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, 0-bathroom house of 258 m², built in 1984, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The property boasts a fully utilized attic with electrical installations, ideal for an office or leisure area, plus a private backyard with a versatile 30 m² annex.
The valuation. The asking price of €515,000 is below fair value of €595,051, creating a discrepancy of €80,051 (13.5%). This indicates the property is subvalued in the current market.
Fair value modelled at €595,051 from 5 comparable sales in the area. Asking €515,000 sits €80,051 (13.5%) below — the upside to fair value.
Asking €515,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €568,038 (€2,202/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €568,038, adjusted for condition and micro-location, gives a modelled fair value of €595,051 (€2,306/m²), a €80,051 (13.5%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · cc9c82 | Subject | €515,000 | €1,996 | — | 70 | 58 |
| Pinhal Novo · 6d54a7 | Active | €575,000 | €2,396 | 20.0% | 65 | 43 |
| Pinhal Novo · 439321 | Active | €325,000 | €2,226 | 11.5% | — | 63 |
| rua Salgueiro Maia | Active | €449,000 | €2,314 | 15.9% | 55 | 54 |
| rua da Alfazema, 61 | Active | €180,000 | €1,800 | 9.8% | — | 53 |
| Median comp | €387,000 | €2,270 | 13.7% | 60 | 54 |
Long-term rental The property’s fair value of €595,051 indicates it is subvalorizada at €515,000, providing an attractive opportunity for long-term rental investments in a region near Setúbal. With a gross yield of 4.9%, this investment offers a promising return while capitalizing on the potential for appreciation as the market develops. Buy-and-hold Given the current listing price of €515,000 versus its fair value estimate of €595,051, the property presents a compelling case for a buy-and-hold strategy in Pinhal Novo, Palmela. As the neighborhood evolves and economic conditions improve, holding this asset could yield significant benefits and increased future value, leveraging the identified gap of 13.5% for future growth.
Economic Vulnerability With an economic stability score of 50/100, the property may face increased risks from economic downturns, potentially affecting 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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