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. This apartment features a living room with a cozy fireplace and an attic storage area, enhancing its functionality and charm despite the ongoing renovations.
The valuation. The asking price of €355,000 sits €24,045 (6.3%) below the fair value of €379,045, indicating that the property is fairly valued in the current market context.
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 €437,953 (€2,670/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 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 €437,953, 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 · 83185d | Subject | €355,000 | €2,165 | — | 30 | 48 |
| rua Febo Moniz | Active | €298,000 | €2,346 | 8.4% | 42 | 55 |
| avenida Natália Correia | Active | €437,000 | €2,276 | 5.1% | 65 | 59 |
| Pinhal Novo · 6530a8 | Active | €431,000 | €2,854 | 31.9% | 60 | 48 |
| avenida Natália Correia | Active | €399,000 | €2,100 | 3.0% | 55 | 57 |
| Median comp | €415,000 | €2,311 | 6.8% | 58 | 56 |
Long-term rental This property in Pinhal Novo presents a stable, but low yield opportunity for long-term rental, given its fair market value alignment with listing price. However, the rural nature and basic amenities indicate limited tenant demand, making it a less attractive investment. Value-add renovation While the property holds a fair valuation, the current condition rating of 43/100 suggests potential for value-add renovations to increase both market appeal and rental yield. Nevertheless, its location's agricultural focus and lower neighborhood ratings may still pose challenges in achieving substantial uplift.
High Economic Risk The property has a low economic stability score of 35/100, indicating potential vulnerabilities in the local economy that may impact its performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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