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 61 m² on the 1st floor, built in 2001, energy rating C. Located Palmela parish, Palmela municipality, Setúbal district. This apartment features a private balcony that enhances outdoor living space and offers a direct view of the surrounding residential area, adding a touch of tranquility.
The valuation. The asking price of €255,000 is significantly above the fair value of €199,140, representing a premium of €55,860 (28.1%). This indicates that the property is overpriced.
Fair value modelled at €199,140 from 6 comparable sales in the area. Asking €255,000 sits €55,860 (28.1%) above — overpriced versus fair value.
Asking €255,000 versus the Palmela, Palmela, Setúbal area baseline of €191,931 (€3,146/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €191,931, adjusted for condition and micro-location, gives a modelled fair value of €199,140 (€3,265/m²), a €55,860 (28.1%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · 9d28e7 | Subject | €255,000 | €4,180 | — | 62 | 48 |
| Palmela · 96c346 | Active | €225,000 | €3,462 | 17.2% | — | 40 |
| Palmela · 0dcf1e | Active | €228,000 | €3,167 | 24.2% | 68 | 48 |
| Palmela · 4bc62c | Active | €180,000 | €2,687 | 35.7% | 65 | 39 |
| Palmela · 4d43b5 | Active | €228,000 | €3,167 | 24.2% | 70 | 46 |
| Median comp | €226,500 | €3,167 | 24.2% | 68 | 43 |
Long-term rental The 2-bed apartment in Palmela is priced at €255,000, 28.1% above its fair market value of €199,140, indicating a lack of investment appeal for long-term rental strategies. With a low gross yield of 2.8% and a neighborhood score of 48, the property is unlikely to attract quality tenants over an extended period. Family rental Pricing this apartment at €255,000 fails to align with its fair value of €199,140, resulting in a significant overpricing situation that diminishes its attractiveness for family rentals. Beyond the unattractive yield of 2.8%, the neighborhood's score of 48 suggests limited amenities and tenant quality, making it a less desirable option for families seeking long-term accommodations.
Economic vulnerability The low economic stability score of 35/100 indicates a higher risk for potential downturns, which could adversely affect 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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