Apartment in Corroios

Overview

3-bedroom, 2-bathroom apartment of 115 m². Located on alameda Santa Marta do Pinhal, Corroios parish, Seixal municipality, Setúbal district. Noteworthy Features: This apartment includes two spacious balconies totaling 20.70m², providing ample outdoor space for relaxation or entertaining guests.

Financial Summary

The valuation. The asking price of €395,000 significantly exceeds the fair value of €61,003, showing a disparity of €333,997 or 84.6%. Verdict: overpriced.

Investment Thesis

Family rental Given that the average yield is 0% and the apartment is priced €395,000 despite a fair value of €61,003, this property does not present a financially feasible option for family rental. The significant gap of 84.6% indicates an unfavorable investment for long-term family stays in a suburban area known for typical crime and schooling challenges. Long-term rental With the property being overpriced and a yield of 0%, it lacks the financial viability necessary for long-term rental success. This 3-bed apartment falls short in its investment potential, given the compromised condition and considerable gap from fair value. Buy-and-hold The buy-and-hold strategy is hindered by the excessive listing price of €395,000, which far exceeds the fair value of €61,003, making it an unsuitable choice for long-term appreciation. The zero yield coupled with a neglected condition suggests that holding this investment could lead to subpar returns over time.

Risks

Economic and Tenant Instability Both economic and tenant stability scores are 65/100, indicating a moderate risk of fluctuations in income due to potential economic downturns and tenant turnover.

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