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 138 m² on the 1st floor, built in 2003, energy rating C. Located Quinta do Anjo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment offers easy access to natural attractions, with the picturesque Serra da Arrábida and stunning beaches only minutes away, enriching family life and leisure activities.
The valuation. The asking price of €340,000 sits €17,697 (5.5%) above the fair value of €322,303. This property is priced fairly given its location and condition in the market.
Fair value modelled at €322,303 from 5 comparable sales in the area. Asking €340,000 sits €17,697 (5.5%) above — overpriced versus fair value.
Asking €340,000 versus the Quinta do Anjo, Palmela, Setúbal area baseline of €260,250 (€1,886/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €260,250, adjusted for condition and micro-location, gives a modelled fair value of €322,303 (€2,336/m²), a €17,697 (5.5%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quinta do Anjo · 76b1dd | Subject | €340,000 | €2,464 | — | 78 | 46 |
| Quinta do Anjo · 15e321 | Active | €359,000 | €2,301 | 6.6% | 75 | 60 |
| Quinta do Anjo · 622970 | Active | €325,000 | €2,196 | 10.9% | 80 | 56 |
| praceta Antero de Quental | Active | €355,000 | €2,336 | 5.2% | 70 | 47 |
| rua Gil Eanes, 6 | Active | €320,000 | €2,388 | 3.1% | 77 | 47 |
| Median comp | €340,000 | €2,319 | 5.9% | 76 | 52 |
Long-term rental The property offers a gross yield of 3.5%, which is a relatively stable return in a rural area with basic amenities. However, the neighbourhood ratings indicate limited tenant quality and demand, suggesting that while it may be a reliable long-term rental, growth potential is constrained. Value-add renovation With a condition score of 78/100, there is potential for value-add through renovations to enhance the property's appeal and increase rental income. However, given the fair value of €322,303, any renovation plans must be carefully considered against the current market renditions in a rural setting. Buy-and-hold Investing in this property as a buy-and-hold strategy may generate moderate returns, but the dull growth prospects in such a rural area imply that appreciation could be slow. Hence, while maintaining the property might yield stable income, it should be viewed with caution considering the broader market context. Not ideal for The property is not suited for short-term vacation rentals due to its rural location and basic amenities, limiting its attractiveness for tourists. Similarly, the luxury market and student housing options will not find a favorable position in this neighbourhood, which lacks the necessary infrastructure and appeal for these demographic segments.
Economic Instability With an economic stability score of 35/100, there is a high risk of fluctuating market conditions potentially impacting rental income and property value negatively.
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