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 apartment of 106 m² on the 3rd floor, built in 1983, energy rating D. Located Mindelo parish, Vila do Conde municipality, Porto district. Noteworthy Features: This top-floor apartment not only boasts stunning sea views but also benefits from an excellent west-facing exposure, ideal for sunset lovers.
The valuation. The asking price of €299,500 is significantly above the fair value of €124,151, resulting in an overpricing of €175,349 (58.5%). This property does not present an attractive investment opportunity.
Fair value modelled at €124,151 from the area baseline, adjusted for condition and location. Asking €299,500 sits €175,349 (58.5%) above — overpriced versus fair value.
Asking €299,500 versus the Mindelo, Vila do Conde, Porto area baseline of €234,260 (€2,210/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 (Condition 50 · Materials 60 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 65 · Amenities 55 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Mindelo, Vila do Conde, Porto
Area baseline €234,260 + condition -€31,966 + location +€7,717 = modelled fair value of €124,151 (€1,171/m²), a €175,349 (58.5%) gap versus the €299,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mindelo · 82c788 | Subject | €299,500 | €2,825 | — | 50 | 63 |
| Árvore · 0019b0 | Active | €327,000 | €2,070 | 26.8% | — | 68 |
| rua Bartolomeu Dias | Active | €375,000 | €2,679 | 5.2% | 65 | 63 |
| rua Fernando Pessoa | Active | €425,000 | €2,576 | 8.8% | 74 | 59 |
| Árvore · 001b45 | Active | €327,000 | €3,056 | 8.2% | — | 70 |
| Median comp | €351,000 | €2,628 | 7.0% | 70 | 66 |
Long-term rental Despite a gross yield of 4.6%, the property is overpriced at €299,500 compared to the fair value of €124,151, reflecting a significant gap of 58.5%. The neighborhood score of 63/100 suggests that while it may be suitable for long-term tenants, the high entry price diminishes the attractiveness of this investment strategy. Family rental While the apartment could cater to the family demographic, the current pricing places it at a disadvantage with respect to comparably priced options in the area. Buyers should be cautious, as the property's condition rating of 56/100 suggests that significant upkeep may be needed to appeal to potential family tenants despite the local amenities. Buy-and-hold The property’s pricing significantly exceeds its fair value, which presents a challenge for a buy-and-hold strategy focused on long-term appreciation. At a listing price of €299,500 and a fair value of €124,151, the potential for capital growth appears limited, making it a less appealing long-term investment in the current market context.
Economic Volatility Risk The economic stability score of 60/100 indicates a moderate risk of economic fluctuations that could impact rental income.
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