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.
1-bedroom, 1-bathroom apartment of 70 m². Located on rua Visconde das Devesas, 20, Santa Marinha e São Pedro da Afurada parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment features a spacious living area with a modular partition, allowing seamless conversion into an office or reading nook, enhancing its functionality for diverse lifestyles.
The valuation. The asking price of €248,500 is €50,255 above the fair value of €198,245, representing a 20.2% premium. This clearly indicates that the property is overpriced and may not yield a favorable return on investment.
Fair value modelled at €198,245 from the area baseline, adjusted for condition and location. Asking €248,500 sits €50,255 (20.2%) above — overpriced versus fair value.
Asking €248,500 versus the rua Visconde das Devesas, 20 area baseline of €186,480 (€2,664/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 (Condition 85 · Materials 86 · Room dimensions 82). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Visconde das Devesas, 20
Area baseline €186,480 + condition +€8,750 + location +€15,965 = modelled fair value of €198,245 (€2,832/m²), a €50,255 (20.2%) gap versus the €248,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Visconde das Devesas, 20 | Subject | €248,500 | €3,550 | — | 85 | 73 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 49b68b | Active | €299,000 | €4,983 | 40.4% | 78 | 79 |
| Bonfim · 41ffb0 | Active | €305,000 | €3,389 | 4.5% | 75 | 75 |
| rua do Cativo | Active | €380,000 | €3,838 | 8.1% | 80 | 72 |
| rua Colégio do Sardão | Active | €185,000 | €3,854 | 8.6% | 75 | 67 |
| Median comp | €302,000 | €3,846 | 8.3% | 77 | 74 |
Long-term rental Given the current pricing of €248,500, this 1-bed apartment demonstrates an 20.2% gap against its fair value of €198,245, indicating that the investment may not yield attractive returns for long-term rental. The gross yield of 3.9% falls below standard expectations, suggesting that this property is overpriced. Buy-and-hold Investing in this property for a buy-and-hold strategy poses significant risks, as the substantial gap from its fair value means potential appreciation is unlikely to compensate for the initial overvaluation. The neighbourhood's score of 73/100 may provide some long-term stability, but the current pricing undermines the investment's viability. Family rental While this apartment could serve family needs due to its location in the northern Porto metro area, its current listing price of €248,500 reflects an overvaluation compared to its fair value of €198,245. Consequently, the expected rental income is diluted by the high initial cost, making it less appealing for family rental purposes.
Potential Economic Decline The economic stability score of 70 indicates a moderate risk for potential downturns that could affect rental income and long-term investment returns.
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