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 110 m² on the 2nd floor, built in 2003, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment boasts a cozy living room featuring an attractive stone-lined fireplace, enhancing its appeal for comfortable gatherings, along with a conveniently located attic providing additional storage space.
The valuation. The asking price of €286,000 is €28,954 below the fair value of €314,954, indicating it is fairly priced within the current market landscape. The property is consistent with the average valuations found in the area.
Fair value modelled at €314,954 from 6 comparable sales in the area. Asking €286,000 sits €28,954 (9.2%) below — the upside to fair value.
Asking €286,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €312,597 (€2,842/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €312,597, adjusted for condition and micro-location, gives a modelled fair value of €314,954 (€2,863/m²), a €28,954 (9.2%) gap versus the €286,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 9d28d9 | Subject | €286,000 | €2,600 | — | 62 | 52 |
| rua São Francisco Xavier | Active | €279,000 | €2,268 | 12.8% | 60 | 56 |
| rua 25 de Abril, 60 | Active | €300,000 | €2,632 | 1.2% | 72 | 55 |
| rua Gil Vicente, 6D | Active | €288,000 | €2,824 | 8.6% | 70 | 63 |
| Pinhal Novo · efdcf7 | Active | €299,000 | €2,903 | 11.7% | 66 | 50 |
| Median comp | €293,500 | €2,728 | 4.9% | 68 | 56 |
Buy-and-hold The property in Pinhal Novo is fairly priced at €286,000, reflecting a gap of 9.2% below its fair value of €314,954. However, its location and mediocre neighborhood rating indicate that long-term appreciation may be limited. Long-term rental With a gross yield of 3.8%, this property is positioned to generate steady rental income, though the limited amenities in the area could affect tenant demand. Given its fair valuation, it provides a reasonable investment opportunity for long-term cash flow. Value-add renovation Although the property is rated at 65/100 in condition, which suggests potential for improvement, the fair pricing indicates there is no immediate bargain in executing renovations. Upgrading the apartment could enhance appeal and value, but investors should keep mindful of the surrounding neighborhood's limitations. Not ideal for: Short-term vacation rental, Luxury market, Student housing.
Low Economic Stability Risk The property is at risk due to a low economic stability score of 45/100, which may indicate challenges in the local economy affecting tenant retention and 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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