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.
2-bedroom, 1-bathroom apartment of 70 m² on the 1st floor, built in 1989, energy rating D. Located on rua Cidade de Quelimane, 2, Corroios parish, Seixal municipality, Setúbal district. Noteworthy Features: The spacious kitchen includes a pantry and modern appliances, while the living room features large windows that provide ample natural light and unobstructed views of the surrounding area.
The valuation. The asking price of €275,000 exceeds the fair value of €258,640 by €16,360 (6.3%). This indicates a property priced at the higher end of fair market valuation. Buy-to-flip angle. The potential resale strategy focuses on renovating finishes to enhance appeal before listing, targeting a profit margin reflecting current market conditions. Buy-to-let angle. With an estimated rental income of €756/month, the gross yield stands at 3.3%, providing a steady cash flow for long-term investment in a desirable area.
Fair value modelled at €258,640 from 6 comparable sales in the area. Asking €275,000 sits €16,360 (6.3%) above — overpriced versus fair value.
Asking €275,000 versus the rua Cidade de Quelimane, 2 area baseline of €246,809 (€3,526/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €246,809, adjusted for condition and micro-location, gives a modelled fair value of €258,640 (€3,695/m²), a €16,360 (6.3%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Quelimane, 2 | Subject | €275,000 | €3,929 | — | 63 | 81 |
| rua de Binta, 12 | Active | €230,000 | €3,833 | 2.4% | — | 77 |
| Corroios · 86cd49 | Active | €320,000 | €3,765 | 4.2% | — | 71 |
| praceta Ema Reis S / N | Active | €290,000 | €3,625 | 7.7% | 67 | 71 |
| rua Cidade de Braga | Active | €230,000 | €3,382 | 13.9% | 60 | 84 |
| Median comp | €260,000 | €3,695 | 5.9% | 64 | 74 |
Long-term rental This property offers a gross yield of 3.3%, which reflects a stable rental income potential, fitting well within the attractive Corroios neighborhood. However, with a fair value only slightly below the listing price, the investment should be approached with cautious optimism. Buy-and-hold Given the urban environment with an 81/100 neighborhood rating, this property presents a solid opportunity for long-term capital appreciation in a competitive market near Lisbon. The slight gap from fair value suggests a moderate potential for future price increases, but it is essential to consider the current market conditions before committing. Short-term vacation rental With the proximity to Lisbon, this apartment could attract tourists seeking affordable accommodation, despite the fair valuation indicating price sensitivity in competitive short-term rental markets. The condition score of 63/100 may require further investment to meet the standards expected by vacation renters, positioning this property as a moderate opportunity rather than a prime investment. Not ideal for student housing The property, although located in a desirable neighborhood, lacks features and amenities typically sought after by students. The current pricing and valuation suggest a mismatch for this demographic, making it less suitable for a student housing strategy. Not ideal for the luxury market While the apartment is nicely located and rated, it does not meet the standards necessary to appeal to the luxury market segment. Pricing above fair value also indicates that it does not align with the expectations of high-end buyers.
Tenant turnover risk The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, which could lead to potential vacancy losses and increased renovation costs.
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