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, 2-bathroom apartment of 124 m² on the 1st floor, built in 1985, energy rating E. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment boasts a spacious 16 m² enclosed balcony that wraps around the apartment, providing a unique, versatile extension of living space ideal for leisure activities.
The valuation. The asking price of €276,000 sits just above the fair value of €272,564, indicating a slight premium of €3,436 (1.3%). Verdict: fair.
Fair value modelled at €272,564 from 6 comparable sales in the area. Asking €276,000 sits €3,436 (1.3%) above — overpriced versus fair value.
Asking €276,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €240,494 (€1,939/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 €240,494, adjusted for condition and micro-location, gives a modelled fair value of €272,564 (€2,198/m²), a €3,436 (1.3%) gap versus the €276,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · f14ce6 | Subject | €276,000 | €2,226 | — | 72 | 55 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 8.2% | 75 | 54 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 28.2% | 70 | 51 |
| Pinhal Novo · d7498b | Active | €279,900 | €3,010 | 35.2% | 75 | 58 |
| rua José Afonso | Active | €405,000 | €2,077 | 6.7% | 70 | 47 |
| Median comp | €395,000 | €2,243 | 0.7% | 73 | 53 |
Long-term rental The property in Pinhal Novo presents a fair pricing scenario with a slight gap of 1.3% from the fair value, indicating a balanced investment opportunity. The current yield of 0% suggests that while it may not provide immediate cash flow, the area’s moderate economic activity could support future rental demand over time. Buy-and-hold With a fair value assessment aligning closely with the listing price, this property is positioned for potential appreciation in a semi-urban environment near Setúbal. However, its condition rating of 75 and neighborhood score of 55 suggest that long-term holding may require attention to property maintenance and market dynamics for optimal returns.
Economic volatility risk With an economic stability score of 50/100, there is a heightened risk of market fluctuations impacting property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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