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 86 m², built in 1972, energy rating E. Located on avenida Rainha Dona Leonor, Palmela parish, Palmela municipality, Setúbal district. Notable Feature: The apartment boasts a sunroom with a dedicated laundry area and a balcony offering unobstructed views, including glimpses of Lisbon, enhancing its appeal and functionality.
The valuation. The asking price of €289,500 is very close to the fair value of €287,211, sitting just €2,289 (0.8%) above it. This assessment indicates that the property is priced fairly in the current market.
Fair value modelled at €287,211 from 6 comparable sales in the area. Asking €289,500 sits €2,289 (0.8%) above — overpriced versus fair value.
Asking €289,500 versus the avenida Rainha Dona Leonor area baseline of €236,328 (€2,748/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €236,328, adjusted for condition and micro-location, gives a modelled fair value of €287,211 (€3,340/m²), a €2,289 (0.8%) gap versus the €289,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Rainha Dona Leonor | Subject | €289,500 | €3,366 | — | 75 | 45 |
| Palmela · 93852d | Active | €260,000 | €3,377 | 0.3% | 74 | 48 |
| estrada nacional de Aires | Active | €239,000 | €2,915 | 13.4% | 74 | 49 |
| Palmela · 83174d | Active | €335,000 | €3,317 | 1.5% | 73 | 49 |
| avenida da Liberdade, 22 | Active | €335,000 | €3,045 | 9.5% | 75 | 47 |
| Median comp | €297,500 | €3,181 | 5.5% | 74 | 49 |
Buy-and-hold This property in Palmela is fairly priced with a slight gap to fair value at 0.8%, yielding a gross return of 3.3%. The rural location offers stability with a low crime rate, but the limited amenities and below-average neighborhood score suggest modest long-term appreciation potential. Value-add renovation Although currently in fair condition with a score of 77/100, this apartment could benefit from tasteful renovations to enhance its appeal. However, given the neighborhood's rating of 45/100, the return on investment might not be as compelling in light of the area's agricultural focus and sparse population. Not ideal for This property is not suitable for short-term vacation rentals due to its rural setting, which may deter high turnover demand. Moreover, it is unlikely to attract students or appeal to the luxury market given its overall rating and neighborhood characteristics.
High Economic Risk The low economic stability score of 35/100 indicates a significant risk of market downturns that may impact rental income and property values.
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