack of tenant quality and amenities, future appreciation may be limited, necessitating a long-term view for investors.
Weak Economic Conditions The economic stability score of 40/100 indicates a high risk of economic downturns, which could negatively affect tenant demand and 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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