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 83 m². Located on rua do Morgado de Mateus, 123, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: This architect-renovated apartment boasts a unique interior wooden staircase and treated exterior walls, enhancing both elegance and durability in a sought-after Bonfim location.
The valuation. The asking price of €340,000 sits significantly above the fair value of €229,178, resulting in an overvaluation of €110,822 (32.6%). This property is not aligned with current market conditions.
Fair value modelled at €229,178 from the area baseline, adjusted for condition and location. Asking €340,000 sits €110,822 (32.6%) above — overpriced versus fair value.
Asking €340,000 versus the rua do Morgado de Mateus, 123 area baseline of €204,346 (€2,462/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 85 · Amenities 75 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua do Morgado de Mateus, 123
Area baseline €204,346 + condition +€1,945 + location +€22,887 = modelled fair value of €229,178 (€2,761/m²), a €110,822 (32.6%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Morgado de Mateus, 123 | Subject | €340,000 | €4,096 | — | 75 | 78 |
| Santa Marinha e São Pedro da Afurada · 4a7d11 | Active | €225,000 | €3,358 | 18.0% | 74 | 79 |
| Campanhã · 4a7daf | Active | €340,000 | €3,579 | 12.6% | 85 | 72 |
| rua Parque da República, 13 | Active | €285,000 | €3,167 | 22.7% | 76 | 71 |
| rua de Santa Catarina | Active | €320,000 | €4,444 | 8.5% | 75 | 73 |
| Median comp | €302,500 | €3,469 | 15.3% | 76 | 73 |
Long-term rental This property in Bonfim is overpriced by 32.6% compared to its fair value of €229,178, which diminishes its long-term rental appeal. Despite a decent yield of 5.9%, the purchasing price does not align well with market expectations, making it less attractive for sustained rental income. Buy-and-hold Investing in this apartment as a buy-and-hold strategy may be less favorable given its overvaluation and the resulting high entry costs. The potential returns will be hindered due to the significant gap from the fair value, which could impact long-term capital appreciation prospects. Short-term vacation rental As a short-term vacation rental, this property faces an uphill battle due to its 32.6% overpricing, which could deter profitable bookings. Even with the vibrant tourism scene in Porto, the discrepancy from fair value raises concerns about financial viability and competitiveness in the vacation rental market. Not ideal for student housing This property is not suitable for student housing, largely due to its overpriced nature at €340,000, making it an impractical option for a demographic that generally seeks affordable living arrangements. Given the fair value of €229,178, student tenants may find better alternatives that fit their budget more effectively.
Tenant Turnover Risk With a tenant stability score of 75/100, there is a heightened risk of turnover that could potentially lead to increased vacancy rates and loss of rental income.
