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.
5-bedroom, 3-bathroom house of 258 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Unique Feature: The property includes a fully utilized attic with electricity, providing versatile space for an office or leisure area, enhancing its overall functionality for modern living.
The valuation. The asking price of €515,000 sits €60,964 (10.6%) below the fair value of €575,964, indicating that the property is subvalued in the current market. Buy-to-flip angle. Given the property's average condition, a value-add renovation strategy may allow for a profitable resale at a higher price point. Buy-to-let angle. With an estimated rental income of €2,103 per month, this property offers a gross yield of 4.9%, making it an attractive buy-to-let investment option.
Fair value modelled at €575,964 from 6 comparable sales in the area. Asking €515,000 sits €60,964 (10.6%) below — the upside to fair value.
Asking €515,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €556,811 (€2,158/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €556,811, adjusted for condition and micro-location, gives a modelled fair value of €575,964 (€2,232/m²), a €60,964 (10.6%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · a80be3 | Subject | €515,000 | €1,996 | — | 70 | 44 |
| Palmela · 91127e | Active | €195,000 | €433 | 78.3% | — | 52 |
| rua da Agropecuária S / N | Active | €685,000 | €2,306 | 15.5% | 60 | 50 |
| Pinhal Novo · 49b7fb | Active | €600,000 | €2,239 | 12.2% | — | 43 |
| rua Salgueiro Maia | Active | €449,000 | €2,314 | 15.9% | 55 | 54 |
| Median comp | €524,500 | €2,273 | 13.8% | 58 | 51 |
Long-term rental The property in Pinhal Novo presents a compelling opportunity for long-term rental, given its 4.9% gross yield and a fair value gap of 10.6%. Despite its condition rating of 67/100, the property remains attractive for stable tenants seeking rural housing options. Value-add renovation Engaging in value-add renovations could significantly enhance the property's appeal and rental income potential, as it is currently valued 10.6% below fair market value. The existing condition of 67/100 indicates that with strategic improvements, this investment could yield greater returns when the property aligns more closely with its fair value of €575,964.
High Economic Volatility The property’s low economic stability score of 35/100 indicates a significant risk of downturns in local economic conditions, potentially affecting rental income reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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