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 74 m², energy rating C. Located on praceta Irene de Castro, 23, Campanhã parish, Porto municipality, Porto district. Noteworthy Features: The apartment boasts double-glazed windows with advanced thermal and acoustic insulation, significantly enhancing comfort and energy efficiency in a vibrant urban setting. Location: Nestled in a serene green area, yet just minutes from public transport hubs and local amenities.
The valuation. The asking price of €295,000 is significantly above the fair value of €207,471, indicating an excess of €87,529 (29.7%). This property is overpriced, making it a less attractive investment opportunity.
Fair value modelled at €207,471 from the area baseline, adjusted for condition and location. Asking €295,000 sits €87,529 (29.7%) above — overpriced versus fair value.
Asking €295,000 versus the praceta Irene de Castro, 23 area baseline of €224,664 (€3,036/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 82 · Materials 88 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
praceta Irene de Castro, 23
Area baseline €224,664 + condition +€9,250 + location +€16,033 = modelled fair value of €207,471 (€2,804/m²), a €87,529 (29.7%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Irene de Castro, 23 | Subject | €295,000 | €3,986 | — | 82 | 72 |
| Campanhã · 0900fd | Active | €385,000 | €3,348 | 16.0% | 87 | 80 |
| Campanhã · 090118 | Active | €365,000 | €3,411 | 14.4% | 85 | 78 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 023a6c | Active | €390,000 | €4,756 | 19.3% | 80 | 74 |
| rua do Bonjardim S / N | Active | €379,000 | €3,296 | 17.3% | 80 | 83 |
| Median comp | €382,000 | €3,380 | 15.2% | 83 | 79 |
Long-term rental Despite its suburban location and proximity to urban amenities, this 2-bed apartment in Campanhã is overpriced by 29.7% compared to its fair value of €207,471, yielding only a 3.9% gross return which limits profitability. Given the neighbourhood score of 72/100, the property may appeal to long-term tenants, but the high listing price raises concerns about sustained rental demand. Family rental The 2-bed apartment's condition rating of 85/100 indicates that it is well-maintained, potentially making it suitable as a family rental; however, at €295,000, its price exceeds fair market value. Families often seek value-for-money options in the rental market, and this property, with a fair value of €207,471, may not meet those expectations due to its current listing. Buy-and-hold Investing in this Campanhã property as a buy-and-hold strategy seems inadvisable, given its 29.7% overvaluation and a modest gross yield of 3.9%. While it is situated in a decent neighbourhood with urban access, the high purchase price compromises future appreciation potential, making it a less attractive investment.
Tenant turnover risk The tenant stability score of 65/100 indicates a moderate likelihood of turnover, which could lead to potential income instability and increased vacancy rates.
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