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 130 m², built in 2005, energy rating C. Located on rua Cidade de Vila Nova de Famalicão, 291, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. This apartment features a large balcony that connects directly from the living room, enhancing outdoor living space and providing excellent sun exposure throughout the day.
The valuation. The asking price of €295,000 is significantly above the fair value of €211,886, resulting in an overpricing of €83,114 or 28.2%. This indicates that the property is not competitively priced in the current market.
Fair value modelled at €211,886 from the area baseline, adjusted for condition and location. Asking €295,000 sits €83,114 (28.2%) above — overpriced versus fair value.
Asking €295,000 versus the rua Cidade de Vila Nova de Famalicão, 291 area baseline of €323,180 (€2,486/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 65/100 (Housing Market 65 · Amenities 60 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Cidade de Vila Nova de Famalicão, 291
Area baseline €323,180 + condition +€2,844 + location +€11,833 = modelled fair value of €211,886 (€1,630/m²), a €83,114 (28.2%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Vila Nova de Famalicão, 291 | Subject | €295,000 | €2,269 | — | 75 | 65 |
| Vila do Conde · f365bb | Active | €280,000 | €2,258 | 0.5% | 70 | 58 |
| Aver-o-Mar, Amorim e Terroso · 0017ca | Active | €220,000 | €2,075 | 8.5% | 68 | 62 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 49b97c | Active | €294,000 | €2,178 | 4.0% | 75 | 63 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 49b8f9 | Active | €269,000 | €4,483 | 97.6% | 73 | 56 |
| Median comp | €274,500 | €2,218 | 2.3% | 72 | 60 |
Long-term rental Despite the demand for rental properties in the area, this 2-bed apartment is currently overpriced, with a significant gap of 28.2% from its fair value. A gross yield of 3.2% does not adequately compensate for the overvaluation, making it less attractive for long-term hold. Family rental While the property is spacious enough to suit family needs, its market price is unsustainably high, exceeding fair value by 28.2%. The modest gross yield of 3.2% suggests limited profitability for families looking to settle in the area, reinforcing the notion that the property is overpriced. Buy-and-hold Investing in this apartment for a buy-and-hold strategy may yield disappointing returns due to its 28.2% premium over fair market value. The implications of its 3.2% gross yield further highlight that this property is priced out of reach for long-term investment opportunities.
Economic Vulnerability With an economic stability score of 60/100, the property may face higher risks from market fluctuations impacting its value and rental income potential significantly. Tenant Instability A tenant stability score of 70/100 indicates a moderate risk of turnover, which could lead to increased vacancies and lower rental revenue.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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