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 83 m², built in 2000, energy rating D. Located Fajozes parish, Vila do Conde municipality, Porto district. Unique Feature: This apartment includes a spacious terrace perfect for alfresco dining, and is located just 200 meters from the beach in the desirable Caxinas area of Vila do Conde.
The valuation. The asking price of €299,000 is significantly above the fair value of €135,871, marking an overvaluation of €163,129 (54.6%). This indicates that the property is overpriced in today's market conditions.
Fair value modelled at €135,871 from the area baseline, adjusted for condition and location. Asking €299,000 sits €163,129 (54.6%) above — overpriced versus fair value.
Asking €299,000 versus the Fajozes, Vila do Conde, Porto area baseline of €136,867 (€1,649/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 (Condition 86 · Materials 82 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 70 · Amenities 65 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Fajozes, Vila do Conde, Porto
Area baseline €136,867 + condition +€10,375 + location +€9,296 = modelled fair value of €135,871 (€1,637/m²), a €163,129 (54.6%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Fajozes · 3894a7 | Subject | €299,000 | €3,602 | — | 86 | 70 |
| praceta Rio Ave | Active | €310,000 | €2,672 | 25.8% | 71 | 70 |
| rua do Salteiro | Active | €320,000 | €2,602 | 27.8% | 78 | 75 |
| rua N, 7, 50 | Active | €392,000 | €2,882 | 20.0% | 80 | 68 |
| rua do Monte e Novo Arruamento | Active | €170,000 | €2,361 | 34.5% | 68 | 69 |
| Median comp | €315,000 | €2,637 | 26.8% | 75 | 70 |
Long-term rental The 2-bed apartment in Fajozes is overpriced at €299,000, significantly above the fair value of €135,871, indicating a 54.6% gap that suggests a lack of appeal for long-term tenants. With a 0% gross yield and a neighborhood rating of 70/100, this investment lacks the requisite financial return potential. Family rental While Fajozes benefits from proximity to Porto's economic activities and decent school quality, the apartment's significant markup makes it a less attractive option for family renters. The overall attractiveness of the property is diminished by its 0% gross yield and high asking price, which may deter families seeking affordable housing. Value-add renovation Investing in renovation to enhance the 84/100 condition of the apartment could be a tempting proposition, but the current asking price of €299,000 is clearly overpriced compared to the fair value of €135,871. Any potential appreciation following renovations is unlikely to offset the initial overvaluation, limiting the investment's viability in the long run.
Economic-tenant dependency risk The economic stability score of 70/100 indicates a moderate risk should economic conditions worsen, potentially affecting tenant stability at the same score of 70/100, leading to increased vacancy rates or rent defaults.
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