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 120 m², built in 2022, energy rating B. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Feature: The apartment's expansive balconies provide unblocked views and merge the indoor living space seamlessly with the outdoors, enhancing its appeal for entertaining and relaxation.
The valuation. The asking price of €350,000 sits €30,844 (9.7%) above the fair value of €319,156, indicating that the property is fairly valued and aligns reasonably well with current market conditions. Buy-to-flip angle. The strategy for resale could be focused on enhancing the property’s appeal with minor renovations to attract buyers, capitalizing on the premium finishes and location to achieve a profitable return on investment. Buy-to-let angle. With an estimated gross yield of 2.6% at approximately €758/month, this property is positioned for long-term rental income, targeting families seeking modern amenities in a suburban setting close to Setúbal.
Fair value modelled at €319,156 from 6 comparable sales in the area. Asking €350,000 sits €30,844 (9.7%) above — overpriced versus fair value.
Asking €350,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €266,352 (€2,220/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €266,352, adjusted for condition and micro-location, gives a modelled fair value of €319,156 (€2,660/m²), a €30,844 (9.7%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 07f884 | Subject | €350,000 | €2,917 | — | 85 | 55 |
| rua do Fogueiro S / N | Active | €455,000 | €2,395 | 17.9% | 85 | 52 |
| praceta do Chefe de Lanço, 98 | Active | €360,000 | €2,449 | 16.0% | 72 | 44 |
| Pinhal Novo · 6a9481 | Active | €254,500 | €3,535 | 21.2% | 68 | 48 |
| praceta do Limpador de Máquinas, 26 | Active | €380,000 | €3,519 | 20.6% | 75 | 58 |
| Median comp | €370,000 | €2,984 | 2.3% | 74 | 50 |
Long-term rental With a fair value of €319,156 and a current listing of €350,000, this property shows a 9.7% gap indicating it is priced fairly within the market. The 2.6% gross yield, combined with suitable tenant quality in the suburban setting, suggests reliable rental income over the long term. Family rental This 2-bed apartment’s fair valuation makes it a suitable option for families looking for stability in a suburban area. However, the neighborhood score of 55/100 reflects average amenities, which could limit its attractiveness for families seeking higher quality living environments.
Economic Vulnerability The economic stability score of 55/100 indicates a heightened risk of fluctuations in the market affecting rental income. Tenant Stability Risk With a tenant stability score of 60/100, there may be a moderate risk of turnover leading to potential periods of vacancy affecting 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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