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 118 m². Located Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: This apartment includes two balconies for outdoor enjoyment, enhancing the living space with natural light and pleasant views in a quiet residential area.
The valuation. The asking price of €319,000 is significantly above the fair value of €182,534, resulting in an overvaluation of €136,466 (42.8%). This property is not a good buy at its current price. Buy-to-flip angle. With enhancements from its sophisticated finishes and quality materials, a resale strategy could target renovation enthusiasts looking to capitalize on aesthetic upgrades. However, the significant markup may hinder attractive flipping margins. Buy-to-let angle. A rental strategy would yield a gross return of approximately 3.3%, with estimates of €877/month in rental income. This strategy aligns with the area's steady demand for family rentals due to proximity to Porto.
Fair value modelled at €182,534 from the area baseline, adjusted for condition and location. Asking €319,000 sits €136,466 (42.8%) above — overpriced versus fair value.
Asking €319,000 versus the Ermesinde, Valongo, Porto area baseline of €165,200 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 70 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Ermesinde, Valongo, Porto
Area baseline €165,200 + condition +€1,475 + location +€15,859 = modelled fair value of €182,534 (€1,547/m²), a €136,466 (42.8%) gap versus the €319,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · 90d912 | Subject | €319,000 | €2,703 | — | 72 | 74 |
| estrada Nova | Active | €289,000 | €3,108 | 14.9% | 70 | 71 |
| estrada Nova | Active | €309,000 | €2,687 | 0.6% | 74 | 75 |
| rua dos Moutidos, 233 | Active | €345,000 | €2,464 | 8.8% | 74 | 70 |
| Ermesinde · 99f4e4 | Active | €292,000 | €2,781 | 2.9% | 70 | 61 |
| Median comp | €300,500 | €2,734 | 1.1% | 72 | 71 |
Long-term rental The 3-bed apartment in Ermesinde is currently listed at €319,000, significantly above its fair value of €182,534, indicating it is overpriced by 42.8%. With a gross yield of only 3.3%, this property may struggle to attract long-term tenants in a competitive rental market. Family rental While proximity to Porto ensures steady demand, the high price point of €319,000 compared to the fair value suggests that this family rental investment may not generate the intended returns. The average condition rating of 76/100 and the neighbourhood score of 74/100 further indicate the property may not appeal competitively to potential tenants. Buy-and-hold Investing in this property as a buy-and-hold strategy seems less favorable given the 42.8% gap between asking price and fair value, making it a questionable long-term investment. The modest gross yield of 3.3% does not justify the high initial cost, raising concerns about future capital appreciation and overall profitability.
Economic and Tenant Score Risk The economic and tenant stability scores of 70/100 suggest a moderate risk of potential fluctuations in rental income and tenant turnover, which could impact investment returns.
