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.
3-bedroom, 2-bathroom house of 238 m², built in 1985, energy rating E. Located Carreço parish, Viana do Castelo municipality, Viana do Castelo district. Noteworthy Features: The property includes a garage and an office space on the ground floor, complemented by excellent sun exposure and a spacious backyard with an annex.
The valuation. The asking price of €247,500 exceeds the fair value of €165,768 by €81,732, representing a 33.0% premium. This property is considered overpriced based on its current condition and market trends.
Fair value modelled at €165,768 from the area baseline, adjusted for condition and location. Asking €247,500 sits €81,732 (33.0%) above — overpriced versus fair value.
Asking €247,500 versus the Carreço, Viana do Castelo, Viana do Castelo area baseline of €239,904 (€1,008/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 (Condition 50 · Materials 60 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Carreço, Viana do Castelo, Viana do Castelo
Area baseline €239,904 + condition -€81,813 + location +€7,677 = modelled fair value of €165,768 (€697/m²), a €81,732 (33.0%) gap versus the €247,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Carreço · 6c08b3 | Subject | €247,500 | €1,040 | — | 50 | 58 |
| Carreço · 4280a0 | Active | €247,500 | €1,040 | 0% | 60 | 62 |
| rua da Estrada Nacional | Active | €275,000 | €1,190 | 14.5% | — | 57 |
| rua do Souto | Active | €265,000 | €1,280 | 23.1% | 65 | 48 |
| Moledo e Cristelo · dc5d7d | Active | €380,000 | €1,267 | 21.8% | 60 | 49 |
| Median comp | €270,000 | €1,229 | 18.1% | 60 | 53 |
Long-term rental The property in Carreço is overpriced by 33.0%, as it has a fair value of €165,768, significantly lower than its listing price of €247,500. Despite a gross yield of 5.6%, the financial metrics do not justify the current asking price in this semi-rural location. Family rental Given the high valuation relative to fair market value, the 3-bed house is not an attractive option for family rentals at the listed price. The property's condition (53/100) and neighborhood score (58/100) further detract from its appeal in the competitive family rental market. Buy-and-hold As a buy-and-hold investment, this property appears overpriced with a gap of 33.0% from fair value, compromising long-term profitability. Local economic conditions, driven by commerce and agriculture, suggest the potential for limited growth, making this an unwise long-term investment choice.
Economic Vulnerability The economic stability score of 55/100 suggests a potential risk of reduced demand for rental properties, impacting tenant retention and vacancy rates adversely. Tenant Instability With a tenant stability score of 60/100, there is an increased risk of turnover, which can lead to higher costs associated with finding new tenants and potential loss of rental income.
