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 107 m², built in 1996, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Unique Feature: This apartment boasts a fully equipped kitchen with contemporary fixtures, enhancing both functionality and aesthetic appeal for culinary enthusiasts. Highlight: Its well-maintained condition minimizes immediate renovation needs, ensuring a smooth transition for new owners.
The valuation. The asking price of €277,000 sits €21,879 (7.3%) below the fair value of €298,879, indicating that the property is priced fairly for the market. Buy-to-flip angle. This property can be flipped for a profit given its good condition and appealing location, potentially attracting buyers seeking updated, modern living spaces. Buy-to-let angle. With an estimated gross yield of 3.6% (€831/month), this apartment presents a viable long-term rental investment, capitalizing on the area’s rural yet growing demand for housing.
Fair value modelled at €298,879 from 6 comparable sales in the area. Asking €277,000 sits €21,879 (7.3%) below — the upside to fair value.
Asking €277,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €272,508 (€2,547/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €272,508, adjusted for condition and micro-location, gives a modelled fair value of €298,879 (€2,793/m²), a €21,879 (7.3%) gap versus the €277,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 80053e | Subject | €277,000 | €2,589 | — | 75 | 57 |
| rua Alvaro Tavares | Active | €249,000 | €2,707 | 4.5% | 75 | 48 |
| rua dos Combatentes da Grande Guerra, 4 | Active | €269,000 | €2,102 | 18.8% | 72 | 44 |
| Pinhal Novo · 652f79 | Active | €288,000 | €2,880 | 11.2% | 72 | 50 |
| Pinhal Novo · 19f494 | Active | €335,000 | €2,991 | 15.5% | 70 | 54 |
| Median comp | €278,500 | €2,794 | 7.9% | 72 | 49 |
Buy-and-hold This 2-bed apartment in Pinhal Novo is priced at €277,000, which is fairly aligned with its fair value of €298,879, indicating a modest potential for appreciation over time. With a gross yield of 3.6% and a neighborhood score of 57/100, it serves as a stable investment in a primarily rural area with agricultural focus. Long-term rental The apartment's fair value proposition suggests it may provide consistent rental income without significant risk of overvaluation, despite a modest gap of 7.3%. Given the stable but rural context of Pinhal Novo, it fits well as a long-term rental property for tenants seeking value in less urbanized areas.
Economic vulnerability The property has a low economic stability score of 40/100, indicating a heightened risk of market fluctuations affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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