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 131 m² on the 2nd floor, built in 2001, energy rating D. Located Palmela parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes two balconies, one specifically designed with a safety net for children and pets, enhancing outdoor enjoyment without compromising safety.
The valuation. The asking price of €305,000 sits below the fair value of €351,306, representing a difference of €46,306 (13.2%). This property is notably underpriced compared to market expectations, suggesting a potential immediate equity gain for buyers.
Fair value modelled at €351,306 from 6 comparable sales in the area. Asking €305,000 sits €46,306 (13.2%) below — the upside to fair value.
Asking €305,000 versus the Palmela, Palmela, Setúbal area baseline of €283,766 (€2,166/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 €283,766, adjusted for condition and micro-location, gives a modelled fair value of €351,306 (€2,682/m²), a €46,306 (13.2%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Palmela · c121a4 | Subject | €305,000 | €2,328 | — | 70 | 57 |
| Pinhal Novo · efdc9a | Active | €299,000 | €2,903 | 24.7% | 70 | 51 |
| Pinhal Novo · efdcf7 | Active | €299,000 | €2,903 | 24.7% | 66 | 50 |
| avenida Alexandre Herculano, 12 | Active | €290,000 | €2,014 | 13.5% | 75 | 50 |
| Palmela · 80002b | Active | €275,000 | €2,750 | 18.1% | 70 | 51 |
| Median comp | €294,500 | €2,827 | 21.4% | 70 | 51 |
Long-term rental Given the fair value assessment, this property presents a great opportunity for long-term rental as it is currently listed at a price that is 13.2% below fair value. The modest yield of 0% indicates it may require additional investment, but the price gap implies potential appreciation or rental cash flow over time. Buy-and-hold Investing in this apartment as a buy-and-hold option leverages the current 13.2% gap to fair value, suggesting that holding onto the property could yield future returns as the market adjusts. While the neighbourhood's rating of 57/100 reflects some challenges, the potential for long-term equity growth remains attractive. Family rental The property is suitable for family rentals due to its size of 131m² and the subvalorizada price point compared to fair market value. However, while it may attract families, the suburban setting and a neighbourhood score of 57/100 could impact long-term tenant demand and satisfaction.
[Economic Vulnerability] The combination of a 55/100 economic stability score and a 60/100 tenant stability score indicates a significant risk of fluctuations in rental income due to potential economic downturns affecting tenant retention and payment reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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