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 195 m² on the 3rd floor, built in 2012, energy rating E. Located on rua José Afonso, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features a spacious living room adorned with elegant mosaic flooring and modern built-in lighting, enhancing its contemporary appeal with functional design. Additional Context: The property includes multiple balconies, providing ample outdoor space to enjoy. Valuation Verdict: Fair.
The valuation. The asking price of €405,000 sits slightly below the fair value of €416,684, reflecting a differential of €11,684 (2.8%). This positions the property as being fairly valued. Buy-to-flip angle. Given the opportunity for renovations, a buy-to-flip strategy could be beneficial, with potential for a higher resale value post-improvement. Targeting families seeking modern amenities might attract a premium. Buy-to-let angle. The rental income strategy could capitalize on stable tenant demand, given the family-oriented nature of the unit. However, the current gross yield is 0%, indicating no rental income potential without further investment.
Fair value modelled at €416,684 from 5 comparable sales in the area. Asking €405,000 sits €11,684 (2.8%) below — the upside to fair value.
Asking €405,000 versus the rua José Afonso area baseline of €392,146 (€2,011/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €392,146, adjusted for condition and micro-location, gives a modelled fair value of €416,684 (€2,137/m²), a €11,684 (2.8%) gap versus the €405,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Afonso | Subject | €405,000 | €2,077 | — | 70 | 47 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 16.0% | 75 | 54 |
| rua José Afonso | Active | €417,000 | €2,095 | 0.9% | 65 | 55 |
| avenida Natália Correia | Active | €399,000 | €1,918 | 7.6% | 70 | 54 |
| avenida Natália Correia | Active | €406,000 | €2,137 | 2.9% | 70 | 48 |
| Median comp | €411,500 | €2,116 | 1.9% | 70 | 54 |
Buy-and-hold This property is fairly valued, with a listing price of €405,000 just 2.8% below its fair value of €416,684. Given the stable, though limited, amenities and employment opportunities in the area, it can provide consistent income over the long term despite the low yield. Family rental Based on the current fair valuation, this property presents a suitable investment for long-term family rental as it offers necessary space in a predominantly rural environment. The absence of significant amenities may limit the pool of potential tenants, so targeting families seeking stability may yield better results. Value-add renovation While priced at €405,000, this property is fairly valued compared to its fair market estimate of €416,684, indicating minimal room for immediate appreciation. However, renovations could improve the condition rating, potentially attracting higher-quality tenants in this rural neighborhood and creating value over time.
[Economic volatility risk] The property is situated in an area with a low economic stability score of 40/100, indicating a high risk of fluctuating market conditions that could negatively impact returns.
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
