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 164 m², energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment features a living room with a fireplace, enhancing its potential for cozy gatherings, while the attic storage provides additional space for organization.
The valuation. The asking price of €355,000 is close to the fair value of €379,045, falling short by €24,045, or 6.3%. This property is fairly valued and presents a stable opportunity for potential investors.
Fair value modelled at €379,045 from 6 comparable sales in the area. Asking €355,000 sits €24,045 (6.3%) below — the upside to fair value.
Asking €355,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €479,599 (€2,924/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 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 €479,599, adjusted for condition and micro-location, gives a modelled fair value of €379,045 (€2,311/m²), a €24,045 (6.3%) gap versus the €355,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 831604 | Subject | €355,000 | €2,165 | — | 25 | 50 |
| rua Febo Moniz | Active | €298,000 | €2,346 | 8.4% | 42 | 55 |
| avenida Natália Correia | Active | €399,000 | €2,100 | 3.0% | 55 | 57 |
| Pinhal Novo · 6530a8 | Active | €431,000 | €2,854 | 31.9% | 60 | 48 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 5.1% | 65 | 59 |
| Median comp | €415,000 | €2,311 | 6.8% | 58 | 56 |
Long-term rental The property at €355,000 offers a gross yield of 3.4%, which is within acceptable limits for a long-term rental strategy. However, the fair value estimation indicates that the property is priced at a slight premium, suggesting minimal upside for long-term investors. Buy-and-hold With the fair value assessed at €379,045, the current listing price reflects a slight overpricing of 6.3%. This makes the buy-and-hold strategy less appealing, as potential appreciation may not justify the initial investment. Family rental Given the neighborhood's rating of 50/100 and the property's condition score of 30/100, it may attract families looking for affordable housing, but its fair pricing suggests limited negotiating power. As such, securing long-term tenants might prove challenging in a market that is already fairly priced relative to value.
Low Economic and Tenant Stability Risk Given the economic stability score of 45/100 and tenant stability score of 55/100, there is a significant risk of fluctuating income and potential vacancies affecting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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