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, 0-bathroom apartment of 111 m² on the 3rd floor, built in 2001, energy rating E. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment boasts a spacious living room with a cozy fireplace and large windows that enhance the abundant natural light flowing throughout the space.
The valuation. The asking price of €269,900 sits significantly below the fair value of €308,221, indicating a potential gain of €38,321 (12.4%). This property is thus considered subvalued in the current market context.
Fair value modelled at €308,221 from 5 comparable sales in the area. Asking €269,900 sits €38,321 (12.4%) below — the upside to fair value.
Asking €269,900 versus the Pinhal Novo, Palmela, Setúbal area baseline of €276,756 (€2,493/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €276,756, adjusted for condition and micro-location, gives a modelled fair value of €308,221 (€2,777/m²), a €38,321 (12.4%) gap versus the €269,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 133b49 | Subject | €269,900 | €2,432 | — | 74 | 53 |
| Pinhal Novo · 38b812 | Active | €319,500 | €2,731 | 12.3% | 73 | 55 |
| Pinhal Novo · 652f79 | Active | €288,000 | €2,880 | 18.4% | 72 | 50 |
| praceta Timor Loro-Sae | Active | €285,000 | €3,000 | 23.4% | 74 | 49 |
| rua Vasco da Gama S / N | Active | €274,900 | €2,777 | 14.2% | 67 | 55 |
| Median comp | €286,500 | €2,829 | 16.3% | 73 | 53 |
Long-term rental This 2-bed apartment in Pinhal Novo offers a fair value of €308,221 against a listing price of €269,900, indicating an advantageous investment opportunity. With a gross yield of 3.6% and a decent condition rating of 77/100, it is well-suited for a stable long-term rental strategy. Buy-and-hold The apartment's current pricing represents a 12.4% gap from its fair value, making it an attractive buy-and-hold prospect in the Alentejo region. The neighborhood rating of 53/100 suggests opportunities for gradual appreciation, allowing for potential future growth in property value over time.
Low Economic Growth Risk With an economic stability score of 45/100, the property may face increased vacancy rates and rental income instability due to a weak local economy.
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
