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, 3-bathroom apartment of 120 m². Located on rua da Alegria, Bonfim parish, Porto municipality, Porto district. This property generates significant rental income, with a proven annual revenue of over €50,000, making it an attractive investment opportunity in a sought-after area.
The valuation. The asking price of €475,000 is significantly above the fair value of €342,631, resulting in an overvaluation of €132,369 (27.9%). This suggests the property is overpriced given its current market standing.
Fair value modelled at €342,631 from the area baseline, adjusted for condition and location. Asking €475,000 sits €132,369 (27.9%) above — overpriced versus fair value.
Asking €475,000 versus the rua da Alegria area baseline of €407,640 (€3,397/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 83 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 82/100 (Housing Market 80 · Amenities 85 · Economic 85 · Tenant Quality 78). Strong amenities and housing-market momentum support a premium to baseline.
rua da Alegria
Area baseline €407,640 + condition +€9,375 + location +€37,816 = modelled fair value of €342,631 (€2,855/m²), a €132,369 (27.9%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria | Subject | €475,000 | €3,958 | — | 78 | 82 |
| Paranhos · b45333 | Active | €524,000 | €4,226 | 6.8% | 80 | 73 |
| avenida de Fernão de Magalhães | Active | €345,000 | €3,557 | 10.1% | 72 | 71 |
| rua de João Pedro Ribeiro, 804 | Active | €550,000 | €3,548 | 10.4% | 72 | 83 |
| Campanhã · 0900fd | Active | €385,000 | €3,348 | 15.4% | 87 | 80 |
| Median comp | €454,500 | €3,553 | 10.3% | 76 | 77 |
Long-term rental The 3-bed apartment listing in Bonfim at €475,000 shows a gross yield of 3.6%, which is relatively low compared to market norms and suggests that it may not generate adequate returns for long-term investors. Additionally, with the property priced 27.9% above its fair value of €342,631, it is unlikely to be a smart investment for steady rental income. Family rental Although the location benefits from good urban infrastructure and a strong neighborhood score of 82/100, the €475,000 asking price remains excessively high, limiting its attractiveness for family rentals. With a yield of just 3.6% and the price significantly above fair market value, families seeking affordable options may look elsewhere. Buy-and-hold Investing in this 3-bed apartment in Bonfim may seem appealing due to its decent condition rating of 80/100; however, the high price of €475,000 compared to a fair value of €342,631 indicates a lost opportunity for long-term capital appreciation. The elevated pricing, together with a modest yield of 3.6%, makes it difficult to justify a buy-and-hold strategy in a market that is already seeing price corrections.
Economic Sensitivity Risk With an economic stability score of 85, any downturn could significantly impact rental income, particularly as tenant stability is only slightly lower at 78.
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