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 129 m² on the 1st floor, built in 1992, energy rating C. Located on rua Joao de Deus, 2, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a spacious balcony that enhances outdoor living, and it is strategically located just 450 meters from Pinhal Novo Station for easy commuting.
The valuation. The asking price of €250,000 is slightly below the fair value of €272,985, marking a difference of €22,985 (8.4%). This indicates the property is fairly priced relative to current market standards.
Fair value modelled at €272,985 from 6 comparable sales in the area. Asking €250,000 sits €22,985 (8.4%) below — the upside to fair value.
Asking €250,000 versus the rua Joao de Deus, 2 area baseline of €264,253 (€2,048/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €264,253, adjusted for condition and micro-location, gives a modelled fair value of €272,985 (€2,116/m²), a €22,985 (8.4%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joao de Deus, 2 | Subject | €250,000 | €1,938 | — | 70 | 53 |
| Pinhal Novo · 19f806 | Active | €399,000 | €2,057 | 6.1% | 65 | 44 |
| avenida Natália Correia | Active | €399,000 | €1,918 | 1.0% | 70 | 54 |
| avenida Natália Correia | Active | €406,000 | €2,137 | 10.3% | 70 | 48 |
| rua Antero de Quental, 12B | Active | €285,000 | €2,545 | 31.3% | 70 | 58 |
| Median comp | €399,000 | €2,097 | 8.2% | 70 | 51 |
Long-term rental The property in Pinhal Novo offers a gross yield of 4.6%, aligning well with current market expectations for long-term rentals in the area. Although the property is priced fairly, its condition score of 67/100 may limit its appeal to higher-quality tenants. Buy-and-hold Investing in this apartment could yield stable returns over time, especially considering its proximity to Lisbon and the potential for appreciation in property value. The fair pricing suggests that while the immediate upside may not be significant, the foundations for stable growth are present. Family rental With a spacious layout of 129m², this apartment is suitable for family renting, although the neighborhood's rating of 53/100 may impact its desirability. The existing fair value indicates a solid, albeit not extraordinary, option for families looking for space in a suburban setting near Lisbon.
Economic and Tenant Instability The economic stability score of 50/100 suggests potential for financial downturns, while the tenant stability score of 55/100 indicates an elevated risk of tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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