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 81 m² on the 1st floor, built in 1982, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a charming balcony ideal for relaxing or entertaining, showcasing modern aesthetics with high-quality finishes throughout the living spaces.
The valuation. The asking price of €275,000 is significantly above the fair value of €236,115, representing a premium of €38,885 (16.5%). This verdict clearly categorizes the property as overpriced.
Fair value modelled at €236,115 from 6 comparable sales in the area. Asking €275,000 sits €38,885 (16.5%) above — overpriced versus fair value.
Asking €275,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €201,187 (€2,484/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €201,187, adjusted for condition and micro-location, gives a modelled fair value of €236,115 (€2,915/m²), a €38,885 (16.5%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6270f4 | Subject | €275,000 | €3,395 | — | 78 | 50 |
| rua Dom Sancho I S / N | Active | €259,000 | €3,597 | 6.0% | 78 | 50 |
| urbanização Salgueirinha Centro | Active | €283,000 | €2,830 | 16.6% | 70 | 53 |
| Pinhal Novo · be94b2 | Active | €284,000 | €3,156 | 7.1% | 70 | 49 |
| rua Humberto Delgado | Active | €235,000 | €2,765 | 18.6% | 75 | 51 |
| Median comp | €271,000 | €2,993 | 11.8% | 73 | 51 |
Long-term rental The 2-bed apartment in Pinhal Novo is currently listed at €275,000, which is 16.5% above its fair value of €236,115. Given the gross yield of 0% and a neighborhood rating of 50/100, this investment lacks the potential for attractive return or tenant demand. Buy-and-hold With a purchase price exceeding fair value, this property does not offer a promising buy-and-hold strategy, as it currently stands overpriced at €275,000 compared to the fair value of €236,115. Additionally, the neighborhood's average condition and tenant quality signal a limited growth potential over the long term and thus does not support a solid investment case for holding onto this asset.
Economic and Tenant Instability Risk Given the scores of 50/100 for both economic stability and tenant stability, there is a significant risk of fluctuating income due to potential vacancy rates and economic downturns affecting rental payments.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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