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 country_house of 154 m². Located on rua Manuel Maria Barbosa Du Bocage, Pinhal Novo parish, Palmela municipality, Setúbal district. This property features a water well for irrigation, enhancing its potential for gardening or landscaping while also providing sustainable water access.
The valuation. The asking price of €595,000 sits just above the fair value of €562,686, indicating a premium of €32,314 or 5.7%. This positions the property at a fair valuation considering the local market conditions.
Fair value modelled at €562,686 from 6 comparable sales in the area. Asking €595,000 sits €32,314 (5.7%) above — overpriced versus fair value.
Asking €595,000 versus the rua Manuel Maria Barbosa Du Bocage area baseline of €568,333 (€3,690/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €568,333, adjusted for condition and micro-location, gives a modelled fair value of €562,686 (€3,654/m²), a €32,314 (5.7%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Maria Barbosa Du Bocage | Subject | €595,000 | €3,864 | — | 65 | 49 |
| Pinhal Novo · 468094 | Active | €465,000 | €3,207 | 17.0% | — | 53 |
| Palmela · 4a81f8 | Active | €570,000 | €4,101 | 6.1% | 50 | 54 |
| Pinhal Novo · f5ec05 | Active | €620,000 | €5,439 | 40.8% | 70 | 52 |
| rua da Alfazema, 61 | Active | €180,000 | €1,800 | 53.4% | — | 53 |
| Median comp | €517,500 | €3,654 | 5.4% | 60 | 53 |
Long-term rental The property in Pinhal Novo presents a gross yield of 2.4%, which is relatively modest given the fair value of €562,686. The semi-rural setting and limited neighborhood amenities suggest that attracting tenants may be challenging, reflecting a strategic caution for long-term rental investments in this area. Value-add renovation With a condition rating of 63/100, there is potential for improvement through value-add renovations that can enhance both the property’s appeal and rental potential. However, considering the fair market value aligns closely with the listing price, the return on investment from renovations may not offset the initial high cost of purchase. Short-term vacation rental Given the property’s location in a semi-rural environment and the neighborhood's low rating of 49/100, it is not well-suited for short-term vacation rentals. The lack of appealing amenities and attractions is likely to deter potential guests, making this strategy unviable. Luxury market The current valuation places the property at €595,000, which does not align with the expectations of the luxury market due to its peripheral location and neighborhood limitations. The combined factors of economic constraints and basic amenities indicate that it may struggle to attract buyers or tenants seeking luxury accommodations.
Economic Volatility Risk With an economic stability score of 45/100, the property may be subject to significant fluctuations that can impact rental income and tenant retention negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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