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 104 m² on the 2nd floor, built in 2003, energy rating B. Located on rua José Saramago, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment offers a charming view of Palmela Castle and features an ornate stone fireplace that enhances the living area's cozy ambiance.
The valuation. The asking price of €290,000 is above the calculated fair value of €261,633, which represents an overpricing of €28,367 (10.8%). The property may require negotiation to align closer to fair market value.
Fair value modelled at €261,633 from 6 comparable sales in the area. Asking €290,000 sits €28,367 (10.8%) above — overpriced versus fair value.
Asking €290,000 versus the rua José Saramago area baseline of €238,884 (€2,297/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €238,884, adjusted for condition and micro-location, gives a modelled fair value of €261,633 (€2,516/m²), a €28,367 (10.8%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Saramago | Subject | €290,000 | €2,788 | — | 66 | 56 |
| rua Raul Brandao | Active | €235,000 | €2,582 | 7.4% | 70 | 47 |
| praceta do Chefe de Lanço, 98 | Active | €360,000 | €2,449 | 12.2% | 72 | 44 |
| Pinhal Novo · 6a9481 | Active | €254,500 | €3,535 | 26.8% | 68 | 48 |
| Pinhal Novo · 07f884 | Active | €350,000 | €2,917 | 4.6% | 85 | 55 |
| Median comp | €302,250 | €2,750 | 1.4% | 71 | 48 |
Long-term rental The property’s gross yield of 3.5% is below market expectations and suggests limited profitability for long-term tenants. Given the neighborhood's score of 56/100, the demand for long-term rentals may not justify the current asking price of €290,000. Family rental This apartment, while spacious enough for a family, is overpriced at €290,000 and may deter potential renters seeking affordability in a suburban area. The average condition rating of 70/100 further reduces its attractiveness for families looking for a reasonably-priced home. Buy-and-hold With a fair value of €261,633, the property is priced 10.8% above its worth, indicating a risky long-term investment. Holding this asset may not yield the expected returns given its lower yield and average neighborhood rating, which could hinder appreciation over time.
Economic Fluctuation Risk The property has an economic stability score of 50/100, indicating a high risk of economic downturns that could affect rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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