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, 1-bathroom apartment of 58 m² on the 1st floor, built in 1988, energy rating C. Located Pinhal Novo parish, Palmela municipality, Setúbal district. The property features an active rental contract providing a steady income stream of €250 per month until March 2028, enhancing its attractiveness to investors.
The asking price is above the fair value, with a gap of €26,000, indicating a downside of 15.1% versus the asking price. The estimated gross yield for this property is 4.8%.
The asking price is above the fair value. We built the fair value using two models: the Transaction model, which relies on real transaction data from 233 sales in Pinhal Novo, and the Adjusted asking-price model based on current listings. By combining these models with a weight of 55% for the Transaction model and 45% for the Adjusted asking-price model, we applied conservative adjustments for necessary repairs. This resulted in a fair value of €144,000, whereas the asking price is €170,000, indicating a downside of 15.1% compared to the asking price. We have a high confidence in this valuation.
Gross yield 4.8% (before costs)
No specific strategy stands out for this property.
Investors should consider that the asking price of €170,000 for this 2-bed apartment in Pinhal Novo exceeds its fair value of €144,000, representing a 15.1% downside compared to the asking price. Additionally, the property has a moderate condition score of 57/100 and a neighborhood score of 49/100, indicating potential drawbacks related to the apartment’s condition and the surrounding area despite its proximity to Setúbal, which offers employment and amenities.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk Given the economic stability score of 40/100, there is a significant risk that potential economic downturns could impact tenant retention and overall rent collection stability, especially with a tenant stability score of 55/100. Data quality risk While the data-quality check passed, the lack of real transaction data for the micro-location may limit the reliability of the valuation, which is based on estimated works and the existing tenancy mentioned in the advertisement.
Grade AFindings: 1
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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