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 95 m² on the 3rd floor, built in 2003, energy rating E. Located on praceta Timor Loro-Sae, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes a closed fireplace in the living room for added coziness and an attic storage space of 12 m² for ample storage needs.
The valuation. The asking price of €285,000 is positioned above the fair value of €261,608 by €23,392 (8.9%). This suggests that while the property is within a reasonable range, it is not a bargain. Buy-to-flip angle. The potential for a resale strategy lies in implementing value-add renovations to enhance appeal and marketability, capitalizing on the quality finishes present. A targeted investment could yield profitable returns upon resale. Buy-to-let angle. With an estimated gross yield of 3.8% based on monthly rental income of €902, the property has potential as a buy-to-let investment. The rental strategy would benefit from its solid location in a rural area focused on agriculture.
Fair value modelled at €261,608 from 6 comparable sales in the area. Asking €285,000 sits €23,392 (8.9%) above — overpriced versus fair value.
Asking €285,000 versus the praceta Timor Loro-Sae area baseline of €241,458 (€2,542/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting 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 €241,458, adjusted for condition and micro-location, gives a modelled fair value of €261,608 (€2,754/m²), a €23,392 (8.9%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Timor Loro-Sae | Subject | €285,000 | €3,000 | — | 74 | 49 |
| Pinhal Novo · 38b812 | Active | €319,500 | €2,731 | 9.0% | 73 | 55 |
| rua Dom Sancho I | Active | €240,000 | €2,353 | 21.6% | 65 | 53 |
| Pinhal Novo · 652f79 | Active | €288,000 | €2,880 | 4.0% | 72 | 50 |
| rua Vasco da Gama S / N | Active | €274,900 | €2,777 | 7.4% | 67 | 55 |
| Median comp | €281,450 | €2,754 | 8.2% | 70 | 54 |
Long-term rental This 2-bed apartment in Pinhal Novo offers a gross yield of 3.8%, aligning with rental expectations in the area. However, given its fair valuation status, the potential for significant returns through long-term rental is limited at this price point. Value-add renovation Although the current condition rating of 74/100 indicates decent livability, there may be opportunities to enhance the apartment's appeal through targeted renovations. Nonetheless, the fair valuation suggests that any potential increases in value might not exceed the costs invested in improvements. Buy-and-hold Holding this property for the long term could provide stability and passive income, but with a fair market value and limited growth potential, it may not yield the best investment returns. The agricultural focus of the Alentejo region further limits the promise of future appreciation for this asset. Not ideal for: The property does not cater well to the student housing market or any luxury housing demands, and short-term vacation rentals would likely struggle to generate competitive returns.
High Economic Risk The economic stability score of 35/100 indicates significant potential for instability in rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
