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 121 m² on the 1st floor, built in 2024, energy rating A. Located on praceta do Limpador de Máquinas, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features three balconies that enhance the living space and offer beautiful views of the surrounding countryside and urbanization, promoting an outdoor lifestyle.
The asking price of €369,000 is above the assessed fair value of €325,000, indicating an €44,000 gap and 11.8% downside versus the asking price. The estimated gross yield stands at 4.6% based on projected monthly rental income of approximately €1,414.
The property's fair value is derived using a combination of models: 55% from the Transaction model, which analyzes real transaction data in Pinhal Novo, and 45% from the Adjusted asking-price model, which uses current listings with adjustments to reflect realistic sale prices. No conservative adjustments were applied to this property. As a result, the computed fair value is €325,000. Given the asking price of €369,000, the asking price is above the fair value, reflecting an 11.8% downside compared to the asking price. Confidence in this assessment is high.
Gross yield 4.6% (before costs)
No specific strategy stands out for this property.
Considering the property's condition rated at 81/100 and its location with a score of 50/100, it is important to highlight that the asking price of €369,000 is above the fair value of €325,000, indicating an 11.8% downside versus the asking price. An investor should critically assess whether the premium on the asking price aligns with the potential long-term value and the benefits offered by its current state and neighborhood characteristics.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has economic and tenant stability scores of 50 each, indicating a potential risk of fluctuating income and tenant turnover that may impact revenue stability.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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