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 68 m² on the 1st floor, built in 2011, energy rating B. Located on avenida dos Descobrimentos, 21, Quinta do Anjo parish, Palmela municipality, Setúbal district. This apartment features a spacious terrace with direct pool access, perfect for enjoying serene views and relaxation amidst a tranquil environment.
The valuation. The asking price of €295,000 sits €51,000 above the fair value of €244,000, reflecting a substantial 20.9% overvaluation. This elevated pricing renders the property less attractive for investment.
Fair value modelled at €244,000 from 6 comparable sales in the area. Asking €295,000 sits €51,000 (20.9%) above — overpriced versus fair value.
Asking €295,000 versus the avenida dos Descobrimentos, 21 area baseline of €230,482 (€3,389/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 €230,482, adjusted for condition and micro-location, gives a modelled fair value of €244,000 (€3,588/m²), a €51,000 (20.9%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Descobrimentos, 21 | Subject | €295,000 | €4,338 | — | 72 | 50 |
| rua das Margaridas | Active | €250,000 | €3,676 | 15.3% | 78 | 57 |
| rua das Hortenses | Active | €265,000 | €4,206 | 3.0% | 75 | 49 |
| rua Eça de Queiroz, 10 | Active | €175,000 | €3,500 | 19.3% | 72 | 49 |
| rua Menez S / N | Active | €215,000 | €3,707 | 14.6% | 70 | 44 |
| Median comp | €232,500 | €3,692 | 14.9% | 74 | 49 |
Long-term rental The 2-bed apartment in Quinta do Anjo is listed at €295,000, which is 20.9% above its fair value of €244,000, indicating it is overpriced. With a gross yield of 5% and a condition rating of 75/100, the investment may struggle to attract quality tenants in an area characterized by a rural economy and moderate amenities. Family rental This property may appeal to families seeking rental options in Palmela; however, its listing price of €295,000 suggests it is overpriced compared to the fair value of €244,000. The neighborhood's average score of 50/100 for tenant quality indicates challenges in securing long-term residents, which could limit rental income potential.
Low demand risk A low economic stability score of 40/100 indicates potential challenges in attracting and retaining tenants, which may lead to higher vacancy rates and decreased 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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