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, 3-bathroom apartment of 140 m². Located on rua Bartolomeu Dias, Mindelo parish, Vila do Conde municipality, Porto district. Noteworthy Features: This apartment boasts a fireplace in the common room and a direct terrace access with breathtaking views over Mindelo beach, enhancing its coastal living experience.
The valuation. The asking price of €375,000 is significantly above the fair value of €200,455, placing it €174,545 (46.5%) overvalued. This makes the property a less attractive investment opportunity given the current market conditions.
Fair value modelled at €183,223 from the area baseline, adjusted for condition and location. Asking €375,000 sits €191,777 (51.1%) above — overpriced versus fair value.
Asking €375,000 versus the rua Bartolomeu Dias area baseline of €196,000 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 65 · Materials 70 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 63/100 (Housing Market 65 · Amenities 65 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua Bartolomeu Dias
Area baseline €196,000 + condition -€22,969 + location +€10,192 = modelled fair value of €183,223 (€1,309/m²), a €191,777 (51.1%) gap versus the €375,000 asking price.
Long-term rental The 2-bed apartment in Mindelo is overpriced, with a significant gap of 46.5% from the fair value of €200,455, making it an unattractive long-term rental investment. The gross yield of 3.5% does not justify the elevated initial purchase price, especially in a neighborhood rated 63 out of 100. Buy-and-hold Considering its current listing price of €375,000, the apartment exemplifies an overpriced asset with a considerable fair value discrepancy. Holding onto this property is likely to yield minimal returns due to the prevailing market valuation and the property's mediocre condition rating of 65 out of 100. Family rental At a listing price far exceeding its fair value, this apartment is deemed overpriced and less appealing for family rental purposes. The average gross yield of 3.5% does not compensate for the high entry cost, particularly in a neighborhood that does not offer compelling advantages for families looking for rental options.
Economic and Tenant Instability The economic stability score of 60 and tenant stability score of 60 indicate potential volatility in rental income and property value, exposing the investment to risks associated with tenant turnover and economic downturns.
