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 93 m², built in 1988. Located on estrada Nova, Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Features: The apartment includes a sunroom that enhances natural light and a private garage, providing convenience in a well-connected urban area.
The valuation. The asking price of €289,000 is significantly above the fair value of €136,777, representing a discrepancy of 52.7%. Therefore, this property is considered overpriced.
Fair value modelled at €136,777 from the area baseline, adjusted for condition and location. Asking €289,000 sits €152,223 (52.7%) above — overpriced versus fair value.
Asking €289,000 versus the estrada Nova area baseline of €130,200 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 65 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
estrada Nova
Area baseline €130,200 + condition -€4,359 + location +€10,937 = modelled fair value of €136,777 (€1,471/m²), a €152,223 (52.7%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada Nova | Subject | €289,000 | €3,108 | — | 70 | 71 |
| Ermesinde · 90d912 | Active | €319,000 | €2,703 | 13.0% | 72 | 74 |
| estrada Nova | Active | €309,000 | €2,687 | 13.5% | 74 | 75 |
| rua dos Moutidos, 233 | Active | €345,000 | €2,464 | 20.7% | 74 | 70 |
| Ermesinde · 99f4e4 | Active | €292,000 | €2,781 | 10.5% | 70 | 61 |
| Median comp | €314,000 | €2,695 | 13.3% | 73 | 72 |
Family rental The property in Rio Tinto, listed at €289,000, is overpriced by 52.7% compared to its fair value of €136,777, making it a less favorable option for family rentals. With a gross yield of only 3.6% and a neighborhood score of 71/100, the financial return may not justify its high price point. Long-term rental Investing in this property for long-term rental purposes is questionable given its substantial overpricing, with a gap of 52.7% from fair value. The current yield at 3.6% does not indicate a strong rental performance, which may deter potential long-term tenants. Buy-and-hold Although a buy-and-hold strategy can be appealing in the right market, this property is significantly overpriced, making it a risky investment. The proximity to Porto might offer some advantages, yet the current valuation does not support a prudent buy-and-hold approach. Not ideal for luxury market The property is not suitable for the luxury market due to its overwhelming overvaluation and lower yield metrics. Additionally, the neighborhood's amenities and overall condition do not align with luxury investment standards. Not ideal for short-term vacation rental Short-term vacation rentals require a competitive edge, which this property lacks due to its 52.7% overpricing and modest yield. The suburban character of the Matosinhos neighborhood may not attract vacationers, further diminishing its viability in this strategy.
Tenant turnover risk High tenant turnover is a concern due to the 70/100 tenant stability score, which could lead to increased vacancy rates and associated costs.
