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 159 m², built in 2012, energy rating C. Located on rua José Afonso, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The living room boasts elegant mosaic flooring and modern false ceilings with built-in lighting, enhancing the contemporary aesthetic of the space.
The valuation. The asking price of €389,000 sits 9.8% above the fair value of €354,261, indicating that while the property is not undervalued, it holds a fair valuation within its market context. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the property’s modern kitchen and good-quality finishes to enhance resale value, potentially increasing profit margins upon sale. Buy-to-let angle. Renting the apartment at an estimated €1,232 per month presents a gross yield of 3.8%, creating a stable income stream for long-term investment in this semi-urban area.
Fair value modelled at €354,261 from 6 comparable sales in the area. Asking €389,000 sits €34,739 (9.8%) above — overpriced versus fair value.
Asking €389,000 versus the rua José Afonso area baseline of €318,810 (€2,005/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €318,810, adjusted for condition and micro-location, gives a modelled fair value of €354,261 (€2,228/m²), a €34,739 (9.8%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Afonso | Subject | €389,000 | €2,447 | — | 70 | 51 |
| rua José Afonso | Active | €417,000 | €2,095 | 14.3% | 65 | 55 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 1.6% | 75 | 54 |
| avenida Natália Correia | Active | €406,000 | €2,137 | 12.7% | 70 | 48 |
| Pinhal Novo · 19f806 | Active | €399,000 | €2,057 | 15.9% | 65 | 44 |
| Median comp | €411,500 | €2,116 | 13.5% | 68 | 51 |
Long-term rental This property presents a gross yield of 3.8%, indicating a moderate return potential in the long-term rental market. Given the fair valuation status, it is suitable for rental purposes, especially in a semi-urban area with moderate development potential. Buy-and-hold With a fair valuation of €389,000 compared to a fair value of €354,261, this property is an acceptable choice for a buy-and-hold strategy. Its condition rating of 73/100 and proximity to Setúbal may appeal to long-term investors looking for gradual appreciation. Not ideal for luxury market This property does not cater to the luxury market, primarily due to its condition and neighborhood rating. The semi-urban setting further distances it from high-end buyer expectations. Not ideal for short-term vacation rental The current fair valuation and moderate gross yield make this property less favorable for short-term vacation rentals. The neighborhood rating of 51/100 reflects limited tourist appeal. Not ideal for student housing The proximity to educational institutions is not strong enough to support student housing demand effectively. The economic and tenant quality indicators suggest a more stable rental demographic rather than transient student populations.
Economic Vulnerability With an economic stability score of 48/100, the property may face income volatility, impacting its long-term value and investment returns. Tenant Uncertainty A tenant stability score of 50/100 suggests potential fluctuations in occupancy rates, increasing the risk of revenue instability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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