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 73 m² on the 2nd floor, built in 1979, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment boasts a spacious balcony that offers a perfect spot for outdoor relaxation and is conveniently located near vibrant local amenities and transportation hubs.
The valuation. The asking price of €275,000 is significantly above fair value, with an excess of €69,661 (33.9%). This property is considered overpriced compared to its valuation of €205,339.
Fair value modelled at €205,339 from 6 comparable sales in the area. Asking €275,000 sits €69,661 (33.9%) above — overpriced versus fair value.
Asking €275,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €196,914 (€2,697/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €196,914, adjusted for condition and micro-location, gives a modelled fair value of €205,339 (€2,813/m²), a €69,661 (33.9%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · f14cfd | Subject | €275,000 | €3,767 | — | 75 | 49 |
| Pinhal Novo · 8ee6da | Active | €240,000 | €2,697 | 28.4% | 62 | 46 |
| Pinhal Novo · 1f36e3 | Active | €399,000 | €4,156 | 10.3% | 74 | 53 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 23.3% | 70 | 49 |
| rua 7 Fevereiro | Active | €219,000 | €3,129 | 17.0% | 65 | 49 |
| Median comp | €250,000 | €3,009 | 20.1% | 68 | 49 |
Long-term rental The 2-bed apartment in Pinhal Novo, currently listed at €275,000, presents a significant gap of 33.9% compared to its fair value of €205,339, illustrating that the property is overpriced. With a gross yield of only 3.1%, the long-term rental prospects are unlikely to provide sufficient return on investment given the high upfront cost. Family rental As a family rental, this property is positioned in a neighbourhood with a low score of 49/100, suggesting limited amenities and tenant quality that could deter potential renters. The current asking price of €275,000 does not align with the fair market value of €205,339, indicating that the investment may not attract family tenants adequately due to its overpriced status. Value-add renovation Investments to increase the property’s condition rating from 68/100 could prove costly, yet the current listing price of €275,000 makes it challenging to achieve a profitable return on these renovations. Given the substantial 33.9% disparity from its fair value of €205,339, this property is overpriced and may not yield the expected value increase post-renovation.
Economic Vulnerability With an economic stability score of 35/100, the property is subject to heightened economic risk, which could affect tenant demand and rental income stability.
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