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 149 m², built in 2002, energy rating E. Located Quinta do Anjo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment boasts a sunroom with thermal break double glazing, enhancing energy efficiency and providing a year-round bright, usable space for relaxation or entertainment.
The valuation. The asking price of €380,000 sits €34,558 (10%) above the fair value of €345,442, indicating the property is fairly valued. Although not a bargain, it offers an opportunity for prudent buyers. Buy-to-flip angle. The resale strategy could involve modern renovations to enhance appeal, potentially flipping the property for a profit aligned with market trends. Targeting the upper price range may yield substantial returns given the quality finishes. Buy-to-let angle. With a gross yield of 3.5%, the estimated rental income of €1,108/month provides a steady return on investment, making it suitable for long-term rental. The property’s condition and features can attract reliable tenants.
Fair value modelled at €345,442 from 6 comparable sales in the area. Asking €380,000 sits €34,558 (10.0%) above — overpriced versus fair value.
Asking €380,000 versus the Quinta do Anjo, Palmela, Setúbal area baseline of €279,279 (€1,874/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €279,279, adjusted for condition and micro-location, gives a modelled fair value of €345,442 (€2,318/m²), a €34,558 (10.0%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quinta do Anjo · 0c05ad | Subject | €380,000 | €2,550 | — | 80 | 49 |
| Quinta do Anjo · 622970 | Active | €325,000 | €2,196 | 13.9% | 80 | 56 |
| Quinta do Anjo · 15e321 | Active | €359,000 | €2,301 | 9.8% | 75 | 60 |
| praceta Antero de Quental | Active | €355,000 | €2,336 | 8.4% | 70 | 47 |
| Quinta do Anjo · f5eabf | Active | €349,900 | €3,069 | 20.3% | 73 | 51 |
| Median comp | €352,450 | €2,319 | 9.1% | 74 | 54 |
Long-term rental This property offers a 3.5% gross yield, which is reasonable in light of its price of €380,000 against a fair value of €345,442. However, with a neighbourhood rating of only 49/100, potential tenant quality may be compromised, limiting rental stability. Buy-and-hold The current listing price reflects a 10.0% gap compared to fair value, suggesting that while it's in line with market expectations, significant appreciation may not be forthcoming given the rural context and limited amenities. The property's condition rating of 81/100 is acceptable, but the overall demographic and economic profile of Palmela suggests that long-term value growth could be limited.
High Economic Risk The property's low economic stability score of 35/100 indicates a significant risk of fluctuations in market conditions that could adversely affect rental income and property value.
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