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 161 m² on the 2nd floor, built in 2021, energy rating A. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment features a spacious continuous balcony that enhances natural light and connectivity between rooms and includes a parking space equipped with a charger for electric vehicles.
The valuation. The asking price of €399,000 is above the fair value of €362,007 by €36,993 (10.2%). This positions the property as fairly valued, aligning with market expectations without indicating a strong bargain.
Fair value modelled at €362,007 from 6 comparable sales in the area. Asking €399,000 sits €36,993 (10.2%) above — overpriced versus fair value.
Asking €399,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €292,038 (€1,814/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €292,038, adjusted for condition and micro-location, gives a modelled fair value of €362,007 (€2,248/m²), a €36,993 (10.2%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 5ed06b | Subject | €399,000 | €2,478 | — | 80 | 50 |
| rua Maria Eduarda Ferreira | Active | €389,000 | €2,315 | 6.6% | 72 | 58 |
| Pinhal Novo · 3d9a52 | Active | €318,500 | €2,182 | 12.0% | 75 | 54 |
| praceta do Chefe de Lanço, 98 | Active | €360,000 | €2,449 | 1.2% | 72 | 44 |
| rua Infante Dom Henrique S / N | Active | €365,000 | €1,825 | 26.4% | 72 | 50 |
| Median comp | €362,500 | €2,249 | 9.3% | 72 | 52 |
Long-term rental The apartment in Pinhal Novo, listed at €399,000, presents a fair investment opportunity with a gross yield of 3.9%. Given its fair valuation of €362,007, the potential for long-term rental income aligns with market expectations despite challenges in the rural location. Family rental This 3-bed apartment is suitable for family rentals due to its spacious size of 161m², which caters to families looking for a decent living environment. With a fair value positioning, the apartment offers adequate appeal for families, though its rural setting may limit some desirable amenities. Not ideal for luxury market Given the apartment's fair value assessment and average neighborhood rating of 50/100, it is unlikely to attract luxury market clients. The rural location coupled with limited amenities suggests that higher-end investments may not yield favorable results here. Not ideal for short-term rental The property’s listing at €399,000 reflects a fair value that does not translate into strong short-term rental potential, especially in a rural area with limited amenities. Market demand for short-term rentals in Pinhal Novo may be hindered by its overall neighborhood appeal, which averages a score of 50/100.
Economic volatility risk With an economic stability score of 40/100, the property is at significant risk of experiencing economic downturns that could lead to reduced rental income and tenant turnover.
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