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 129 m² on the 2nd floor, built in 2003, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment features a spacious living room with a fireplace and recessed lighting, enhancing the ambiance for family gatherings and relaxation. Additional Benefit: Its proximity to the Pinhal Novo train station provides direct access to Lisbon and Setúbal, ensuring convenient commuting options.
The valuation. The asking price of €384,900 sits €33,046 (9.4%) above the fair value of €351,854. This property is evaluated as fair, indicative of a balanced marketplace without significant upward or downward pressures on pricing.
Fair value modelled at €351,854 from 6 comparable sales in the area. Asking €384,900 sits €33,046 (9.4%) above — overpriced versus fair value.
Asking €384,900 versus the Pinhal Novo, Palmela, Setúbal area baseline of €332,910 (€2,581/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €332,910, adjusted for condition and micro-location, gives a modelled fair value of €351,854 (€2,728/m²), a €33,046 (9.4%) gap versus the €384,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 33bc56 | Subject | €384,900 | €2,984 | — | 70 | 50 |
| urbanização Vila S | Active | €406,000 | €1,742 | 41.6% | 70 | 52 |
| rua Dom Francisco de Almeida, 23 | Active | €311,000 | €2,613 | 12.4% | 65 | 47 |
| rua 25 de Abril, 60 | Active | €300,000 | €2,632 | 11.8% | 72 | 55 |
| Pinhal Novo · d7498b | Active | €279,900 | €3,010 | 0.9% | 75 | 58 |
| Median comp | €305,500 | €2,623 | 12.1% | 71 | 54 |
Long-term rental The property offers a gross yield of 2.8%, which aligns with average returns in the area, but it does not present a compelling investment opportunity given its fair valuation. Considering the semi-rural location and moderate neighborhood condition score of 50/100, long-term rental prospects may be limited. Value-add renovation With a condition rating of 71/100, there is potential for improvements, but the existing fair value of €384,900 suggests that any renovation efforts may not yield significant returns on investment. The modest yield further complicates the attractiveness of pursuing a value-add strategy in this market context.
Economic volatility risk With an economic stability score of 50/100, there is a heightened risk of fluctuations in income and expenses that could impact overall property profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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