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 190 m², built in 2025, energy rating A. Located on avenida dos Ferroviários, 24, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a 20 m² balcony, perfect for outdoor dining or relaxation, and boasts multiple built-in and additional wardrobes for exceptional storage capacity.
The valuation. The asking price of €465,000 is above the fair value of €427,213 by €37,787 (8.8%), indicating a fair market position. This suggests potential for stable appreciation without significant immediate negotiation room.
Fair value modelled at €427,213 from 6 comparable sales in the area. Asking €465,000 sits €37,787 (8.8%) above — overpriced versus fair value.
Asking €465,000 versus the avenida dos Ferroviários, 24 area baseline of €343,648 (€1,809/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €343,648, adjusted for condition and micro-location, gives a modelled fair value of €427,213 (€2,248/m²), a €37,787 (8.8%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Ferroviários, 24 | Subject | €465,000 | €2,447 | — | 84 | 59 |
| Pinhal Novo · 5ed06b | Active | €399,000 | €2,478 | 1.3% | 80 | 50 |
| rua Maria Eduarda Ferreira | Active | €389,000 | €2,315 | 5.4% | 72 | 58 |
| praceta do Chefe de Lanço, 98 | Active | €360,000 | €2,449 | 0.1% | 72 | 44 |
| Pinhal Novo · 3d9a52 | Active | €318,500 | €2,182 | 10.9% | 75 | 54 |
| Median comp | €374,500 | €2,382 | 2.7% | 74 | 52 |
Long-term rental The property in Pinhal Novo, with a fair value of €427,213 compared to its listing of €465,000, presents a modest gross yield of 4%. While the apartment's condition is good and it benefits from proximity to Setúbal, the neighbourhood rating of 59/100 highlights some limitations in tenant quality that may affect long-term rental desirability. Buy-and-hold Investing in this property for long-term appreciation could be favorable, given its fair valuation amidst some potential for growth in the suburban residential market. However, the 8.8% gap between the listing price and fair value necessitates careful consideration of the market dynamics before committing to a buy-and-hold strategy.
Economic Viability Risk: With an economic stability score of 55/100, there is a significant risk of local economic downturn impacting 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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