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 119 m², built in 2000, energy rating C. Located on rua Doutor Joaquim Nogueira dos Santos, 884, Milheiros parish, Maia municipality, Porto district. This apartment features a spacious balcony off the living room, ideal for outdoor relaxation, and built-in wardrobes in each bedroom maximizing storage space.
The valuation. The asking price of €290,000 is positioned significantly above the fair value of €204,569, resulting in an overpriced verdict of €85,431 (29.5%). This disparity suggests that the property may not be a sound investment at the current asking price.
Fair value modelled at €204,569 from the area baseline, adjusted for condition and location. Asking €290,000 sits €85,431 (29.5%) above — overpriced versus fair value.
Asking €290,000 versus the rua Doutor Joaquim Nogueira dos Santos, 884 area baseline of €302,022 (€2,538/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 76 · Materials 80 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 72 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Joaquim Nogueira dos Santos, 884
Area baseline €302,022 + condition +€7,438 + location +€16,608 = modelled fair value of €204,569 (€1,719/m²), a €85,431 (29.5%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Joaquim Nogueira dos Santos, 884 | Subject | €290,000 | €2,437 | — | 76 | 73 |
| rua D. Manuel | Active | €320,000 | €2,909 | 19.4% | 70 | 70 |
| rua António Marques, 2 | Active | €294,000 | €3,000 | 23.1% | 70 | 69 |
| Ermesinde · 25f56b | Active | €289,000 | €2,919 | 19.8% | 74 | 74 |
| Ermesinde · 99f4e4 | Active | €292,000 | €2,781 | 14.1% | 70 | 61 |
| Median comp | €293,000 | €2,914 | 19.6% | 70 | 70 |
Family rental The 2-bed apartment in Milheiros has a fair value significantly below its listing price, which indicates it may not yield favorable returns for family rental purposes. With a gross yield of only 3.9%, the potential income does not justify the purchase price, making it an unattractive investment for families. Long-term rental Investing in this property for long-term rental is not advisable given its current listing of €290,000, which is 29.5% above the fair value. The combination of an inadequate yield and high purchase price could hinder cash flow and overall return on investment. Buy-and-hold The buy-and-hold strategy would be unwise for this Milheiros apartment due to its overpriced status, as it exceeds fair market value by a notable margin. This could result in limited appreciation potential and negative cash flow in the long run, diminishing the attractiveness of a hold strategy.
Economic Sensitivity The property's economic stability score of 75/100, while decent, suggests vulnerability to market fluctuations that could affect rental income and overall investment returns. Tenant Uncertainty A tenant stability score of 75/100 indicates potential turnover risks, which may lead to increased vacancy rates and costs associated with finding new tenants.
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