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 97 m², built in 1995, energy rating C. Located on avenida de Fernão de Magalhães, Bonfim parish, Porto municipality, Porto district. Notable Features: The apartment boasts a well-designed kitchen with high-end appliances and a practical basement storage unit, adding convenience for urban living in Porto's vibrant Bonfim area.
The valuation. The asking price of €345,000 sits significantly above the fair value of €267,701, representing an overpricing of €77,299 or 22.4%. Buyers should exercise caution and consider negotiating or seeking alternative investments in the area.
Fair value modelled at €267,701 from the area baseline, adjusted for condition and location. Asking €345,000 sits €77,299 (22.4%) above — overpriced versus fair value.
Asking €345,000 versus the avenida de Fernão de Magalhães area baseline of €238,814 (€2,462/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 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 85/100 (Housing Market 90 · Amenities 90 · Economic 90 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
avenida de Fernão de Magalhães
Area baseline €238,814 + condition -€4,547 + location +€33,434 = modelled fair value of €267,701 (€2,760/m²), a €77,299 (22.4%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida de Fernão de Magalhães | Subject | €345,000 | €3,557 | — | 70 | 85 |
| Bonfim · 262017 | Active | €325,000 | €3,421 | 3.8% | 70 | 80 |
| travessa Nova do Covelo, 101 | Active | €340,000 | €2,833 | 20.3% | 74 | 75 |
| avenida de Fernão de Magalhães | Active | €345,000 | €3,557 | 0% | 72 | 71 |
| rua de Santo Isidro | Active | €500,000 | €3,676 | 3.4% | 80 | 69 |
| Median comp | €342,500 | €3,489 | 1.9% | 73 | 73 |
Long-term rental The property in Bonfim, Porto is currently overpriced by 22.4% compared to its fair value, which diminishes the potential for a stable long-term rental return. With a gross yield of 5.8%, the investment may not generate sufficient cash flow to justify the initial capital outlay given its inflated price. Buy-and-hold Investing in this 3-bed apartment as a buy-and-hold strategy may face challenges due to its current price being 22.4% above fair value, making it less appealing for long-term appreciation. The exit strategy could be compromised as market growth might not offset the initial investment level given the current overvaluation. Short-term vacation rental The high demand for housing in the densely populated Bonfim area could support short-term rental income, but the property's price being 22.4% over fair value raises concerns about ROI. Although the neighbourhood is rated 85/100, the expensive entry point could limit profitability and hinder competitive booking potential against better-priced alternatives. Not ideal for: Agricultural investment, Student housing This property is located in a central urban area, making it unsuitable for agricultural investment and likely overstretched in terms of student housing, given its price and investment strategy limitations.
Potential Tenant Turnover The tenant stability score of 75/100 indicates a moderate risk of turnover, which could lead to increased vacancy rates and associated costs.
