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, 1-bathroom apartment of 91 m², energy rating D. Located on rua de Santa Catarina, 203A, Vila do Conde parish, Vila do Conde municipality, Porto district. This property features outdoor space with a barbecue and water supply, enhancing its appeal for entertaining in a coastal setting.
The valuation. The asking price of €270,000 is significantly above fair value, exceeding by €152,729 (56.6%). This property is evaluated as overpriced compared to its assessed worth of €117,271.
Fair value modelled at €117,271 from the area baseline, adjusted for condition and location. Asking €270,000 sits €152,729 (56.6%) above — overpriced versus fair value.
Asking €270,000 versus the rua de Santa Catarina, 203A area baseline of €127,400 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 65/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua de Santa Catarina, 203A
Area baseline €127,400 + condition -€17,773 + location +€7,644 = modelled fair value of €117,271 (€1,289/m²), a €152,729 (56.6%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Santa Catarina, 203A | Subject | €270,000 | €2,967 | — | 65 | 65 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 0017a8 | Active | €255,000 | €2,931 | 1.2% | 63 | 68 |
| rua da Quinta, 4 | Active | €255,000 | €2,931 | 1.2% | 55 | 63 |
| avenida Vasco da Gama | Active | €239,000 | €2,951 | 0.6% | — | 62 |
| rua São Miguel-o-Anjo, 667 | Active | €247,500 | €3,257 | 9.8% | — | 59 |
| Median comp | €251,250 | €2,941 | 0.9% | 59 | 63 |
Long-term rental The property’s current valuation of €270,000 is significantly above the fair value of €117,271, suggesting it is overpriced. With a gross yield of 4.3%, the returns do not justify the investment given the noticeable gap from fair market conditions. Family rental At a listing price of €270,000, this apartment does not represent an attractive option for families looking for long-term rentals, particularly given the overpriced valuation relative to the fair value. Additionally, while the neighborhood scores a moderate 65/100, the high purchase price may deter potential family tenants seeking quality housing at more reasonable rates. Buy-and-hold Even though the apartment is positioned in the suburban belt of Porto, which provides lower crime rates and moderate housing demand, the listing price of €270,000 is still significantly overpriced. Therefore, the potential appreciation in value for a buy-and-hold strategy is undermined by the substantial gap from the fair value of €117,271, making it a less appealing investment choice.
Tenant turnover risk: With both economic and tenant stability scores at 65/100, there's a heightened risk of tenant turnover, which may impact rental income and occupancy rates negatively.
