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 house of 118 m², built in 1937, energy rating E. Located on rua Joaquim Brandão, Palmela parish, Palmela municipality, Setúbal district. The triplex features decorative azulejo tiles and marble-style stairs, signifying historical craftsmanship that adds unique character despite the need for extensive renovations.
The valuation. The asking price of €350,000 is considerably below the fair value of €407,675, representing an opportunity for investment at a discount of €57,675 (14.1%). This property is priced advantageously for potential buyers.
Fair value modelled at €407,675 from 6 comparable sales in the area. Asking €350,000 sits €57,675 (14.1%) below — the upside to fair value.
Asking €350,000 versus the rua Joaquim Brandão area baseline of €384,417 (€3,258/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €384,417, adjusted for condition and micro-location, gives a modelled fair value of €407,675 (€3,455/m²), a €57,675 (14.1%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Brandão | Subject | €350,000 | €2,966 | — | 52 | 40 |
| Palmela · 3d99a5 | Active | €650,000 | €4,063 | 37.0% | 65 | 52 |
| Palmela · be931d | Active | €520,000 | €2,971 | 0.2% | 70 | 42 |
| Palmela · 49b8b8 | Active | €365,000 | €3,842 | 29.5% | 76 | 52 |
| Palmela · b7c2de | Active | €549,000 | €4,159 | 40.2% | 78 | 43 |
| Median comp | €534,500 | €3,953 | 33.3% | 73 | 48 |
Long-term rental The property offers a competitive gross yield of 4.5% and is currently underpriced compared to its fair value, presenting a solid long-term rental opportunity. However, given the limited employment opportunities in the rural area, attracting tenants may remain a challenge. Family rental With a fair value gap of 14.1%, this 3-bed house can serve as an appealing family rental for those seeking affordable housing options in Palmela. The property's condition score of 57/100 may require some investment in renovations to enhance its overall appeal to families. Buy-and-hold As the property is currently underpriced, it presents a viable buy-and-hold investment strategy that could yield favorable returns if market conditions improve. Nevertheless, potential investors should be cautious of the area's limited economic opportunities, which could affect long-term appreciation prospects.
Low Rental Income Risk The combination of a low economic stability score of 35/100 and a tenant stability score of 45/100 suggests a high risk of fluctuating rental income, which could significantly impact the property's 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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