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.
1-bedroom, 1-bathroom apartment of 45 m² on the 1st floor, built in 1985, energy rating D. Located on praceta Cidade de Lagos, 3, Corroios parish, Seixal municipality, Setúbal district. This apartment features a modern kitchen with high-quality appliances, and its layout maximizes space efficiency, catering well to both single occupants and couples.
The valuation. The asking price of €220,000 is significantly above the fair value of €193,607, representing an overpricing of €26,393 (13.6%). This discrepancy suggests that the property is not a financially sound investment at its current listing. Buy-to-flip angle. The buy-to-flip strategy for this property would require purchasing at a lower price to enhance value through minor renovations, aiming for a resale that capitalizes on the area's proximity to Lisbon. Quick turnarounds are essential to maximize profitability. Buy-to-let angle. With an estimated rental income of €605/month, offering a gross yield of 3.3%, the buy-to-let strategy could attract families seeking stability, leveraging the neighborhood's appeal and safety features for long-term tenancy.
Fair value modelled at €193,607 from 6 comparable sales in the area. Asking €220,000 sits €26,393 (13.6%) above — overpriced versus fair value.
Asking €220,000 versus the praceta Cidade de Lagos, 3 area baseline of €182,485 (€4,055/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €182,485, adjusted for condition and micro-location, gives a modelled fair value of €193,607 (€4,302/m²), a €26,393 (13.6%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Cidade de Lagos, 3 | Subject | €220,000 | €4,889 | — | 70 | 77 |
| rua Abel Salazar | Active | €185,000 | €4,405 | 9.9% | 70 | 70 |
| rua Viana da Mota, 2 | Active | €210,000 | €4,200 | 14.1% | — | 71 |
| praceta Sampaio Bruno, 3 | Active | €290,000 | €3,625 | 25.9% | 70 | 75 |
| rua da Cordoaria | Active | €279,000 | €4,650 | 4.9% | 68 | 73 |
| Median comp | €244,500 | €4,303 | 12.0% | 70 | 72 |
Long-term rental The property in Corroios, Seixal is not an ideal candidate for long-term rental given its 13.6% gap from fair value, positioning it as overpriced compared to the fair market assessment of €193,607. While the surrounding area is stable and safe, the yield of 3.3% gross does not justify a higher purchase price. Family rental As a family rental, this 1-bed apartment’s listing price of €220,000 reflects a notable overvaluation of 13.6% when compared to its fair value. The solid neighbourhood rating of 77/100 is appealing for families, but the perceived cost undermines its investment potential. Buy-and-hold Investing in this property with a buy-and-hold strategy may not be ideal due to its overpriced status, with a gap of 13.6% from the fair value of €193,607. Despite its decent living conditions and attractiveness of the area, the current pricing limits the potential for future appreciation and rental yield.
Tenant turnover risk: With a tenant stability score of 75/100, there is a potential risk of higher tenant turnover, which may lead to increased vacancy rates and associated costs in maintaining occupancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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