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 124 m² on the 2nd floor, energy rating E. Located on rua de Bento de Jesus Caraca, 1, Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: The apartment includes two private balconies, enhancing outdoor living space, and a substantial 28 m² attic storage room with potential for versatile uses beyond storage.
The valuation. The asking price of €309,000 is below the fair value of €346,199, positioning it as underpriced by €37,199 (10.7%). This represents a viable opportunity for prospective investors.
Fair value modelled at €346,199 from 6 comparable sales in the area. Asking €309,000 sits €37,199 (10.7%) below — the upside to fair value.
Asking €309,000 versus the rua de Bento de Jesus Caraca, 1 area baseline of €288,026 (€2,323/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 €288,026, adjusted for condition and micro-location, gives a modelled fair value of €346,199 (€2,792/m²), a €37,199 (10.7%) gap versus the €309,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Bento de Jesus Caraca, 1 | Subject | €309,000 | €2,492 | — | 72 | 55 |
| praceta Timor Loro-Sae | Active | €285,000 | €3,000 | 20.4% | 74 | 49 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 13.1% | — | 55 |
| Pinhal Novo · 6270f4 | Active | €275,000 | €3,395 | 36.2% | 78 | 50 |
| Pinhal Novo · 19f649 | Active | €215,000 | €2,529 | 1.5% | 70 | 53 |
| Median comp | €270,000 | €2,910 | 16.8% | 74 | 52 |
Long-term rental The property in Pinhal Novo represents a promising opportunity for long-term rental, with a fair value assessment indicating it is currently 10.7% below this fair value. Despite an overall condition rating of 75/100 and a neighbourhood quality of 55/100, consistent demand can be expected due to the property’s proximity to main towns. Buy-and-hold Investing in this 2-bed apartment for a buy-and-hold strategy could yield substantial returns given its fair value placement at €346,199, which reveals a 10.7% gap against the current listing price. The semi-rural context provides stability, although potential appreciation may be gradual due to the moderate neighbourhood rating. Family rental With family rental being a suitable strategy, the apartment's spacious 124m² layout and adequate amenities cater well to the needs of families seeking long-term housing. Although the location lacks high tenant quality metrics, the fair value gap indicates potential for stable occupancy over time.
Economic volatility risk The economic stability score of 55 suggests a moderate risk of fluctuations in the local economy, potentially affecting 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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