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 271 m² on the 3rd floor, built in 2022, energy rating B. Located on avenida dos Ferroviários, Pinhal Novo parish, Palmela municipality, Setúbal district. This apartment features a spacious open-plan living area with a striking floating staircase and a large balcony perfect for alfresco dining.
The asking price of €549,000 is above our fair value of €493,000, indicating a downside of €56,000, or 10.2%. This suggests that the property is not a deal at current market prices. Rental income. The property has a strong rental income potential with an estimated gross yield of 5.8%, placing it in the top quarter of the national range, effectively capitalizing on the local demand and quality features.
The fair value of this property is derived using a blend of two models: the Transaction model, which relies on real transaction data from 158 recorded sales in Pinhal Novo, and the Adjusted asking-price model, which adjusts current asking prices to reflect past sale prices. The final fair value calculation combines these models, with 55% weight given to the Transaction model and 45% to the Adjusted asking-price model. Importantly, no conservative adjustments were applied to this property. The resulting fair value is €493,000, and with the asking price set at €549,000, the asking price is above the fair value, indicating a downside of 10.2%. Confidence in this assessment is high.
Gross yield 5.8% (before costs)
Investing in this 3-bed apartment in Pinhal Novo, Palmela, offers a competitive gross yield of 5.8%, indicating strong potential for rental income that aligns with market expectations. However, it's important to note that the asking price of €549,000 is above the estimated fair value of €493,000, reflecting a 10.2% downside versus the asking price, which suggests that investors should proceed with caution. The property's condition is rated at 80/100, signaling decent upkeep but limited by the neighborhood score of 50/100, indicating that while there is value to be tapped in rental strategies, the higher initial investment may not yield optimal returns in the current market context.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: The property has a mediocre economic stability score of 50/100 and a tenant stability score of 50/100, indicating potential difficulties in maintaining reliable income and tenant retention. Data-quality risk: The listings of this property disagree, raising concerns about the accuracy of the information available, which could impact decision-making.
Grade DFindings: 1
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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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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