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 1st floor, built in 2001, energy rating C. Located on rua José Saramago, 5, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a spacious living room with a stone fireplace that enhances the cozy atmosphere, complemented by high-quality finishes in the entrance and staircase areas.
The valuation. The asking price of €305,000 is slightly below the fair value of €310,546, representing a 1.8% difference. This positions the property at a fair price, making it an attractive option for potential buyers.
Fair value modelled at €310,546 from 6 comparable sales in the area. Asking €305,000 sits €5,546 (1.8%) below — the upside to fair value.
Asking €305,000 versus the rua José Saramago, 5 area baseline of €271,539 (€2,611/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €271,539, adjusted for condition and micro-location, gives a modelled fair value of €310,546 (€2,986/m²), a €5,546 (1.8%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Saramago, 5 | Subject | €305,000 | €2,933 | — | 75 | 46 |
| rua Joao de Deus, 2 | Active | €294,000 | €2,800 | 4.5% | 82 | 46 |
| Pinhal Novo · 652ffe | Active | €265,000 | €3,487 | 18.9% | 75 | 48 |
| Palmela · b7c0e3 | Active | €260,000 | €2,737 | 6.7% | 75 | 44 |
| rua Vasco da Gama | Active | €250,000 | €3,788 | 29.2% | 74 | 58 |
| Median comp | €262,500 | €3,144 | 7.2% | 75 | 47 |
Long-term rental The property in Pinhal Novo, with a gross yield of 3.3%, offers an opportunity for stable long-term rental income, but it remains closely aligned with its fair value at €305,000, indicating limited potential for price appreciation. With the neighbourhood score at 46/100, the area may present challenges in attracting higher-quality tenants. Buy-and-hold Investing in this apartment at a price of €305,000 could provide moderate returns over time, as the fair value is slightly higher at €310,546, showcasing a stable property value landscape. However, the overall condition and neighbourhood ratings suggest that this is not an optimal opportunity for significant growth or luxury investments in the long run.
High Economic Risk The property’s economic stability score of 40/100 indicates a significant risk of economic downturns impacting rents and property values adversely.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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