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 175 m², built in 2004, energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment boasts a unique integrated central vacuum system and two balconies with excellent solar exposure, enhancing both comfort and outdoor enjoyment.
The valuation. The asking price of €429,000 sits below the fair value of €476,125, creating an opportunity for investment with a difference of €47,125, equating to a 9.9% discount from fair value. Buy-to-flip angle. This property can be targeted for quick resale, leveraging its high-quality finishes and unique design elements to attract potential buyers willing to pay a premium. Buy-to-let angle. The estimated rental income of €1,216/month yields a gross yield of 3.4%, making this property a viable option for long-term rental income in a mixed neighborhood.
Fair value modelled at €476,125 from 6 comparable sales in the area. Asking €429,000 sits €47,125 (9.9%) below — the upside to fair value.
Asking €429,000 versus the Palmela, Palmela, Setúbal area baseline of €332,750 (€1,901/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 86/100 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 €332,750, adjusted for condition and micro-location, gives a modelled fair value of €476,125 (€2,721/m²), a €47,125 (9.9%) gap versus the €429,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 144283 | Subject | €429,000 | €2,451 | — | 85 | 44 |
| Palmela · 23f2f0 | Active | €345,000 | €2,006 | 18.2% | 74 | 46 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 956c80 | Active | €275,000 | €3,198 | 30.4% | 80 | 49 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · 25f8ff | Active | €515,000 | €3,388 | 38.2% | 73 | 57 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 8.5% | 74 | 48 |
| Median comp | €352,000 | €2,721 | 11.0% | 74 | 49 |
Long-term rental The property in Palmela presents a favorable long-term rental opportunity given its fair value of €476,125, which results in a modest gap of 9.9%. With a gross yield of 3.4% in a rural area south of Lisbon, this investment aligns well with rental demand from long-term tenants seeking spacious accommodations. Buy-and-hold With an asking price of €429,000 and a fair valuation indicating a potential uplift, this property serves as a solid buy-and-hold investment. The positive condition rating of 86/100 suggests low immediate repair costs, making it a sustainable asset in a predominantly agricultural region likely to appeal to future buyers.
Low Economic Viability The property is at risk due to an economic stability score of 35/100, indicating significant vulnerability to market fluctuations and potential income issues from tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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