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 92 m² on the 2nd floor, energy rating E. Located on rua Alvaro Tavares, 31N, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features high-end kitchen and bathroom finishes, including a stone vessel sink, elevating its overall appeal to discerning tenants.
The asking price is above the fair value: the fair value is €41,000 (13.5%) below the asking price. The estimated gross yield is 4.5% (~€1,125/month estimated).
This property's fair value is determined using a combination of two models. First, the Transaction model analyzes 233 real transaction data points from Pinhal Novo, contributing 55% to the final value. Next, the Adjusted asking-price model considers current listings, accounting for 45% of the result. For this property, no conservative adjustments were applied. The verdict is that the asking price is above the fair value, with a fair value of €259,000, resulting in a gap of €41,000. Overall, the confidence in this evaluation is high.
Gross yield 4.5% (before costs)
No specific strategy stands out for this property.
Investors should consider the asking price of €300,000 which is 13.5% above the fair value of €259,000, indicating the property is overpriced. The condition rating of 78 out of 100 suggests it is in reasonably good shape, but the neighborhood score of 50 out of 100 highlights potential concerns regarding the area. Therefore, the significant gap between the asking price and fair value coupled with the neighborhood rating requires careful evaluation.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property exhibits low economic stability and tenant stability scores of 50/100 each, indicating potential challenges in attracting and retaining reliable tenants, which could impact profitability.
Grade AFindings: 0
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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