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, 1-bathroom apartment of 71 m², built in 1997, energy rating D. Located Fânzeres e São Pedro da Cova parish, Gondomar municipality, Porto district. Noteworthy Features: The apartment boasts a newly renovated kitchen featuring modern appliances, enhancing its appeal for potential tenants and investors. Location Advantage: Strategic proximity to IC29 ensures convenient access to Porto.
The valuation. The asking price of €248,000 is substantially above the fair value of €124,770, making this property overpriced by €123,230 or 49.7%. This significant discrepancy raises concerns for potential investors. Buy-to-flip angle. With a focus on resale, a strategic renovation could elevate this property’s appeal in the competitive Gondomar market, targeting a profitable flip. However, the current asking price poses a challenge for achieving desired margins. Buy-to-let angle. The estimated rental income of €785 per month yields approximately 3.8%, making this property a candidate for long-term family rentals. Yet, the high purchase price necessitates careful cash flow analysis before commitment.
Fair value modelled at €124,770 from the area baseline, adjusted for condition and location. Asking €248,000 sits €123,230 (49.7%) above — overpriced versus fair value.
Asking €248,000 versus the Fânzeres e São Pedro da Cova, Gondomar, Porto area baseline of €163,726 (€2,306/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 86/100 (Housing Market 80 · Amenities 90 · Economic 90 · Tenant Quality 85). Strong amenities and housing-market momentum support a premium to baseline.
Fânzeres e São Pedro da Cova, Gondomar, Porto
Area baseline €163,726 + condition +€1,553 + location +€15,510 = modelled fair value of €124,770 (€1,757/m²), a €123,230 (49.7%) gap versus the €248,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Fânzeres e São Pedro da Cova · ba3a36 | Subject | €248,000 | €3,493 | — | 74 | 86 |
| avenida Dom João I, 667 | Active | €262,000 | €2,817 | 19.3% | 75 | 72 |
| Rio Tinto · 38a0b4 | Active | €380,000 | €2,533 | 27.5% | 78 | 74 |
| rua Particular Portelinha | Active | €258,000 | €3,634 | 4.0% | 70 | 80 |
| Rio Tinto · 0901dc | Active | €285,000 | €3,353 | 4.0% | 75 | 81 |
| Median comp | €273,500 | €3,085 | 11.7% | 75 | 77 |
Long-term rental This property, listed at €248,000, is significantly overpriced compared to the fair value of €124,770, creating a substantial pricing gap of 49.7%. With a gross yield of only 3.8%, the investment returns do not justify the high entry price, making it a less favorable option for long-term rental. Buy-and-hold At €248,000, this apartment is overvalued when considering its fair value of €124,770, illustrating a 49.7% discrepancy. The modest yield of 3.8% combined with the high initial cost raises concerns about the long-term potential for appreciation in this buy-and-hold strategy. Family rental Given its listing price of €248,000 and fair value of €124,770, the property is clearly overpriced by 49.7%, presenting a financial risk for family rental purposes. Despite the neighborhood's strong rating of 86/100, the unattractive yield of 3.8% further diminishes its appeal as a family rental investment.
Economic downturn risk A significant economic downturn could impact the property despite a high economic stability score of 90, as even stable economies can face unexpected declines that might reduce tenant demand and rental income.
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