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 112 m², built in 2000, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Additional Features: The apartment includes a generous 14 m² storage room, enhancing organization and functionality for residents with active lifestyles or growing families.
The valuation. The asking price of €297,500 is approximately 8.8% below the fair value of €326,261. This positions the property as fairly valued in the current market, making it an attractive option for potential investors.
Fair value modelled at €326,261 from 5 comparable sales in the area. Asking €297,500 sits €28,761 (8.8%) below — the upside to fair value.
Asking €297,500 versus the Pinhal Novo, Palmela, Setúbal area baseline of €298,477 (€2,665/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €298,477, adjusted for condition and micro-location, gives a modelled fair value of €326,261 (€2,913/m²), a €28,761 (8.8%) gap versus the €297,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 829054 | Subject | €297,500 | €2,656 | — | 72 | 51 |
| Pinhal Novo · 19f494 | Active | €335,000 | €2,991 | 12.6% | 70 | 54 |
| Pinhal Novo · 626ffb | Active | €289,000 | €2,651 | 0.2% | 74 | 49 |
| Pinhal Novo · ade5ca | Active | €365,000 | €3,017 | 13.6% | 73 | 58 |
| Pinhal Novo · 6273cd | Active | €335,000 | €2,913 | 9.7% | 70 | 57 |
| Median comp | €335,000 | €2,952 | 11.1% | 72 | 56 |
Long-term rental The property presents a fair investment opportunity for long-term rental, with a gross yield of 3.8% that aligns well with local market expectations. With a fair value of €326,261 and a slight gap, this asset can provide steady income in a suburban area of Pinhal Novo. Value-add renovation While the apartment’s current condition is rated at 75/100, there is potential for value-add renovations to enhance both living quality and rental demand. However, considering the fair valuation, any investment in improvements should be carefully calculated to ensure future profitability and maximize returns in the long term.
Lower Tenant Stability Risk: With a tenant stability score of 45/100, there is a high risk of vacancy, which could lead to decreased rental income and associated financial strain on the property investment.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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