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.
4-bedroom, 2-bathroom apartment of 152 m² on the 3rd floor, built in 1985, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes multiple balconies that provide ample outdoor space and enhance natural light throughout the living areas, contributing to an inviting atmosphere.
The valuation. The asking price of €319,500 is positioned below the fair value of €350,147, indicating a reasonable opportunity, with a gap of €30,647 (8.8%). Verdict: fair. Buy-to-flip angle. The buy-and-flip strategy should capitalize on minor updates to fixtures, potentially elevating resale value in a stable market environment. Quick renovations could increase appeal and attract offers above listing price. Buy-to-let angle. With a gross yield currently at 0%, focusing on long-term rental strategies may require moderate upgrades to boost tenant interest, thereby enhancing rental income potential in a remote neighborhood.
Fair value modelled at €350,147 from 6 comparable sales in the area. Asking €319,500 sits €30,647 (8.8%) below — the upside to fair value.
Asking €319,500 versus the Pinhal Novo, Palmela, Setúbal area baseline of €335,684 (€2,208/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 €335,684, adjusted for condition and micro-location, gives a modelled fair value of €350,147 (€2,304/m²), a €30,647 (8.8%) gap versus the €319,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 33bc04 | Subject | €319,500 | €2,102 | — | 70 | 59 |
| Pinhal Novo · f14ce6 | Active | €276,000 | €2,226 | 5.9% | 72 | 55 |
| rua Antero de Quental, 12B | Active | €285,000 | €2,545 | 21.1% | 70 | 58 |
| rua José Afonso | Active | €417,000 | €2,095 | 0.3% | 65 | 55 |
| rua São Francisco Xavier | Active | €249,000 | €2,371 | 12.8% | 72 | 56 |
| Median comp | €280,500 | €2,299 | 9.3% | 71 | 56 |
Long-term rental While the 4-bed apartment in Pinhal Novo is priced at €319,500, it aligns closely with the fair value of €350,147, indicating that it is a fair investment in a stable market. However, the absence of yield and the remote location suggest potential challenges in attracting long-term tenants. Buy-and-hold The property is currently priced fairly with an 8.8% gap to the fair value, reflecting stable investment potential in a modestly performing real estate market. Despite the 0% gross yield and rural context, the long-term appreciation could be considered with adequate market understanding and strategy.
Economic Vulnerability Given an economic stability score of 45/100, this property may face increased risks related to fluctuating market conditions that could negatively impact future tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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