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 100 m², energy rating D. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features a recently renovated interior with a blend of quality finishes and standard materials, ensuring a practical yet aesthetically pleasing living space.
The valuation. The asking price of €275,000 is €22,222 (8.8%) above the fair value of €252,778. This indicates that the property is fairly priced within its market context.
Fair value modelled at €252,778 from 6 comparable sales in the area. Asking €275,000 sits €22,222 (8.8%) above — overpriced versus fair value.
Asking €275,000 versus the Palmela, Palmela, Setúbal area baseline of €222,178 (€2,222/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €222,178, adjusted for condition and micro-location, gives a modelled fair value of €252,778 (€2,528/m²), a €22,222 (8.8%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 80002b | Subject | €275,000 | €2,750 | — | 70 | 51 |
| avenida dos Bombeiros Voluntários de Palmela | Active | €235,000 | €2,374 | 13.7% | 75 | 45 |
| Palmela · 001bc1 | Active | €350,000 | €1,872 | 31.9% | — | 45 |
| Palmela · 374fc7 | Active | €214,500 | €2,750 | 0% | 72 | 52 |
| rua Humberto Cardoso | Active | €269,000 | €2,319 | 15.7% | 65 | 48 |
| Median comp | €252,000 | €2,347 | 14.7% | 72 | 47 |
Long-term rental While the property has a fair value appraisal that is slightly lower than the listing price, the lack of a gross yield indicates that long-term rental returns may be minimal. Additionally, with a neighborhood rating of 51/100, tenant quality may not be optimal for sustained profitability. Value-add renovation Investing in value-add renovations could improve the current condition score of 66/100, potentially increasing appeal in this rural setting. However, the already existing gap to fair value highlights that the potential upside may be limited in this remote location with limited urban amenities. Not ideal for luxury market The property does not cater to the luxury market as evidenced by its average condition and neighborhood rating. Given the agricultural surroundings and basic amenities, high-end buyers are unlikely to find this property appealing. Not ideal for short-term vacation rental Due to the limited urban development in the area, converting this property to a short-term vacation rental would present challenges in attracting transient guests. The lack of amenities and attractions nearby diminishes the viability of this investment strategy.
Economic Vulnerability The low economic stability score of 40/100 indicates a significant risk of economic downturns affecting property value and rental income potential.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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