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.
3-bedroom, 2-bathroom apartment of 110 m², energy rating D. Located on rua Francisco Caçoete Romão, Pinhal Novo parish, Palmela municipality, Setúbal district. This well-maintained apartment features upgraded wood-paneled ceilings and a cozy fireplace, enhancing its character and inviting ambiance for family gatherings.
The asking price of €305,000 is above our assessed fair value of €274,000, indicating that the property is overpriced. The confidence in this fair value assessment is medium. Estimated gross yield stands at approximately 4.8%, which provides context for potential returns, though no specific investment strategy is identified for this property.
The property's fair value is determined using a combination of models. The Transaction model relies on real transaction data with 158 recorded sales in Pinhal Novo, accounting for 55% of the value assessment. The Adjusted asking-price model looks at current listings and adjusts asking prices to align with sales prices, contributing 45%. For this property, no conservative adjustments were necessary. As a result, the fair value is set at €274,000, while the asking price is €305,000. Therefore, the asking price is above the fair value, reflecting a 10.2% downside.
Gross yield 4.8% (before costs)
No specific strategy stands out for this property.
The asking price of €305,000 is significantly above the fair value of €274,000, indicating a downside of 10.2% compared to this value. Although the apartment offers a decent condition rating of 72/100, the location quality is relatively lower at 50/100, which could affect long-term appreciation. Investors should weigh the current property's value against its condition and neighbourhood quality before making a decision.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic and tenant stability scores are both 50/100, indicating a potential risk of fluctuating demand and high tenant turnover in this property. Fair value certainty risk The valuation indicates a fair value of €274,000, but the medium confidence level and lack of micro-location transaction data introduce uncertainty about the accuracy of this valuation.
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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