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.
2-bedroom, 1-bathroom apartment of 146 m² on the 2nd floor, built in 2004, energy rating B. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The property includes two balconies that enhance natural light and outdoor space, along with a substantial 28 m² storage room ideal for additional storage needs.
The valuation. The asking price of €318,500 is below the fair value of €347,805, indicating a difference of €29,305 (8.4%). This property is therefore fairly priced in the current market context.
Fair value modelled at €347,805 from 6 comparable sales in the area. Asking €318,500 sits €29,305 (8.4%) below — the upside to fair value.
Asking €318,500 versus the Pinhal Novo, Palmela, Setúbal area baseline of €323,431 (€2,215/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €323,431, adjusted for condition and micro-location, gives a modelled fair value of €347,805 (€2,382/m²), a €29,305 (8.4%) gap versus the €318,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 3d9a52 | Subject | €318,500 | €2,182 | — | 75 | 54 |
| rua Infante Dom Henrique S / N | Active | €365,000 | €1,825 | 16.3% | 72 | 50 |
| rua Raul Brandao | Active | €235,000 | €2,582 | 18.4% | 70 | 47 |
| rua Maria Eduarda Ferreira | Active | €389,000 | €2,315 | 6.1% | 72 | 58 |
| Pinhal Novo · 19f649 | Active | €215,000 | €2,529 | 15.9% | 70 | 53 |
| Median comp | €300,000 | €2,422 | 11.0% | 71 | 52 |
Long-term rental The property in Pinhal Novo is deemed fair concerning its listing price, with a close gap to fair value at 8.4%. Given the 0% gross yield and the neighborhood rating of 54/100, long-term rental viability is limited, making it a less attractive option for sustained income. Buy-and-hold Investing in this property for long-term appreciation seems justifiable as its fair value stands at €347,805, closely aligning with the current listing price. However, with a condition rating of 70/100 and basic amenities, the potential for significant capital gains may be constrained, suggesting caution in this strategy.
Economic Vulnerability The low Economic Stability score of 55/100 suggests potential fluctuations in local market conditions, which may affect rental demand and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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