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 103 m² on the 3rd floor, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes a cozy fireplace with heat recovery, offering efficient warmth, and boasts a balcony with a stunning view of Palmela Castle, enhancing its charm.
The valuation. The asking price of €299,000 sits €12,432 above fair value, with a verdict of fair reflecting a 4.3% premium. This price aligns closely with the market's expectations for properties in the area.
Fair value modelled at €286,568 from 6 comparable sales in the area. Asking €299,000 sits €12,432 (4.3%) above — overpriced versus fair value.
Asking €299,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €274,313 (€2,663/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €274,313, adjusted for condition and micro-location, gives a modelled fair value of €286,568 (€2,782/m²), a €12,432 (4.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · efdcf7 | Subject | €299,000 | €2,903 | — | 66 | 50 |
| rua 25 de Abril, 60 | Active | €300,000 | €2,632 | 9.3% | 72 | 55 |
| Pinhal Novo · 6273cd | Active | €335,000 | €2,913 | 0.3% | 70 | 57 |
| Pinhal Novo · ade5ca | Active | €365,000 | €3,017 | 3.9% | 73 | 58 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 21.9% | 60 | 56 |
| Median comp | €317,500 | €2,773 | 4.5% | 71 | 57 |
Long-term rental The property in Pinhal Novo offers a gross yield of 4.8%, making it a stable option for long-term rental in a primarily rural area. However, with a fair valuation of €286,568 and a listing price slightly above this, the potential for significant appreciation is limited due to the local economic constraints. Buy-and-hold Investing in this apartment as a buy-and-hold strategy could yield a consistent rental income, but the property's condition rating of 69/100 suggests it may require some maintenance in the future. Given its fair market price, it presents a neutral investment opportunity without the expectation of substantial value increase over time due to the neighborhood's limitations.
Tenant turnover risk With a tenant stability score of only 60/100, there is a concern for potential tenant turnover, which could lead to increased vacancy rates and rental income instability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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