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 92 m² on the 1st floor, built in 1996, energy rating C. Located on praceta João Coelho Possante, 19, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes an equipped kitchen with sliding interior doors that enhance space efficiency and a sunroom balcony perfect for year-round relaxation.
The valuation. The asking price of €299,000 is significantly above the fair value of €261,143, resulting in an overpricing of €37,857 (14.5%). This makes it a less attractive investment for buyers seeking value. Buy-to-flip angle. A potential resale strategy could involve performing cosmetic renovations to enhance appeal, targeting a resale price that exceeds the current asking price by capitalizing on the apartment's modern finishes. Buy-to-let angle. With an estimated gross yield of 3.1% based on a monthly rental income of €772, this property could serve as a long-term investment through stable rental income, though profitability is moderate given the listing price.
Fair value modelled at €261,143 from 6 comparable sales in the area. Asking €299,000 sits €37,857 (14.5%) above — overpriced versus fair value.
Asking €299,000 versus the praceta João Coelho Possante, 19 area baseline of €230,548 (€2,506/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €230,548, adjusted for condition and micro-location, gives a modelled fair value of €261,143 (€2,839/m²), a €37,857 (14.5%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta João Coelho Possante, 19 | Subject | €299,000 | €3,250 | — | 80 | 55 |
| rua Vasco da Gama | Active | €250,000 | €3,788 | 16.6% | 74 | 58 |
| rua Humberto Delgado | Active | €235,000 | €2,765 | 14.9% | 75 | 51 |
| rua José Saramago, 26 | Active | €260,000 | €2,889 | 11.1% | 70 | 49 |
| Pinhal Novo · 1f36e3 | Active | €399,000 | €4,156 | 27.9% | 74 | 53 |
| Median comp | €255,000 | €3,339 | 2.7% | 74 | 52 |
Long-term rental The property in Pinhal Novo, listed at €299,000, presents a suboptimal yield of 3.1% gross, indicating limited cash flow potential. With a fair value of €261,143, the property is overpriced by 14.5%, making it a less attractive option for long-term investment in the current market conditions. Value-add renovation While the property is well-graded at 78/100 for condition, the 14.5% gap between its listing and fair value suggests that the costs of a renovation may not sufficiently enhance its market positioning. Additionally, given the neighbourhood's overall rating of 55/100, the potential for value appreciation through renovation is questionable, reinforcing the overpriced nature of this investment opportunity.
Weak Economic and Tenant Stability The property has a combined economic and tenant stability score of 55/100, indicating a moderate risk that could lead to inconsistent rental income or potential vacancies.
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