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 122 m² on the 3rd floor, built in 1996, energy rating D. Located on rua Antero de Quental, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment benefits from high-quality renovations, including a modern kitchen with marble-effect surfaces, and an impressive 30 m² storage area enhancing both utility and elegance.
The asking price of €329,000 is above the fair value of €284,000, indicating a downside of €45,000, or 13.6% versus the asking price. Rental income. The property offers a gross yield of 5%, which is solidly above the national average, making it an attractive option for generating rental income.
The property's fair value is determined through two main models: the Transaction model, which relies on real transaction data from 158 recorded sales in the Pinhal Novo area, and the Adjusted asking-price model, which assesses current listings with adjustments to reflect probable sale prices. These models are combined using a weighted blend, with the Transaction model contributing 55% and the Adjusted asking-price model 45%. Importantly, no conservative adjustments were applied to this property. The result indicates that the asking price is above the fair value, revealing a significant gap of €45,000. The confidence level in this assessment is high.
Gross yield 5% (before costs)
This 3-bedroom apartment in Pinhal Novo is currently listed at €329,000, which presents a 13.6% downside compared to its fair value of €284,000, indicating that the asking price is above the fair value. Nevertheless, the property boasts a gross yield of 5.0%, which is solidly above the national average, suggesting potential for rental income that could still appeal to investors despite its overpricing. Its good condition score of 77/100 further enhances its attractiveness, while the neighborhood score of 50/100 reflects potential for improvement and appreciation in the long term.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 50/100 combined with a tenant stability score of 50/100 suggests that there may be higher fluctuations in tenant demand and rental income stability, potentially impacting the property's profitability.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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