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, 2-bathroom apartment of 122 m², built in 2011, energy rating C. Located on rua Comendador Nelson Quintas, 62, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Exceptional feature: This apartment's 40m² terrace, accessible from all rooms, creates an ideal indoor-outdoor living experience just a 500m walk from the beach, enhancing its lifestyle appeal.
The valuation. The asking price of €329,900 is significantly above the fair value of €207,324, with a premium of €122,576, equating to 37.2%. This property is considered overpriced based on current market conditions.
Fair value modelled at €207,324 from the area baseline, adjusted for condition and location. Asking €329,900 sits €122,576 (37.2%) above — overpriced versus fair value.
Asking €329,900 versus the rua Comendador Nelson Quintas, 62 area baseline of €185,074 (€1,517/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 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 61/100 (Housing Market 60 · Amenities 55 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Comendador Nelson Quintas, 62
Area baseline €185,074 + condition +€14,106 + location +€8,143 = modelled fair value of €207,324 (€1,699/m²), a €122,576 (37.2%) gap versus the €329,900 asking price.
Long-term rental The property in Uniao das Freguesias da Póvoa de Varzim, with a gap of 37.2% from its fair value, suggests it is overpriced for a long-term rental strategy. Despite a reasonable condition score of 82/100, the gross yield of 3.3% does not justify the current asking price in this suburban area. Family rental While Uniao das Freguesias da Póvoa de Varzim is situated in a relatively safe residential community, the property remains overpriced at €329,900 compared to its fair value of €207,324. The average neighborhood rating of 61/100 indicates that although suitable for families, the investment does not present a favorable opportunity at this price point. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy is not advisable since its listing price reflects a significant overvaluation of 37.2% against fair value. The offered yield of 3.3% is insufficient to compensate for the high investment cost in a market that may not appreciate significantly in the near term.
Economic Dependence Risk: With both economic and tenant stability scores at 65/100, there is a significant risk that economic downturns could lead to reduced demand and increased vacancy rates, adversely affecting cash flows.
