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 66 m², built in 1988, energy rating C. Located on rua Vasco da Gama, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes a modern, open-space kitchen with high-quality appliances and a location just 300 meters from the train station, ensuring quick access to Lisbon and Setúbal.
The valuation. The asking price of €250,000 sits €63,431 (34.0%) above the fair value of €186,569, indicating that this property is overpriced. Buy-to-flip angle. A buy-and-flip strategy may not yield quick profits due to the inflated purchase price and market conditions. Buy-to-let angle. With an estimated gross yield of 3.3%, rental income of €688 per month suggests limited cash flow potential, making a long-term rental strategy more viable.
Fair value modelled at €186,569 from 6 comparable sales in the area. Asking €250,000 sits €63,431 (34.0%) above — overpriced versus fair value.
Asking €250,000 versus the rua Vasco da Gama area baseline of €165,421 (€2,506/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €165,421, adjusted for condition and micro-location, gives a modelled fair value of €186,569 (€2,827/m²), a €63,431 (34.0%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama | Subject | €250,000 | €3,788 | — | 74 | 58 |
| rua Humberto Delgado | Active | €235,000 | €2,765 | 27.0% | 75 | 51 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 23.7% | 70 | 49 |
| Pinhal Novo · 1f36e3 | Active | €399,000 | €4,156 | 9.7% | 74 | 53 |
| Palmela · b7c0e3 | Active | €260,000 | €2,737 | 27.7% | 75 | 44 |
| Median comp | €260,000 | €2,827 | 25.4% | 75 | 50 |
Long-term rental The 2-bed apartment in Pinhal Novo is overpriced at €250,000, with a significant gap to its fair value of €186,569, reflecting a labeling of 34% overvaluation. Given the stability of the area and its moderate economic demands, investing in long-term rental could be challenging due to the low yield of 3.3%. Buy-and-hold With current market pricing at €250,000, this property does not present a lucrative buy-and-hold opportunity, as its fair value sits at €186,569, suggesting it is 34% overpriced. The area's quality rankings indicate limited tenant demand and amenities, likely hindering price appreciation over time. Family rental Although the property is situated in a safe suburban area, its pricing at €250,000 is significantly above its fair value of €186,569, leading to a verdict of overpriced. The moderate yield of 3.3% and the neighborhood rating of only 58/100 may deter families looking for more cost-effective housing options.
Economic and Tenant Instability Risk With both economic stability and tenant stability scores at 55/100, there is a heightened risk of economic downturn or tenant turnover affecting rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
