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 75 m² on the 1st floor. Located on praceta João de Deus S / N, Corroios parish, Seixal municipality, Setúbal district. Noteworthy Features: The property includes a rare opportunity for extensive customization to create a modern living space, capitalizing on its historical charm and pre-existing structural integrity. Unique Opportunity: A complete renovation allows for a fresh design vision tailored to individual preferences.
The valuation. The asking price of €220,000 is closely aligned with the fair value of €221,085, sitting just €1,085 (0.5%) below it. This indicates a fair valuation for potential investors. Buy-to-flip angle. A buy-to-flip strategy could focus on modest renovations to modernize the apartment, capitalizing on the property's resilient demand in Corroios, aiming for an attractive resale price. Buy-to-let angle. With an estimated gross yield of 4.6%, this property is suitable for a buy-to-let strategy, providing a steady monthly rental income of approximately €843, appealing to long-term tenants.
Fair value modelled at €221,085 from 6 comparable sales in the area. Asking €220,000 sits €1,085 (0.5%) below — the upside to fair value.
Asking €220,000 versus the praceta João de Deus S / N area baseline of €229,345 (€3,058/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €229,345, adjusted for condition and micro-location, gives a modelled fair value of €221,085 (€2,948/m²), a €1,085 (0.5%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta João de Deus S / N | Subject | €220,000 | €2,933 | — | 45 | 78 |
| rua José Carlos de Melo | Active | €230,000 | €2,190 | 25.3% | 45 | 74 |
| parque da Paz | Active | €294,000 | €3,379 | 15.2% | 55 | 74 |
| Laranjeiro e Feijó · 875123 | Active | €280,000 | €3,373 | 15.0% | 62 | 77 |
| rua Afonso de Paiva | Active | €299,999 | €2,400 | 18.2% | 45 | 74 |
| Median comp | €287,000 | €2,887 | 1.6% | 50 | 74 |
Long-term rental The property in Corroios, Seixal offers a gross yield of 4.6%, which is competitive for the region, given the fair valuation aligned closely with the listing price. Its proximity to Lisbon enhances tenant appeal, ensuring a steady demand for long-term rentals within this well-connected suburb. Family rental With a neighbourhood quality score of 78/100 and essential amenities nearby, this apartment serves as an attractive option for families seeking stable accommodation. The property’s condition rating of 49/100 suggests light renovations could enhance its appeal, but it remains reasonably priced for family renting. Buy-and-hold Investing in this apartment as a buy-and-hold strategy may yield stable returns, particularly given the location's economic activities that support property values. Its close alignment with the fair value indicates that while there may be limited immediate capital appreciation, the long-term prospects are solid as the area continues to develop.
Tenant turnover risk A tenant stability score of 75/100 indicates a moderate risk of turnover, potentially impacting rental income predictability and increasing re-leasing costs.
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