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 115 m², built in 2008, energy rating D. Located Castelões parish, Penafiel municipality, Porto district. Noteworthy Feature: The apartment's private terrace is an exceptional outdoor space ideal for leisure, enhancing the overall living experience with a touch of exclusivity and privacy.
The valuation. The asking price of €224,000 sits at 49.6% above the fair value of €112,968, indicating that the property is overpriced. Such a significant discrepancy suggests that potential investors may need to reconsider their adoption of this asset.
Fair value modelled at €112,968 from the area baseline, adjusted for condition and location. Asking €224,000 sits €111,032 (49.6%) above — overpriced versus fair value.
Asking €224,000 versus the Castelões, Penafiel, Porto area baseline of €174,455 (€1,517/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 59/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Castelões, Penafiel, Porto
Area baseline €174,455 + condition +€4,313 + location +€3,776 = modelled fair value of €112,968 (€982/m²), a €111,032 (49.6%) gap versus the €224,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Castelões · 25f6ab | Subject | €224,000 | €1,948 | — | 74 | 59 |
| Sobretâmega · 0dcba4 | Active | €235,000 | €2,640 | 35.6% | 72 | 52 |
| Recezinhos (São Martinho) · 93757b | Active | €150,000 | €1,667 | 14.4% | 54 | 56 |
| Recezinhos (São Martinho) · 25f88b | Active | €117,500 | €1,175 | 39.7% | 45 | 62 |
| rua dos Quatro Irmaos, 823 | Active | €600,000 | €800 | 58.9% | — | 53 |
| Median comp | €192,500 | €1,421 | 27.0% | 54 | 55 |
Long-term rental The property is overpriced at €224,000, significantly exceeding its fair value of €112,968, reflecting a 49.6% gap. Given the 0% gross yield, it does not present a financially sound long-term rental investment opportunity. Family rental With a fair value considerably lower than the asking price, this 3-bed apartment does not align well with the family rental strategy, especially with its current valuation. Furthermore, the neighbourhood score of 59/100 suggests limited appeal to families seeking long-term housing options. Buy-and-hold Investing in this apartment for a buy-and-hold strategy is not advisable due to its market price being significantly above fair value, indicating the potential for loss if market conditions do not improve. Coupled with a low yield and below-average neighbourhood amenities, this property lacks the growth potential typically desired in a buy-and-hold investment.
Low tenant turnover risk The tenant stability score of 60/100 suggests potential fluctuations in tenant occupancy, impacting rental income consistency.
