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 222 m² on the 2nd floor, energy rating D. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment boasts three private balconies, extending the living space outdoors and enhancing its appeal with additional natural light and views of the surrounding green space.
The valuation. The asking price of €385,000 is significantly lower than the fair value of €487,708, representing an attractive discount of €102,708 (21.1%). This property is positioned below its true market value, making it a favorable opportunity for buyers.
Fair value modelled at €487,708 from 6 comparable sales in the area. Asking €385,000 sits €102,708 (21.1%) below — the upside to fair value.
Asking €385,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €407,466 (€1,835/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €407,466, adjusted for condition and micro-location, gives a modelled fair value of €487,708 (€2,197/m²), a €102,708 (21.1%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 76b133 | Subject | €385,000 | €1,734 | — | 72 | 53 |
| avenida Natália Correia | Active | €399,000 | €1,918 | 10.6% | 70 | 54 |
| rua Joao de Deus, 2 | Active | €250,000 | €1,938 | 11.7% | 70 | 53 |
| avenida Natália Correia S / N | Active | €450,000 | €2,184 | 26.0% | 70 | 48 |
| Pinhal Novo · 89e690 | Active | €525,000 | €2,408 | 38.9% | 75 | 54 |
| Median comp | €424,500 | €2,061 | 18.8% | 70 | 54 |
Family rental This 3-bed apartment in Pinhal Novo presents an attractive investment opportunity for family rentals, given its fair value of €487,708 compared to the listing price of €385,000, representing a 21.1% gap. Despite a moderate housing demand and basic amenities requiring car access, the promising yield of 4.6% makes the property suitable for long-term family tenants seeking space and affordability. Long-term rental With a competitive price point below its fair value, this apartment can effectively serve the long-term rental market, appealing to tenants prioritizing size and price over location. Although the neighborhood's amenities are basic, the property's yield of 4.6% indicates a strong potential for steady returns in a stable rental environment.
Economic and Tenant Instability The combined scores of 50 for economic stability and 55 for tenant stability indicate a high risk of fluctuations in property demand and rental income, suggesting potential difficulties in maintaining consistent occupancy rates and cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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