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 76 m², built in 1977, energy rating C. Located on estrada da Baixa de Palmela, 120, Palmela parish, Palmela municipality, Setúbal district. The property benefits from a central location in Setúbal, providing immediate access to local shops, transport, and vibrant community services.
The valuation. The asking price of €300,000 is significantly above the fair value of €235,118, indicating an overpriced property by €64,882 (27.6%). This gap suggests potential challenges in achieving a favorable investment outcome.
Fair value modelled at €235,118 from 6 comparable sales in the area. Asking €300,000 sits €64,882 (27.6%) above — overpriced versus fair value.
Asking €300,000 versus the estrada da Baixa de Palmela, 120 area baseline of €205,153 (€2,699/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 €205,153, adjusted for condition and micro-location, gives a modelled fair value of €235,118 (€3,094/m²), a €64,882 (27.6%) gap versus the €300,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Baixa de Palmela, 120 | Subject | €300,000 | €3,947 | — | 70 | 58 |
| praceta Manuel Nunes de Almeida, 42 | Active | €360,000 | €3,396 | 14.0% | 65 | 56 |
| rua António Carvalho Serra | Active | €238,000 | €2,559 | 35.2% | 70 | 53 |
| rua Nossa Senhora Carmo, 26 | Active | €279,900 | €3,635 | 7.9% | 75 | 55 |
| Palmela · be9687 | Active | €275,000 | €2,778 | 29.6% | 72 | 46 |
| Median comp | €277,450 | €3,087 | 21.8% | 71 | 54 |
Long-term rental The property is priced at €300,000, which is 27.6% above its fair value of €235,118, making it an overpriced asset for long-term rental strategies. With a gross yield of 0% and a neighborhood rating of 58/100, the return potential appears minimal and unattractive for investors. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable given its current price of €300,000 compared to a fair value of €235,118, indicating it is overpriced by 27.6%. The 67/100 condition rating does not compensate for the lack of yield and the limited appeal of the surrounding neighborhood. Not ideal for Short-term vacation rental The property’s premium listing price of €300,000, significantly above its fair value of €235,118, places it within the overpriced category, making it unsuitable for short-term vacation rental strategies. Additionally, with a 0% gross yield and a neighborhood score of 58/100, the market fails to generate adequate demand for this rental approach. Not ideal for Luxury market At €300,000, the apartment exceeds its fair value of €235,118 by 27.6%, thereby categorizing it as overpriced and inappropriate for luxury market positioning. Coupled with a poor gross yield of 0% and an average neighborhood rating of 58/100, this property lacks the characteristics necessary to attract high-end buyers or renters.
Economic Vulnerability The economic stability score of 55/100 indicates a potential risk of downturn in local market conditions, which may lower demand for rental properties.
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