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. This apartment features a direct access to a spectacular terrace with unobstructed sea views, enhancing the coastal living experience in Mindelo.
The valuation. The asking price of €375,000 is significantly above the fair value of €183,223, rendering the property overpriced by €191,777 (51.1%). This discrepancy indicates a poor investment opportunity for potential buyers. Buy-to-flip angle. A buy-and-flip strategy here would not be realistic, given the high acquisition cost relative to fair market value, which limits potential resale profits. Costly renovations may be necessary to recapture initial investment outlay. Buy-to-let angle. With an estimated gross yield of 3.5% and a rental income of approximately €1,094 per month, the property could attract long-term tenants, yet the financial return remains modest compared to market potential.
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 €309,400 (€2,210/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.
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.
rua Bartolomeu Dias
Area baseline €309,400 + 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.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bartolomeu Dias | Subject | €375,000 | €2,679 | — | 65 | 63 |
| travessa do Gaiato | Active | €410,000 | €3,534 | 32.0% | 75 | 57 |
| rua Fernando Pessoa | Active | €425,000 | €2,576 | 3.8% | 74 | 59 |
| Mindelo · 82c788 | Active | €299,500 | €2,825 | 5.5% | 50 | 63 |
| Árvore · 0019b0 | Active | €327,000 | €2,070 | 22.7% | — | 68 |
| Median comp | €368,500 | €2,701 | 0.8% | 74 | 61 |
Long-term rental The property in Mindelo, valued at €375,000, is 51.1% above its fair value of €183,223, indicating it is overpriced for long-term leasing opportunities. With a gross yield of only 3.5% and below-average neighborhood ratings, this investment may not attract quality tenants willing to pay premium rents. Buy-and-hold As a buy-and-hold investment, the 2-bed apartment is fundamentally mispriced, given its €375,000 listing compared to a fair value of €183,223, leading to a substantial 51.1% premium. The lackluster yield of 3.5% and fair condition score of 65/100 suggest that the property may struggle to generate satisfactory returns over time. Family rental Listed at €375,000, this apartment's valuation is significantly misaligned with the fair value of €183,223, suggesting that it is overpriced for family-oriented tenants. Given the overall neighborhood score of 63/100 and the property's condition, potential long-term family renters might find better value elsewhere.
Tenant turnover risk With both economic and tenant stability scores at 60, there is a significant risk of increased tenant turnover impacting rental income consistency and property value stability.
