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 125 m², built in 1992, energy rating E. Located on avenida Gaspar Baltar, 28, Penafiel parish, Penafiel municipality, Porto district. This apartment features two large exclusive-use terraces totaling 60 m², providing ample outdoor space for leisure, gardening, or entertaining, a rare find in urban living.
The valuation. The asking price of €280,000 sits significantly above the fair value of €180,227, making the property overpriced by €99,773, or 35.6%. Thus, this investment does not represent a viable opportunity in the current market.
Fair value modelled at €180,227 from the area baseline, adjusted for condition and location. Asking €280,000 sits €99,773 (35.6%) above — overpriced versus fair value.
Asking €280,000 versus the avenida Gaspar Baltar, 28 area baseline of €175,000 (€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 73). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 65/100 (Housing Market 60 · Amenities 65 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida Gaspar Baltar, 28
Area baseline €175,000 + condition -€5,273 + location +€10,500 = modelled fair value of €180,227 (€1,442/m²), a €99,773 (35.6%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Gaspar Baltar, 28 | Subject | €280,000 | €2,240 | — | 70 | 65 |
| avenida Sacadura Cabral, 62 | Active | €300,000 | €2,308 | 3.0% | 75 | 59 |
| Croca · 49b6bc | Active | €237,500 | €2,399 | 7.1% | 68 | 61 |
| Croca · 023c07 | Active | €237,500 | €2,399 | 7.1% | 70 | 64 |
| Penafiel · 0239d3 | Active | €240,000 | €1,805 | 19.4% | 60 | 65 |
| Median comp | €238,750 | €2,354 | 5.1% | 69 | 63 |
Family rental Given the property is overpriced at €280,000, the potential gross yield of 4.3% does not justify the premium above the fair value of €180,227. With the neighbourhood score at 65/100 and amenities being limited, it may deter long-term family tenants who seek affordable and functional living spaces. Buy-and-hold While buy-and-hold strategies typically capitalize on property appreciation over the long term, this apartment's price tag represents a significant 35.6% gap from its fair value, indicating it is overpriced. The current condition score of 72/100 suggests that while some maintenance may be possible, the investment could face challenges in realizing returns compared to more strategically priced alternatives. Long-term rental Investing in this property for long-term rental purposes is complex given that it is overpriced and yields only 4.3% gross, which fails to match the market's expectations for returns. The overall rural elements detract from tenant appeal, making it less likely to attract reliable long-term renters in a competitive housing environment.
Economic Vulnerability The economic stability score of 65/100 indicates potential vulnerability to economic downturns which could adversely affect long-term rental income prospects.
