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 138 m² on the 1st floor, built in 2003, energy rating C. Located on rua Alexandre O'Neill, Quinta do Anjo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment features high-quality finishes throughout and benefits from excellent natural light due to its first-floor position and generous balcony space, enhancing outdoor living. Citação:"Excelente oportunidade para famílias à procura de espaço e qualidade de vida na tranquilidade de um bairro familiar, perto da natureza."
The valuation. The asking price of €340,000 is 6.3% above the fair value of €319,940. This valuation indicates that the property is fairly priced within the current market context.
Fair value modelled at €319,940 from 6 comparable sales in the area. Asking €340,000 sits €20,060 (6.3%) above — overpriced versus fair value.
Asking €340,000 versus the rua Alexandre O'Neill area baseline of €282,174 (€2,045/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 €282,174, adjusted for condition and micro-location, gives a modelled fair value of €319,940 (€2,318/m²), a €20,060 (6.3%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alexandre O'Neill | Subject | €340,000 | €2,464 | — | 74 | 42 |
| Quinta do Anjo · 15e321 | Active | €359,000 | €2,301 | 6.6% | 75 | 60 |
| Quinta do Anjo · 622970 | Active | €325,000 | €2,196 | 10.9% | 80 | 56 |
| rua Gil Eanes, 6 | Active | €320,000 | €2,388 | 3.1% | 77 | 47 |
| praceta Antero de Quental | Active | €355,000 | €2,336 | 5.2% | 70 | 47 |
| Median comp | €340,000 | €2,319 | 5.9% | 76 | 52 |
Value-add renovation The apartment's current condition rating of 77/100 suggests room for improvement, making a value-add renovation strategy appealing to enhance both property value and tenant attraction. However, the fair valuation indicates that the property is priced at market value, limiting immediate upside potential. Long-term rental With a gross yield of 3.5%, the property offers a modest return for long-term rental but aligns with the local demand driven by Setúbal's industrial influence area. Given that the property is fairly priced, rental management should focus on maintaining quality to attract stable tenants. Buy-and-hold Holding this asset in the long term could provide steady cash flow, especially with the ongoing stability of the Setúbal housing market due to nearby employment opportunities. Nonetheless, as the property is fairly valued, investors should be mindful of market fluctuations that could impact appreciation rates.
Economic and Tenant Instability The low economic stability score of 40/100 combined with a tenant stability score of 40/100 indicates a heightened risk of vacancies and unpaid rent, potentially leading to significant financial losses.
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