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, 4-bathroom apartment of 92 m², built in 1997, energy rating F. Located on rua Álvaro de Castelões, 222, Paranhos parish, Porto municipality, Porto district. Noteworthy Features: This apartment includes a sunroom, providing additional natural light and an inviting space for relaxation, while its proximity to Covelo Park enhances outdoor living options.
The valuation. The asking price of €360,000 exceeds the fair value of €245,661 by €114,339, which is a 31.8% premium. This indicates that the property is overpriced.
Fair value modelled at €245,661 from the area baseline, adjusted for condition and location. Asking €360,000 sits €114,339 (31.8%) above — overpriced versus fair value.
Asking €360,000 versus the rua Álvaro de Castelões, 222 area baseline of €301,944 (€3,282/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 75 · Room dimensions 78). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Álvaro de Castelões, 222
Area baseline €301,944 + condition -€2,587 + location +€21,744 = modelled fair value of €245,661 (€2,670/m²), a €114,339 (31.8%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Álvaro de Castelões, 222 | Subject | €360,000 | €3,913 | — | 70 | 74 |
| travessa Mesa, 6 | Active | €365,000 | €4,451 | 13.8% | 80 | 74 |
| rua Instituto de Cegos S Manuel, 22 | Active | €335,000 | €3,284 | 16.1% | 70 | 77 |
| rua Silva Brinco, 681 | Active | €280,000 | €3,500 | 10.6% | 70 | 76 |
| rua Dom Afonso Henriques | Active | €315,000 | €1,567 | 60.0% | 70 | 71 |
| Median comp | €325,000 | €3,392 | 13.3% | 70 | 75 |
Long-term rental The 3-bed apartment in Paranhos is currently overpriced, sitting at €360,000 compared to a fair value of €245,661, resulting in a significant gap of 31.8%. With a gross yield of only 3.8%, it falls short of providing a realistic return in the long-term rental market. Family rental This property, priced at €360,000, does not represent a sound investment for family rental purposes as it exceeds the fair value of €245,661 by 31.8%. Given the unit's gross yield of 3.8% and a condition score of 73/100, potential investors may find better opportunities elsewhere. Buy-and-hold While the buy-and-hold strategy often leverages property appreciation, the current listing price of €360,000 indicates the apartment is overpriced compared to its fair value of €245,661, marking a 31.8% gap. With a gross yield of only 3.8%, the investment may not align with long-term profitability expectations. Not ideal for Short-term vacation rental and student housing are not appropriate strategies here, as the property's condition and yield do not support high turnover or demanding tenant profiles in these markets.
Tenant churn risk There is a 30% potential for tenant turnover based on a tenant stability score of 70/100, which could impact rental income and property management costs.
