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, 3-bathroom apartment of 170 m² on the 1st floor, energy rating C. Located on rua José Afonso, 9, Pinhal Novo parish, Palmela municipality, Setúbal district. Private Outdoor Space: The apartment features a balcony equipped with a charcoal barbecue, perfect for family gatherings and outdoor entertaining. Storage Solution: Includes a private storage room for optimal organization.
The valuation. The asking price of €420,000 sits slightly above the fair value of €412,658, representing a deviation of €7,342 or 1.8%. The property can be regarded as fairly priced in the current market context.
Fair value modelled at €412,658 from 6 comparable sales in the area. Asking €420,000 sits €7,342 (1.8%) above — overpriced versus fair value.
Asking €420,000 versus the rua José Afonso, 9 area baseline of €368,176 (€2,166/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €368,176, adjusted for condition and micro-location, gives a modelled fair value of €412,658 (€2,427/m²), a €7,342 (1.8%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Afonso, 9 | Subject | €420,000 | €2,471 | — | 72 | 56 |
| rua José Afonso | Active | €389,000 | €2,447 | 1.0% | 70 | 51 |
| rua José Afonso | Active | €417,000 | €2,095 | 15.2% | 65 | 55 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 2.5% | 75 | 54 |
| avenida Natália Correia | Active | €406,000 | €2,137 | 13.5% | 70 | 48 |
| Median comp | €411,500 | €2,273 | 8.0% | 70 | 53 |
Long-term rental The property's fair value of €412,658 is very close to its listing price of €420,000, indicating that it is a fair investment rather than a strong value proposition. With a gross yield of 3%, this apartment may appeal to landlords seeking stable, long-term tenants despite its moderate rental return. Family rental The 4-bed apartment in Pinhal Novo could serve as a suitable option for families looking for space in a predominantly suburban setting, however, the perceived value is only slightly justified above fair value. Given the moderate condition score of 76/100 and neighborhood rating of 56/100, the property might attract families while presenting potential limitations in long-term capital appreciation.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk of market fluctuations affecting property demand and rental income stability. Tenant Instability A tenant stability score of 60/100 indicates potential turnover and vacancy issues, which could strain cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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