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 96 m² on the 11th floor, built in 1984, energy rating C. Located on rua Alves Redol, 3, Corroios parish, Seixal municipality, Setúbal district. Unique feature: The apartment offers the potential to add a second bathroom, enhancing functionality and value, amid ongoing roof renovations in the well-maintained building. Opportunity: Transform this significant fixer-upper into your dream home.
The valuation. The asking price of €237,000 is €25,800 (12.2%) above the fair value of €211,200. This property is considered overpriced based on its current condition and market dynamics.
Fair value modelled at €211,200 from 6 comparable sales in the area. Asking €237,000 sits €25,800 (12.2%) above — overpriced versus fair value.
Asking €237,000 versus the rua Alves Redol, 3 area baseline of €272,109 (€2,834/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 24/100 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 €272,109, adjusted for condition and micro-location, gives a modelled fair value of €211,200 (€2,200/m²), a €25,800 (12.2%) gap versus the €237,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alves Redol, 3 | Subject | €237,000 | €2,469 | — | 32 | 81 |
| largo Francisco Sanches S / N | Active | €250,000 | €2,475 | 0.3% | 28 | 73 |
| rua Arquitecto José António Conde S / N | Active | €160,000 | €2,000 | 19.0% | 35 | 74 |
| rua Terreiro Amato Lusitano | Active | €269,000 | €3,241 | 31.3% | 27 | 80 |
| rua Vila do Seixal | Active | €160,000 | €1,758 | 28.8% | 45 | 74 |
| Median comp | €205,000 | €2,238 | 9.4% | 32 | 74 |
Long-term rental The property’s price of €237,000 exceeds its fair value of €211,200 by 12.2%, indicating it is overpriced for a long-term rental strategy. Although the yield is 5.2%, the condition rating of 24/100 suggests significant maintenance may be required, which could erode rental profitability. Buy-and-hold Given the listing price is 12.2% above fair value, this property is overpriced for a buy-and-hold investment strategy. The decent neighbourhood score of 81/100 may offer some upside in appreciation, but the initial purchase price poses risks to long-term returns. Family rental With a valuation gap of 12.2% indicating the property is overpriced, a family rental strategy may not be advisable at the current asking price of €237,000. While the neighbourhood quality is strong, the property’s condition rating of 24/100 raises concerns about livability and potential costs that could impact tenant retention.
Potential Economic Downturn Despite current Economic Stability at 80/100, any decline could negatively impact rental demand and tenant turnover rates, risking revenue stability.**
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