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.
4-bedroom, 2-bathroom house of 267 m², built in 1999, energy rating D. Located on rua de Goa, 121, Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The property includes a spacious garage and a barbecue area amidst a generous outdoor space, along with potential for a swimming pool, enhancing its appeal for outdoor living.
The valuation. The asking price of €490,000 is significantly below the fair value of €580,529, representing an undervaluation of €90,529 (15.6%). This indicates a strong opportunity for investors seeking potential appreciation. Buy-to-flip angle. The property presents a viable buy-to-flip strategy, as renovations could enhance its appeal and facilitate a profitable resale within a rising market. Quick improvements can capitalize on the existing undervaluation. Buy-to-let angle. With a gross yield of 4% and an estimated rental income of €1,633 per month, the property is positioned well for stable long-term rental income. This consistent cash flow can offset mortgage costs and support investment growth.
Fair value modelled at €580,529 from 6 comparable sales in the area. Asking €490,000 sits €90,529 (15.6%) below — the upside to fair value.
Asking €490,000 versus the rua de Goa, 121 area baseline of €541,138 (€2,027/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €541,138, adjusted for condition and micro-location, gives a modelled fair value of €580,529 (€2,174/m²), a €90,529 (15.6%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Goa, 121 | Subject | €490,000 | €1,835 | — | 48 | 43 |
| rua União das Freguesias de Setúbal | Active | €242,500 | €2,636 | 43.6% | 54 | 55 |
| Gâmbia-Pontes-Alto da Guerra · 57fa27 | Active | €299,000 | €2,199 | 19.8% | 40 | 47 |
| Palmela · 2fccba | Active | €430,000 | €2,150 | 17.2% | 68 | 47 |
| Palmela · 99f41c | Active | €218,000 | €1,463 | 20.3% | 42 | 48 |
| Median comp | €270,750 | €2,175 | 18.5% | 48 | 48 |
Long-term rental The property in Palmela has a fair value of €580,529, indicating a 15.6% gap against its listing price of €490,000, positioning it as subvalued amidst a backdrop of a neighborhood rated 43/100. With a gross yield of 4% and moderate condition rating of 55/100, this investment can attract long-term tenants seeking basic amenities in a developing area. Buy-and-hold With a substantial fair value indicating a €90,529 upside compared to the listing price, the property presents an attractive proposition for a buy-and-hold strategy within the evolving economic landscape of Palmela. Given the rural focus and reasonable tenant quality, investors can expect stable appreciation over time while benefiting from consistent rental income.
[Economic Vulnerability] With an economic stability score of 35/100, the risk of decreased demand and rental income from this property is significantly heightened due to potential local economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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