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 81 m² on the 2nd floor, built in 2003. Located Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment includes two spacious storage rooms on the top floor, totaling 16 m², providing rare additional space for hobbies or storage needs.
The valuation. The asking price of €277,000 is significantly above the fair value of €222,825, by €54,175 or 24.3%. This indicates that the property is overpriced, presenting challenges in achieving a profitable investment.
Fair value modelled at €222,825 from 6 comparable sales in the area. Asking €277,000 sits €54,175 (24.3%) above — overpriced versus fair value.
Asking €277,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €204,562 (€2,525/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 €204,562, adjusted for condition and micro-location, gives a modelled fair value of €222,825 (€2,751/m²), a €54,175 (24.3%) gap versus the €277,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · cbc066 | Subject | €277,000 | €3,420 | — | 72 | 54 |
| urbanização Salgueirinha Centro | Active | €283,000 | €2,830 | 17.2% | 70 | 53 |
| Pinhal Novo · f362ff | Active | €279,000 | €2,683 | 21.6% | 75 | 49 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 23.3% | 70 | 53 |
| rua Dom Sancho I S / N | Active | €259,000 | €3,597 | 5.2% | 78 | 50 |
| Median comp | €272,000 | €2,757 | 19.4% | 73 | 52 |
Long-term rental The property is overpriced at €277,000, with a fair value of €222,825 reflecting a 24.3% gap. The gross yield of 3.1% is unsatisfactory given the condition rating of 75/100 and the limited appeal of the surrounding neighborhood. Family rental Despite its potential as a family rental, the apartment's current asking price significantly exceeds its fair value, making it a less attractive investment. With a neighborhood rating of 54/100 and a yield of only 3.1%, this property does not offer sufficient value for long-term family occupancy.
Economic Vulnerability The combination of a low economic stability score of 55/100 and tenant stability of 60/100 indicates a heightened risk of revenue fluctuations from inefficient demand.
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