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, 2-bathroom duplex of 94 m², energy rating A+. Located on rua da Alegria, 840, Bonfim parish, Porto municipality, Porto district. Location: Situated on the iconic Rua da Alegria, this duplex features a generous terrace perfect for urban relaxation amidst the vibrant city atmosphere. Flexibility: The additional room offers versatile potential, suitable as an office or children's room, enhancing usability.
The valuation. The asking price of €355,000 is significantly above the fair value of €267,629, reflecting an excess of €87,371 (24.6%). Therefore, the property is overpriced.
Fair value modelled at €267,629 from the area baseline, adjusted for condition and location. Asking €355,000 sits €87,371 (24.6%) above — overpriced versus fair value.
Asking €355,000 versus the rua da Alegria, 840 area baseline of €231,428 (€2,462/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 85 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 80 · Amenities 75 · Economic 85 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Alegria, 840
Area baseline €231,428 + condition +€10,281 + location +€25,920 = modelled fair value of €267,629 (€2,847/m²), a €87,371 (24.6%) gap versus the €355,000 asking price.
Long-term rental The 1-bed duplex in Bonfim presents a gross yield of only 3.4%, which increasingly reflects its overpriced status at €355,000, 24.6% above the fair value of €267,629. Despite decent condition ratings and good access to public transportation, the property does not compensate for its elevated price with significant rental income potential. Family rental This property, while situated in a typical residential area with favorable amenities, is overpriced and unlikely to attract families looking for value. At €355,000, it exceeds fair value by 24.6%, suggesting that it may deter long-term tenants seeking affordable accommodations. Buy-and-hold Although a buy-and-hold strategy might yield returns over time, the current asking price of €355,000 places the property at a substantial 24.6% premium over its fair value. Holding onto this duplex may not be prudent, given the low gross yield of 3.4% and the overall affordability concerns in the Porto market.
Tenant turnover risk The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, potentially leading to increased vacancy rates and higher costs associated with finding new tenants and maintaining rental income.
