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, 3-bathroom apartment of 148 m², energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment boasts a remarkable 21.90 m² storage room, perfect for versatile use, and strategically positioned balconies that capture both morning and late afternoon sunlight.
The valuation. The asking price of €420,000 is above the fair value of €405,143, making it €14,857 (3.7%) over. With a fair valuation verdict, this property can be considered appropriately priced for the given market conditions.
Fair value modelled at €405,143 from 6 comparable sales in the area. Asking €420,000 sits €14,857 (3.7%) above — overpriced versus fair value.
Asking €420,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €354,302 (€2,394/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €354,302, adjusted for condition and micro-location, gives a modelled fair value of €405,143 (€2,737/m²), a €14,857 (3.7%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · e54f58 | Subject | €420,000 | €2,838 | — | 72 | 54 |
| Pinhal Novo · 626ffb | Active | €289,000 | €2,651 | 6.6% | 74 | 49 |
| rua 25 de Abril | Active | €385,000 | €1,598 | 43.7% | 70 | 51 |
| Pinhal Novo · ade5ca | Active | €365,000 | €3,017 | 6.3% | 73 | 58 |
| Pinhal Novo · 6273cd | Active | €335,000 | €2,913 | 2.7% | 70 | 57 |
| Median comp | €350,000 | €2,782 | 2.0% | 72 | 54 |
Long-term rental The 4-bed apartment in Pinhal Novo could attract long-term tenants given its size; however, with a 0% gross yield and a fair value gap of only 3.7%, it is unlikely to generate significant cash flow. The average condition rating of 76/100 may not encourage upper-tier tenants, underscoring the need for careful management of rental expectations in this market. Family rental While the property potentially suits families due to its size, the 3.7% gap from fair value and the overall condition indicate that it is a fair investment without notable upside. The limited amenities in the area may deter some families from committing to a long-term lease, making this an essential consideration. Buy-and-hold Purchasing this apartment as a buy-and-hold asset may not be advantageous given the fair valuation and lack of yield; thus, investors should weigh the potential for price appreciation carefully. The moderate neighborhood rating of 54/100 suggests limited economic excitement, which could hinder long-term capital gains for this property.
Economic Volatility Risk The property's economic stability score of 50/100 indicates a potential risk of market fluctuations that could impact revenue generation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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