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, 1-bathroom apartment of 74 m², energy rating E. Located on rua Bernardo Santareno, 2, Corroios parish, Seixal municipality, Setúbal district. This property boasts an entrance hall with a pantry, enhancing storage options and maximizing space efficiency.
The valuation. The asking price of €269,990 sits significantly above the fair value of €135,160, representing a 49.9% premium. Thus, this property can be classified as overpriced, presenting challenges for potential buyers.
Fair value modelled at €135,160 from the area baseline, adjusted for condition and location. Asking €269,990 sits €134,830 (49.9%) above — overpriced versus fair value.
Asking €269,990 versus the rua Bernardo Santareno, 2 area baseline of €223,332 (€3,018/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Bernardo Santareno, 2
Area baseline €223,332 + condition +€5,897 + location +€11,751 = modelled fair value of €135,160 (€1,826/m²), a €134,830 (49.9%) gap versus the €269,990 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bernardo Santareno, 2 | Subject | €269,990 | €3,649 | — | 78 | 75 |
| rua de Brasília | Active | €220,000 | €3,014 | 17.4% | 80 | 69 |
| rua Cidade de Coimbra | Active | €315,000 | €2,625 | 28.1% | 72 | 74 |
| rua Nicolau Tolentino | Active | €358,000 | €3,891 | 6.7% | 80 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4bc752 | Active | €315,000 | €4,846 | 32.8% | 73 | 76 |
| Median comp | €315,000 | €3,453 | 5.4% | 77 | 75 |
Long-term rental Given the significant pricing gap of 49.9% compared to its fair value, this property appears overpriced for long-term rental strategies and may not generate the desired rental yields. Additionally, with a gross yield of 0%, the investment lacks immediate cash flow potential, making it less appealing for long-term income generation. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is not advisable due to its overvaluation at €269,990 against the fair value of €135,160. The lack of robust tenant quality and rental yield further diminishes the potential for long-term appreciation, making this property an unattractive asset for future resale. Family rental As a family rental, this apartment's asking price is significantly detached from its fair value, creating an unfavorable situation for potential rental income. The moderate neighbourhood quality combined with the absence of rental yield suggests that this property would struggle to attract suitable tenants at the current price point.
Tenant Turnover Risk The tenant stability score of 75/100 indicates a moderate risk of turnover, which could affect rental income reliability.
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