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, 3-bathroom apartment of 199 m², built in 2001, energy rating F. Located on rua Fernão de Magalhães, 147, Rio Tinto parish, Gondomar municipality, Porto district. This apartment boasts a spacious balcony offering panoramic views of the surrounding area, enhancing outdoor enjoyment and entertaining opportunities.
The valuation. The asking price of €376,000 sits €77,055 (20.5%) above the fair value of €298,945, indicating that the property is overpriced. This discrepancy suggests significant negotiation potential or an investor's caution. Buy-to-flip angle. A buy-to-flip strategy would require investing in upgrades, specifically modernizing the kitchen appliances and fixtures to enhance resale value. Given current market trends, a successful flip could attract buyers looking for contemporary finishes. Buy-to-let angle. With an estimated rental income of ~€1,159/month, the gross yield stands at 3.7%. Targeting long-term family rentals could leverage the area's stable economy and proximity to amenities, providing consistent cash flow.
Fair value modelled at €298,945 from the area baseline, adjusted for condition and location. Asking €376,000 sits €77,055 (20.5%) above — overpriced versus fair value.
Asking €376,000 versus the rua Fernão de Magalhães, 147 area baseline of €278,600 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 76 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Fernão de Magalhães, 147
Area baseline €278,600 + condition -€5,286 + location +€25,631 = modelled fair value of €298,945 (€1,502/m²), a €77,055 (20.5%) gap versus the €376,000 asking price.
Long-term rental This property, with a gross yield of 3.7%, is overpriced compared to its fair value of €298,945, creating a significant gap of 20.5%. The condition and neighborhood scores of 73/100 suggest that while there are potential tenants, the overall value does not justify the current asking price. Family rental While the property is in a suburban area with low crime rates, its current listing of €376,000 indicates that it is overpriced by 20.5% compared to fair value. This inflated price may deter families looking for both affordability and value in their long-term rental options. Buy-and-hold Holding this property presents a challenge as it is currently overpriced at €376,000, significantly exceeding the fair valuation of €298,945. Prospective investors may find better opportunities with properties that align more closely with their fair market value to enhance long-term returns.
Economic Dependency Risk: With an economic stability score of 75/100, fluctuations in the local economy could significantly impact rental incomes, especially when tenant stability is relatively lower at 65/100, indicating potential higher vacancy rates or tenant turnover.
