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, 3-bathroom house of 160 m², built in 1971, energy rating D. Located Palmela parish, Palmela municipality, Setúbal district. Unique Versatility: This property features two independent living spaces, ideal for accommodating two families while preserving their privacy, and boasts a substantial outdoor area perfect for gardening or leisure activities.
The valuation. The asking price of €650,000 sits €124,800 (23.8%) above the fair value of €525,200. This indicates that the property is overpriced and does not present a compelling investment opportunity based on current market assessments.
Fair value modelled at €525,200 from 6 comparable sales in the area. Asking €650,000 sits €124,800 (23.8%) above — overpriced versus fair value.
Asking €650,000 versus the Palmela, Palmela, Setúbal area baseline of €503,671 (€3,148/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €503,671, adjusted for condition and micro-location, gives a modelled fair value of €525,200 (€3,283/m²), a €124,800 (23.8%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 3d99a5 | Subject | €650,000 | €4,063 | — | 65 | 52 |
| estrada dos Restauradores do Concelho de Palmela N379-2 | Active | €790,000 | €4,647 | 14.4% | 60 | 48 |
| rua Amadeu de Sousa Cardoso | Active | €568,000 | €2,618 | 35.6% | 72 | 45 |
| rua de Setubal S / N | Active | €990,000 | €2,821 | 30.6% | 62 | 54 |
| Palmela · 6d5545 | Active | €850,000 | €3,744 | 7.8% | — | 56 |
| Median comp | €820,000 | €3,283 | 19.2% | 62 | 51 |
Long-term rental The property in Palmela, listed at €650,000, is overpriced by 23.8% compared to the fair value of €525,200, making it a less attractive option for long-term rental. With a gross yield of only 2.5%, the investment may struggle to deliver satisfactory returns while dealing with an average neighbourhood rating of 52/100. Buy-and-hold Given the significant gap between the asking price and the fair value, this property can be considered a poor candidate for a buy-and-hold strategy in Palmela. The combination of a low yield and an average condition rating of 60/100 suggests that holding this property may yield stagnant growth in the long term. Family rental While Palmela offers safety and amenities due to its proximity to Setúbal, the property is overpriced by over 23%, which adversely impacts its viability for family rental. The relatively low tenant quality and community rating further complicate its attractiveness to families seeking stable housing options.
Economic and Tenant Stability Risk The combined scores of 60 for economic stability and 55 for tenant stability indicate a potential risk of fluctuating rental income and higher vacancy rates, as tenants may struggle with economic challenges.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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