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, 2-bathroom apartment of 98 m², built in 2002, energy rating C. Located on parque Urbano e Mercadona, Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Features: This apartment boasts a heat recovery system and excellent natural light exposure, enhancing both comfort and energy efficiency in an urban setting.
The valuation. The asking price of €298,000 is €156,166 (52.4%) above the fair value of €141,834, indicating that the property is overpriced. This gap suggests a less favorable investment outlook for potential buyers.
Fair value modelled at €141,834 from the area baseline, adjusted for condition and location. Asking €298,000 sits €156,166 (52.4%) above — overpriced versus fair value.
Asking €298,000 versus the parque Urbano e Mercadona area baseline of €137,200 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 68 · Materials 72 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 65 · Economic 75 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
parque Urbano e Mercadona
Area baseline €137,200 + condition -€6,891 + location +€11,525 = modelled fair value of €141,834 (€1,447/m²), a €156,166 (52.4%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| parque Urbano e Mercadona | Subject | €298,000 | €3,041 | — | 68 | 71 |
| rua Particular Portelinha | Active | €258,000 | €3,634 | 19.5% | 70 | 80 |
| rua Doutor Armando José Pereira Tavares | Active | €280,000 | €2,240 | 26.3% | 68 | 70 |
| travessa Ferraria | Active | €259,500 | €3,244 | 6.7% | 64 | 73 |
| Rio Tinto · f35dce | Active | €299,000 | €2,848 | 6.4% | 78 | 70 |
| Median comp | €269,750 | €3,046 | 0.2% | 69 | 72 |
Long-term rental The current gross yield of 3.3% suggests limited profitability for long-term rental strategies, especially when considering the 52.4% gap from the fair value of €141,834. With the property being overpriced at €298,000, potential investors may struggle to achieve reasonable returns. Family rental The pricing at €298,000 places this 2-bed apartment beyond a practical entry point for families seeking affordable housing, especially given the substantial gap to fair value. The overpriced status may deter potential tenants who require budget-friendly options in a suburban setting. Buy-and-hold Investing in this property as a buy-and-hold strategy does not align with the overvaluation of €298,000 compared to its fair value of €141,834, negatively impacting future selling potential. Given the return dynamics, this strategy may not yield the desired appreciation one would expect in a more competitively priced market.
Tenant turnover risk High tenant instability, indicated by a Tenant Stability score of 65/100, poses a risk for increased vacancy rates and potential revenue loss as tenants may frequently change, impacting cash flow.
