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 70 m² on the 2nd floor, built in 1995, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment's balcony windows enhance natural light and outdoor access, while the planned facade renovations offer future aesthetic improvements and value appreciation.
The valuation. The asking price of €265,000 is significantly above the fair value of €210,611, indicating an overpricing of €54,389 (25.8%). This price suggests a cautious approach for potential buyers. Buy-to-flip angle. The resale strategy would focus on improving aesthetics and modernizing dated decor, aiming for a profitable quick turn in the current market. Targeting a price closer to fair value post-renovations could greatly enhance returns. Buy-to-let angle. Utilizing a long-term rental strategy, the estimated monthly rental income of €751 yields a gross return of 3.4%. This stable income may appeal to investors seeking steady cash flow in a rural setting.
Fair value modelled at €210,611 from 6 comparable sales in the area. Asking €265,000 sits €54,389 (25.8%) above — overpriced versus fair value.
Asking €265,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €204,984 (€2,928/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €204,984, adjusted for condition and micro-location, gives a modelled fair value of €210,611 (€3,009/m²), a €54,389 (25.8%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 5b85f4 | Subject | €265,000 | €3,786 | — | 70 | 54 |
| Pinhal Novo · f14cfd | Active | €275,000 | €3,767 | 0.5% | 75 | 49 |
| Pinhal Novo · 8ee6da | Active | €240,000 | €2,697 | 28.8% | 62 | 46 |
| rua 7 Fevereiro | Active | €219,000 | €3,129 | 17.4% | 65 | 49 |
| Pinhal Novo · 1f36e3 | Active | €399,000 | €4,156 | 9.8% | 74 | 53 |
| Median comp | €257,500 | €3,448 | 8.9% | 70 | 49 |
Long-term rental Given that the property is listed at €265,000, which is 25.8% above its fair value of €210,611, it is overpriced for long-term rental prospects. The 3.4% gross yield in such a lower economic activity area further indicates limited potential for rental income growth. Buy-and-hold While the property could be held for future appreciation, its current listing price significantly exceeds fair value, rendering it a less attractive buy-and-hold investment. The rural setting and a neighbourhood score of 54/100 may limit capital appreciation and investor interest, establishing a riskier proposition for long-term gains.
Weak economic performance The economic stability score of 40/100 indicates a potential risk of declining property values or rental income due to unfavorable local economic conditions.
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