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, 4-bathroom house of 224 m², built in 2005, energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. This property includes an annex that offers flexible potential for conversion into a T0, ideal for rental income or a home office.
The valuation. The asking price of €495,000 sits slightly above the fair value of €480,592, representing a €14,408 (3.0%) premium. This indicates the property is fairly valued in the current market. Buy-to-flip angle. A resale strategy could focus on enhancing the property’s appeal through value-add renovations, leveraging its quality materials for a quick turnaround. The aim would be to capitalize on the cosmetic upgrades to increase market value. Buy-to-let angle. The estimated rental income of €1,980 per month offers a gross yield of 4.8%, presenting a stable long-term rental strategy. This income potential may attract tenants in the agricultural-focused peripheral rural area.
Fair value modelled at €480,592 from 6 comparable sales in the area. Asking €495,000 sits €14,408 (3.0%) above — overpriced versus fair value.
Asking €495,000 versus the Palmela, Palmela, Setúbal area baseline of €379,080 (€1,692/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €379,080, adjusted for condition and micro-location, gives a modelled fair value of €480,592 (€2,146/m²), a €14,408 (3.0%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 62724d | Subject | €495,000 | €2,210 | — | 74 | 39 |
| rua Amadeu de Sousa Cardoso, 6 | Active | €385,000 | €1,638 | 25.9% | 62 | 61 |
| Palmela · 023b97 | Active | €799,000 | €2,553 | 15.5% | 90 | 44 |
| Palmela · 6c7784 | Active | €479,000 | €1,916 | 13.3% | 72 | 49 |
| Palmela · 6c7ab0 | Active | €570,000 | €2,375 | 7.5% | 75 | 48 |
| Median comp | €524,500 | €2,146 | 2.9% | 74 | 49 |
Value-add renovation While the property offers a fair valuation with only a 3.0% gap from its fair value, the 77/100 condition rating suggests there's potential for improvements that could enhance its appeal and increase asset value. Renovating in line with local tastes could amplify attractiveness in this rural market, making it a candidate for a reasonable return on investment. Long-term rental Given the property’s fair yield of 4.8% gross, it presents a steady opportunity for long-term rental income despite a low neighborhood rating of 39/100. However, potential investors should be cognizant of the local economic conditions and tenant quality, which may influence demand and rental rates. Not ideal for: Student housing, Luxury market, Short-term vacation rental
High Vacancy Risk Limited economic stability (35/100) combined with low tenant stability (40/100) suggests a heightened likelihood of vacancies and potential income loss.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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