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 133 m², built in 2006, energy rating E. Located on rua Amélia Rey Colaço, 3, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a substantial 27 m² terrace perfect for outdoor gatherings, along with an individual 25 m² storage space, enhancing overall convenience and functionality.
The valuation. The asking price of €410,000 sits 7.3% above the fair value of €382,195, which indicates that the property is priced fairly. This positioning allows for some negotiation flexibility without deviating from market expectations.
Fair value modelled at €382,195 from 6 comparable sales in the area. Asking €410,000 sits €27,805 (7.3%) above — overpriced versus fair value.
Asking €410,000 versus the rua Amélia Rey Colaço, 3 area baseline of €345,902 (€2,601/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 €345,902, adjusted for condition and micro-location, gives a modelled fair value of €382,195 (€2,874/m²), a €27,805 (7.3%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Amélia Rey Colaço, 3 | Subject | €410,000 | €3,083 | — | 75 | 41 |
| rua Manuel Verissimo da Silva, 5 | Active | €340,000 | €2,720 | 11.8% | 73 | 47 |
| rua Maria Eduarda Ferreira | Active | €335,100 | €2,578 | 16.4% | 82 | 53 |
| Pinhal Novo · 6fbc18 | Active | €340,000 | €2,906 | 5.7% | 70 | 46 |
| rua 7 Fevereiro | Active | €299,900 | €2,884 | 6.5% | 70 | 55 |
| Median comp | €337,550 | €2,802 | 9.1% | 72 | 50 |
Long-term rental The 3-bed apartment in Pinhal Novo offers a reasonable yield of 3.1%, making it a stable choice for long-term rental investment despite a limited neighborhood rating of 41/100. However, with only a fair value of €382,195 compared to the listing price of €410,000, the investment does not present an attractive margin for long-term returns. Buy-and-hold Acquiring this property for a buy-and-hold strategy may yield modest returns given the apartment’s condition rating of 76/100 and the neighborhood's economic constraints. Priced fairly at €410,000, investors should consider the potential for appreciation against the backdrop of a strong rural agricultural influence and limited amenities, which may restrict property value growth over time.
Low Demand Risk The low economic stability score of 35/100 and tenant stability score of 45/100 indicate a weaker local rental market, potentially leading to higher vacancy rates and decreased 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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