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, 2-bathroom apartment of 130 m², energy rating E. Located on rua da Firmeza, 498, Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória parish, Porto municipality, Porto district. Noteworthy Features: The apartment boasts modern aluminum window frames with a tilt-and-turn system, enhancing ventilation and light, along with two spacious balconies for outdoor leisure. Condition Notes: Overall excellent condition despite minor wear signs.
The valuation. The asking price of €670,000 is significantly above the fair value of €474,283, representing an excessive markup of €195,717 (29.2%). This property is notably overpriced for its market position.
Fair value modelled at €474,283 from the area baseline, adjusted for condition and location. Asking €670,000 sits €195,717 (29.2%) above — overpriced versus fair value.
Asking €670,000 versus the rua da Firmeza, 498 area baseline of €426,660 (€3,282/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 76/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua da Firmeza, 498
Area baseline €426,660 + condition +€3,250 + location +€44,373 = modelled fair value of €474,283 (€3,648/m²), a €195,717 (29.2%) gap versus the €670,000 asking price.
Long-term rental This 3-bed apartment in Porto exhibits a yield of only 3.3%, indicating that the property is not generating sufficient returns compared to the high acquisition cost of €670,000, which is 29.2% above its fair value. Consequently, investing in this property for long-term rental purposes would be financially imprudent given its overpriced status. Short-term vacation rental Given the recent surge in short-term rental demand in urban areas, the overall appeal of this apartment may seem enticing; however, its valuation at €670,000 is still significantly overstated compared to the fair value of €474,283. This premium pricing makes it challenging to achieve competitive pricing in the short-term rental market, marking it as an unwise investment. Buy-and-hold While Porto's strong real estate market shows promise for appreciation, this property is currently overpriced at €670,000 against a fair value of €474,283, yielding an unattractive 3.3%. Therefore, a buy-and-hold strategy would not be advisable given the significant gap between the purchase price and the fair market value. Not ideal for luxury market This apartment does not fit the luxury market, especially given its high listing price, which does not translate into the upscale qualities typical of luxury properties. Therefore, investing here would divert resources away from more suitable options. Not ideal for agricultural investment The 3-bed apartment is located in an urban setting, making it unsuitable for agricultural investment, which typically requires land for cultivation. Investing in this property with an agricultural strategy would fail to meet the essential criteria required for success in this field.
Tenant turnover risk The tenant stability score of 70/100 suggests a moderate risk of tenant turnover which could lead to increased vacancy rates and additional leasing costs.
