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, 2-bathroom apartment of 81 m², energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. The property features a closed balcony offering versatile space potential, ideal for a home office or relaxation area.
The valuation. The asking price of €265,000 is slightly above fair value of €251,100, indicating a discrepancy of €13,900 (5.5%). This property can be considered as fairly priced based on current market conditions.
Fair value modelled at €251,100 from 6 comparable sales in the area. Asking €265,000 sits €13,900 (5.5%) above — overpriced versus fair value.
Asking €265,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €246,238 (€3,040/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €246,238, adjusted for condition and micro-location, gives a modelled fair value of €251,100 (€3,100/m²), a €13,900 (5.5%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 2fcc23 | Subject | €265,000 | €3,272 | — | 70 | 51 |
| Pinhal Novo · 7356a2 | Active | €245,000 | €3,403 | 4.0% | 65 | 48 |
| rua Capitães de Abril, 24B | Active | €240,000 | €3,200 | 2.2% | 58 | 49 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 19.8% | 70 | 53 |
| Pinhal Novo · 652ffe | Active | €265,000 | €3,487 | 6.6% | 75 | 48 |
| Median comp | €255,000 | €3,302 | 0.9% | 68 | 49 |
Long-term rental The 2-bed apartment in Pinhal Novo presents a fair investment opportunity with a gross yield of 3.3%, aligning with the area’s suburban rental market dynamics. Given its condition rating of 67/100 and a neighborhood index of 51/100, the property offers stable rental potential, though the peripheral location may limit yield growth over time. Buy-and-hold While the apartment is valued fairly at €265,000, its appreciation potential may be constrained by the economic conditions in the peripheral Setúbal area. Investors might find that the moderate quality of amenities and housing market in Pinhal Novo does not warrant aggressive long-term growth expectations, making this more of a steady income play than a growth investment.
Tenant turnover risk High tenant turnover is likely due to the low tenant stability score of 55/100, which may lead to increased vacancy rates and higher costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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