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 79 m², built in 1982, energy rating D. Located on avenida Padre Nabeto, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes a pantry for additional storage and benefits from double glazing, enhancing thermal and acoustic comfort in a tranquil residential setting.
The valuation. The asking price of €278,500 is slightly above the fair value of €261,194, indicating a premium of €17,306 (6.6%). This suggests the property is priced fairly in the current market conditions.
Fair value modelled at €261,194 from 6 comparable sales in the area. Asking €278,500 sits €17,306 (6.6%) above — overpriced versus fair value.
Asking €278,500 versus the avenida Padre Nabeto area baseline of €232,752 (€2,946/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 €232,752, adjusted for condition and micro-location, gives a modelled fair value of €261,194 (€3,306/m²), a €17,306 (6.6%) gap versus the €278,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Padre Nabeto | Subject | €278,500 | €3,525 | — | 68 | 38 |
| Palmela · 0dcf1e | Active | €228,000 | €3,167 | 10.2% | 68 | 48 |
| Setúbal (São Julião, Nossa Senhora da Anunciada e Santa Maria da Graça) · e55520 | Active | €260,000 | €3,250 | 7.8% | 70 | 54 |
| Palmela · 4d43b5 | Active | €228,000 | €3,167 | 10.2% | 70 | 46 |
| Setúbal (São Sebastião) · 8ee59d | Active | €299,000 | €4,211 | 19.5% | 76 | 54 |
| Median comp | €244,000 | €3,209 | 9.0% | 70 | 51 |
Long-term rental This 2-bed apartment in Palmela presents a gross yield of 3.8%, aligning with typical expectations for rural properties, making it a stable investment for long-term tenants. However, the neighbourhood score of 38/100 indicates that tenant quality and demand may be limited, impacting rental stability. Value-add renovation With a condition rating of 65/100, there is potential for value-add through renovation, which could enhance the property's appeal and justification for higher rent. Despite the fair gap of 6.6% compared to its fair value, the lower neighbourhood rating suggests that comprehensive improvements will be necessary to attract higher-quality tenants and justify additional investment. Not ideal for The property is not suitable for short-term vacation rental due to its rural location and lack of amenities, which likely diminishes appeal to a transient market. Additionally, it is not positioned for success in the luxury sector owing to its existing conditions and neighbourhood profile. Not ideal for With a suburban setting derived from agriculture-driven economic activity, the location lacks the vibrant student housing demand seen in urban areas. The combination of the neighbourhood rating and property condition suggests inadequate attractiveness for the student housing market.
Economic Instability Risk The economic stability score of 36/100 indicates a high risk of fluctuating market conditions, which may lead to decreased property value and rental income. Tenant Turnover Risk With a tenant stability score of 39/100, there's a significant risk of high vacancy rates due to potential tenant dissatisfaction or instability, resulting in unpredictable cash flow.
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