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, 2-bathroom apartment of 109 m² on the 1st floor, built in 1985, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features a closed balcony of 5 m² connected to the bedroom, enhancing indoor-outdoor living and providing additional space for relaxation or storage.
The valuation. The asking price of €289,000 sits €16,330 (6.0%) above the fair value of €272,670. This valuation indicates the property is fairly priced in the current market. Buy-to-flip angle. A resale strategy could focus on cosmetic upgrades and modernizing elements to attract buyers, potentially increasing resale value beyond €289,000 with strategic renovations. Buy-to-let angle. With an estimated rental income of €987/month, this property offers a gross yield of 4.1%, making it a viable option for generating steady long-term rental income despite the area's limited amenities.
Fair value modelled at €272,670 from 6 comparable sales in the area. Asking €289,000 sits €16,330 (6.0%) above — overpriced versus fair value.
Asking €289,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €243,168 (€2,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €243,168, adjusted for condition and micro-location, gives a modelled fair value of €272,670 (€2,502/m²), a €16,330 (6.0%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 626ffb | Subject | €289,000 | €2,651 | — | 74 | 49 |
| Pinhal Novo · ade5ca | Active | €365,000 | €3,017 | 13.8% | 73 | 58 |
| rua 25 de Abril, 60 | Active | €300,000 | €2,632 | 0.7% | 72 | 55 |
| Pinhal Novo · 19f494 | Active | €335,000 | €2,991 | 12.8% | 70 | 54 |
| rua Dom Francisco de Almeida, 26 | Active | €324,900 | €2,372 | 10.6% | 85 | 53 |
| Median comp | €329,950 | €2,812 | 6.0% | 73 | 55 |
Long-term rental The property in Pinhal Novo presents a modest gross yield of 4.1%, indicating a reasonable return on investment given the local market conditions. However, with a gap to fair value at 6.0%, it suggests that while this property is fairly priced, potential investors should be mindful of the limited local amenities and employment opportunities that may affect tenant demand. Buy-and-hold Investing in this property for a long-term hold could provide stable income, yet the current valuation suggests that it is fairly priced and thus may not yield substantial appreciation in the near future. Given the rural setting and lower tenant quality based on local conditions, careful consideration is necessary when integrating this asset into a broader portfolio strategy.
Economic and Tenant Instability With an economic stability score of 45 and a tenant stability score of 50, there is a significant risk that fluctuations in the local economy could lead to increased vacancy rates and unstable rental income.
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