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 123 m² on the 3rd floor, built in 1992, energy rating E. Located on rua Joao de Deus, 17, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes a sizable balcony that offers direct sunlight, enhancing outdoor enjoyment, and the proximity to Pinhal Novo train station ensures convenient commuting options.
The valuation. The asking price of €275,000 is below the fair value of €314,477, presenting an opportunity with a difference of €39,477 (12.6%). Verdict: underpriced. Buy-to-flip angle. With strategic renovations targeting high-demand features, the property could see a profitable resale, appealing to buyers looking for contemporary updates. Buy-to-let angle. The estimated rental income of €940 per month capitalizes on a gross yield of 4.1%, making this a viable long-term investment for steady cash flow.
Fair value modelled at €314,477 from 6 comparable sales in the area. Asking €275,000 sits €39,477 (12.6%) below — the upside to fair value.
Asking €275,000 versus the rua Joao de Deus, 17 area baseline of €313,890 (€2,552/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing 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 €313,890, adjusted for condition and micro-location, gives a modelled fair value of €314,477 (€2,557/m²), a €39,477 (12.6%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joao de Deus, 17 | Subject | €275,000 | €2,236 | — | 60 | 52 |
| rua Francisco Caçoete Romão, 20 | Active | €275,000 | €2,500 | 11.8% | 72 | 48 |
| Pinhal Novo · d7498b | Active | €279,900 | €3,010 | 34.6% | 75 | 58 |
| avenida Capitães de Abril | Active | €197,000 | €2,402 | 7.5% | 60 | 49 |
| Pinhal Novo · 4a428a | Active | €315,000 | €3,029 | 35.5% | 68 | 48 |
| Median comp | €277,450 | €2,755 | 23.2% | 70 | 49 |
Long-term rental The property at €275,000 presents a compelling opportunity for long-term rental due to its 4.1% gross yield and a relatively lower listing price compared to the fair value of €314,477. This gap of 12.6% indicates strong potential for stable cash flow while capitalizing on the property's appreciation in value over time. Buy-and-hold Investing in this apartment for a buy-and-hold strategy could be an advantageous move, as the property is currently subvalued and offers a decent yield in a rural location that may appreciate with minimal volatility. The condition rating of 63/100 suggests moderate upkeep is needed, which can further enhance the property’s value over the long term.
Economic instability risk The economic stability score of 45/100 indicates a potential risk of fluctuating market conditions that could impact property value and rental income negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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