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.
4-bedroom, 0-bathroom house of 250 m², energy rating E. Located on rua de Miragaia, Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória parish, Porto municipality, Porto district. This property boasts a unique opportunity for expansion with a potential construction area of up to 500 m², capitalizing on exceptional views of the Douro River.
The valuation. The asking price of €1,220,000 is significantly above the fair value of €609,581, making it overpriced by €610,419 (50.0%). This discrepancy indicates that prospective buyers may find better opportunities elsewhere. Buy-to-flip angle. A buy-to-flip strategy for this property would require significant renovations to increase its appeal, aiming for a quicker resale at a higher price to recoup initial investments. This approach, however, is challenging given the current asking price. Buy-to-let angle. With an estimated gross yield of 2.6% (~€2,643/month), a buy-to-let strategy may provide a modest return, yet the low yield relative to the high purchase price suggests limited profitability over time compared to market norms.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Miragaia | Subject | €1,220,000 | €4,880 | — | — | 75 |
| Paranhos · ba3d5c | Active | €497,000 | €3,336 | 31.6% | 40 | 74 |
| rua do Bonjardim | Active | €875,000 | €5,117 | 4.9% | 35 | 69 |
| rua do Bonfim | Active | €430,000 | €2,756 | 43.5% | — | 73 |
| rua Major Pala | Active | €215,000 | €2,263 | 53.6% | 30 | 69 |
| Median comp | €463,500 | €3,046 | 37.6% | 35 | 71 |
Long-term rental The property’s gross yield of 2.6% indicates that the rental income may not justify the current asking price of €1,220,000, especially when the fair value is significantly lower at €609,581. Given the neighbourhood's quality rating of 75/100, potential long-term tenants may not be willing to pay a premium for this overpriced property. Buy-and-hold Investing in this property at the listed price would present substantial long-term risks, as it is priced 50% above its fair value of €609,581. With a declining rental yield of 2.6%, the potential for significant appreciation may not be sufficient to offset the current overpricing. Value-add renovation Although some properties can improve in value after renovations, investing in this house at a listing price of €1,220,000—far above its fair value—presents challenges in recovering renovation costs. Furthermore, with a condition score of 0/100, the extensive work needed may not yield returns that justify the initial investment in this overpriced property.
[Economic Risk Due to Tenant Stability] With a tenant stability score of 70/100, there is a risk of potential fluctuations in rent collections, as lower stability may indicate a higher turnover rate.
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