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 116 m² on the 2nd floor, built in 1990. Located on rua Humberto Cardoso, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Feature: The apartment includes an impressive 16 m² basement storage room, providing ample space for bicycles or seasonal items, enhancing convenience and organization for residents.
The valuation. The asking price of €269,000 is €16,923 (6.7%) above the fair value of €252,077, indicating that the property is priced fairly but allows minimal negotiation room for potential buyers.
Fair value modelled at €252,077 from 6 comparable sales in the area. Asking €269,000 sits €16,923 (6.7%) above — overpriced versus fair value.
Asking €269,000 versus the rua Humberto Cardoso area baseline of €228,403 (€1,969/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €228,403, adjusted for condition and micro-location, gives a modelled fair value of €252,077 (€2,173/m²), a €16,923 (6.7%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Humberto Cardoso | Subject | €269,000 | €2,319 | — | 65 | 48 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 2.4% | 75 | 45 |
| Palmela · 001bc1 | Active | €350,000 | €1,872 | 19.3% | — | 45 |
| rua de Simões, 26 | Active | €435,000 | €1,740 | 25.0% | — | 48 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 3.2% | 74 | 48 |
| Median comp | €354,500 | €2,058 | 11.3% | 75 | 47 |
Long-term rental The 3-bed apartment in Palmela presents a gross yield of 4%, which aligns with the investment's fair value of €252,077. With a fair verdict and moderate condition score of 64/100, this property can serve as a stable long-term rental option despite the challenges of the neighbourhood. Family rental Given its size and fair valuation, this 116m² apartment could appeal to families seeking affordable options in the Alentejo region. Although the neighbourhood rating of 48/100 indicates some limitations, the fair price supports its potential as a family rental property.
High economic risk With an economic stability score of 35/100, this property faces significant financial instability that may impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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