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, 0-bathroom apartment of 128 m², built in 2020, energy rating A. Located Palmela parish, Palmela municipality, Setúbal district. Unique Feature: The apartment offers a spacious entrance hall with an integrated pantry, enhancing storage solutions in a modern layout designed for functionality and convenience. Location Bonus: Residents can enjoy exceptional views of the historic Palmela Castle from both the living area and bedroom windows.
The valuation. The asking price of €434,998 is very close to the fair value of €441,371, sitting just €6,373 (1.4%) below it. Verdict: fair. Buy-to-flip angle. The strategy here may involve minor renovations and marketing the property for resale at a competitive price to attract buyers quickly. Buy-to-let angle. With an estimated rental income of €761/month, the gross yield stands at 2.1%, positioning the property well for long-term family rental options.
Fair value modelled at €441,371 from 6 comparable sales in the area. Asking €434,998 sits €6,373 (1.4%) below — the upside to fair value.
Asking €434,998 versus the Palmela, Palmela, Setúbal area baseline of €366,015 (€2,859/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €366,015, adjusted for condition and micro-location, gives a modelled fair value of €441,371 (€3,448/m²), a €6,373 (1.4%) gap versus the €434,998 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 57fd6d | Subject | €434,998 | €3,398 | — | 74 | 52 |
| rua da Guiné | Active | €410,000 | €3,178 | 6.5% | 75 | 45 |
| rua da Guiné | Active | €399,000 | €3,325 | 2.2% | 77 | 46 |
| rua Augusto Cardoso, 16 | Active | €290,000 | €4,143 | 21.9% | 80 | 35 |
| estrada Palmela, 40 | Active | €375,000 | €3,571 | 5.1% | 82 | 49 |
| Median comp | €387,000 | €3,448 | 1.5% | 79 | 46 |
Buy-and-hold The 3-bed apartment in Palmela is currently fairly priced at €434,998, with a fair value assessment of €441,371 indicating a minimal gap of 1.4%. Given its gross yield of 2.1% and a condition score of 76/100, this investment can be considered stable for long-term ownership but lacks significant immediate upside. Long-term rental At a listing price of €434,998, the apartment is accurately valued compared to its fair value of €441,371, suggesting it is not an opportunity for quick equity gain. The gross yield of 2.1% indicates steady rental income, but the neighborhood rating of 52/100 signals limited demand, which may impact tenant retention in the long run. Family rental The property is priced fairly at €434,998, aligning closely with its fair value of €441,371, revealing limited room for improvement in investment returns. Although suitable for families seeking long-term rentals, the low neighborhood rating of 52/100 may discourage demand for this type of accommodation over time.
Economic Vulnerability With an economic stability score of 50/100, there is a high risk of fluctuating market conditions that could impact rental income stability.**
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