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, 1-bathroom apartment of 123 m², energy rating F. Located on rua Engenheiro Armando de Magalhães, 538, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The apartment's configuration allows for easy conversion back to a T3 layout, and it boasts a private outdoor area of approximately 60m² suitable for leisure or gardening.
The valuation. The asking price of €245,000 is significantly above the fair value of €144,992, representing an overpricing of €100,008 (40.8%). This property fails to present a compelling investment opportunity based on its current valuation.
Fair value modelled at €144,992 from the area baseline, adjusted for condition and location. Asking €245,000 sits €100,008 (40.8%) above — overpriced versus fair value.
Asking €245,000 versus the rua Engenheiro Armando de Magalhães, 538 area baseline of €172,200 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 (Condition 55 · Materials 60 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 70 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Engenheiro Armando de Magalhães, 538
Area baseline €172,200 + condition -€43,050 + location +€15,842 = modelled fair value of €144,992 (€1,179/m²), a €100,008 (40.8%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Armando de Magalhães, 538 | Subject | €245,000 | €1,992 | — | 55 | 73 |
| rua Sol, 139 | Active | €233,000 | €2,178 | 9.3% | 70 | 75 |
| Ermesinde · 0dcf03 | Active | €250,000 | €2,841 | 42.6% | 42 | 64 |
| rua José Domingos da Costa, 62 | Active | €255,000 | €1,848 | 7.2% | 72 | 71 |
| rua Dom Afonso Henriques | Active | €295,000 | €1,967 | 1.3% | 65 | 75 |
| Median comp | €252,500 | €2,073 | 4.0% | 68 | 73 |
Long-term rental The property is priced at €245,000, which is 40.8% above its fair value of €144,992, indicating an overpriced market situation. Given the gross yield of 4.2% and the average neighbourhood score of 73/100, long-term rental expectations may be hindered by the current valuation and property condition. Family rental The current listing of €245,000 exceeds the fair value by 40.8%, presenting a challenge for family rental viability in this suburban area. While the neighbourhood boasts a decent quality rating of 73/100, the property’s condition score of 53/100 disrupts the potential appeal for family-oriented tenants. Buy-and-hold With the property valued at €245,000, reflecting a significant overpricing of 40.8% compared to its fair value of €144,992, future appreciation may prove challenging. The decent gross yield of 4.2% combined with a mixed property condition suggests the buy-and-hold strategy may not yield the expected returns.
Economic Uncertainty The economic stability score of 75/100 indicates potential fluctuations in local market conditions, which could adversely affect rental income and property value.
