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 115 m² on the 2nd floor, built in 2000, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The spacious living room features a fireplace and air conditioning, while the kitchen includes a sunroom and pantry, enhancing functionality and comfort.
The valuation. The asking price of €335,000 is above fair value of €287,679, representing an overvaluation of €47,321 (16.4%). This suggests that investors should approach with caution due to the inflated initial cost.
Fair value modelled at €287,679 from 6 comparable sales in the area. Asking €335,000 sits €47,321 (16.4%) above — overpriced versus fair value.
Asking €335,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €261,121 (€2,271/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €261,121, adjusted for condition and micro-location, gives a modelled fair value of €287,679 (€2,502/m²), a €47,321 (16.4%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 6273cd | Subject | €335,000 | €2,913 | — | 70 | 57 |
| Pinhal Novo · ade5ca | Active | €365,000 | €3,017 | 3.6% | 73 | 58 |
| rua 25 de Abril, 60 | Active | €300,000 | €2,632 | 9.7% | 72 | 55 |
| Pinhal Novo · 19f494 | Active | €335,000 | €2,991 | 2.7% | 70 | 54 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 22.1% | 60 | 56 |
| Median comp | €317,500 | €2,812 | 3.5% | 71 | 56 |
Long-term rental The property in Pinhal Novo is currently overpriced by 16.4%, reducing its appeal for long-term rental strategies. With a gross yield of only 3.3% and a neighborhood score of 57/100, it is unlikely to attract high-quality tenants. Buy-and-hold Investing in this apartment as a buy-and-hold strategy seems unfavourable due to its fair value gap of 16.4%. Given the current condition rating of 74/100 and the surrounding area's industrial influences, potential appreciation is limited in the foreseeable future.
Moderate Economic and Tenant Risk The economic stability score of 55 and tenant stability score of 60 indicate a moderate risk that could lead to potential vacancies or reduced rental income due to economic fluctuations. There is a total risk exposure from both metrics assessing stability below the average threshold of 65.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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