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, 1-bathroom apartment of 78 m² on the 3rd floor, energy rating D. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The property benefits from a cozy living room enhanced by a fireplace and a private balcony, perfect for enjoying the serene views of the surrounding area.
The valuation. The asking price of €214,500 is positioned above its fair value of €197,167 by €17,333 (8.8%). This indicates the property is priced fairly within the current market context.
Fair value modelled at €197,167 from 6 comparable sales in the area. Asking €214,500 sits €17,333 (8.8%) above — overpriced versus fair value.
Asking €214,500 versus the Palmela, Palmela, Setúbal area baseline of €178,345 (€2,286/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €178,345, adjusted for condition and micro-location, gives a modelled fair value of €197,167 (€2,528/m²), a €17,333 (8.8%) gap versus the €214,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 374fc7 | Subject | €214,500 | €2,750 | — | 72 | 52 |
| Palmela · 001bc1 | Active | €350,000 | €1,872 | 31.9% | — | 45 |
| rua Maestro Ferrer Trindade, 132 | Active | €295,000 | €2,682 | 2.5% | 74 | 46 |
| rua da Serrinha, 11 | Active | €359,000 | €2,244 | 18.4% | 74 | 48 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 13.7% | 75 | 45 |
| Median comp | €322,500 | €2,309 | 16.0% | 74 | 46 |
Long-term rental The property offers a gross yield of 4.2%, which is reasonable for the Palmela area, backed by Setúbal's economic support. However, the location near industrial zones and the neighbourhood score of 52/100 may impact the attractiveness for potential long-term tenants. Value-add renovation While the apartment is in decent condition with a score of 68/100, there is an opportunity for value-add renovations to enhance its appeal and justify a higher rental rate. The fair valuation suggests that any renovation investments need to be carefully assessed to ensure the property remains a sound investment. Family rental With three bedrooms, this apartment is suitable for family rentals, catering to a demographic seeking space. However, its placement in a less desirable neighbourhood with a score of 52/100 may limit the demand from families, especially in comparison to better-located alternatives.
Economic decline risk The economic stability score of 60/100 suggests potential vulnerability to market fluctuations, coupled with a low tenant stability score of 45/100 indicating high turnover, which could lead to increased vacancy rates and rental income uncertainty.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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