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.
2-bedroom, 1-bathroom apartment of 90 m², built in 2002, energy rating E. Located on avenida Rainha Dona Leonor, 4, Palmela parish, Palmela municipality, Setúbal district. This apartment features a raised ground floor setting which provides enhanced privacy and unobstructed views, making it particularly appealing for those seeking a comfortable living environment.
The valuation. The asking price of €305,000 sits €11,188 (3.8%) above the fair value of €293,813, indicating that the property is fairly priced. This price reflects the standard condition and materials used throughout the apartment.
Fair value modelled at €293,813 from 6 comparable sales in the area. Asking €305,000 sits €11,188 (3.8%) above — overpriced versus fair value.
Asking €305,000 versus the avenida Rainha Dona Leonor, 4 area baseline of €264,900 (€2,943/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €264,900, adjusted for condition and micro-location, gives a modelled fair value of €293,813 (€3,265/m²), a €11,188 (3.8%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Rainha Dona Leonor, 4 | Subject | €305,000 | €3,389 | — | 68 | 52 |
| Palmela · 4d43b5 | Active | €228,000 | €3,167 | 6.6% | 70 | 46 |
| Palmela · 0dcf1e | Active | €228,000 | €3,167 | 6.6% | 68 | 48 |
| Palmela · 93852d | Active | €260,000 | €3,377 | 0.4% | 74 | 48 |
| Palmela · 9387e9 | Active | €269,000 | €3,363 | 0.8% | 72 | 45 |
| Median comp | €244,000 | €3,265 | 3.7% | 71 | 47 |
Long-term rental The 2-bed apartment in Palmela is reasonably priced at its listing of €305,000, representing a gap of only 3.8% above the fair value of €293,813. With a gross yield of 3.2%, it offers stable returns, though the neighbourhood's lower score of 52/100 may limit tenant demand. Buy-and-hold Investing in this property as a long-term hold is justifiable, given its fair valuation and potential for modest appreciation over time. However, the agricultural context and limited local development suggest that significant value increases may be constrained, maintaining a cautious outlook on return potential.
High Economic Risk With an economic stability score of 35/100, there is a significant risk that economic downturns could adversely affect the property's value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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