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 88 m², built in 1979, energy rating D. Located on rua Afonso Costa, 10, Corroios parish, Seixal municipality, Setúbal district. Noteworthy Features: The apartment includes direct access to a common balcony on the 4th floor, enhancing outdoor living options in a well-conserved building with modern upgrades.
The valuation. The asking price of €310,000 is significantly above the fair value estimate of €135,138, representing an overvaluation of €174,862 (56.4%). This suggests that the property is overpriced and not a sound investment. Buy-to-flip angle. A buy-to-flip strategy would involve enhancing the property’s finishes to boost its appeal, targeting a resale price that would adequately cover costs and yield a respectable profit margin. Buy-to-let angle. The estimated rental income of €982/month presents a gross yield of 3.8%, making it a viable buy-and-hold opportunity, especially given the stable housing demand in Corroios, Seixal.
Fair value modelled at €135,138 from the area baseline, adjusted for condition and location. Asking €310,000 sits €174,862 (56.4%) above — overpriced versus fair value.
Asking €310,000 versus the rua Afonso Costa, 10 area baseline of €267,344 (€3,038/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 60 · Materials 65 · Room dimensions 64). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Afonso Costa, 10
Area baseline €267,344 + condition -€17,463 + location +€12,856 = modelled fair value of €135,138 (€1,536/m²), a €174,862 (56.4%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Afonso Costa, 10 | Subject | €310,000 | €3,523 | — | 60 | 73 |
| Amora · f363e1 | Active | €250,000 | €3,676 | 4.4% | 60 | 78 |
| rua de Cutame, 4 | Active | €279,000 | €2,790 | 20.8% | 54 | 75 |
| Amora · b45456 | Active | €279,000 | €3,100 | 12.0% | 60 | 73 |
| rua de Binta, 12 | Active | €230,000 | €3,833 | 8.8% | — | 77 |
| Median comp | €264,500 | €3,388 | 3.8% | 60 | 76 |
Long-term rental The 3-bed apartment in Corroios presents a challenging investment opportunity due to its listing price of €310,000, which is significantly above its fair value of €135,138, indicating a 56.4% premium. With a gross yield of only 3.8%, the property may not deliver the expected returns for long-term rental investors given its high cost. Buy-and-hold Investing in this apartment for a buy-and-hold strategy is unadvisable as the current price substantially exceeds its fair value, leading to potential value erosion over time. Additionally, the mediocre condition score of 62/100 raises concerns regarding long-term capital appreciation prospects. Family rental This property, while located in a suburban area near Lisbon, is overpriced at €310,000 compared to a fair value of €135,138, making it an unsuitable option for family rentals focused on affordability. The 3.8% yield, together with the high price, diminishes its attractiveness for families seeking long-term housing solutions.
Economic Dependence Risk The property is vulnerable to economic fluctuations due to a moderate economic stability score of 75/100, paired with a relatively low tenant stability score of 65/100, indicating potential tenant turnover and income instability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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