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, 1-bathroom apartment of 100 m², built in 1985, energy rating E. Located on rua da Alegria, Vila do Conde parish, Vila do Conde municipality, Porto district. Noteworthy Features: The apartment includes an attic over half the dwelling's size, offering potential for future interior access, and is located steps away from the beach amenities in Caxinas.
The valuation. The asking price stands at €259,000, which is €120,328 or 46.5% above the fair value of €138,673. This property is overpriced and not a viable investment at this price point.
Fair value modelled at €138,673 from the area baseline, adjusted for condition and location. Asking €259,000 sits €120,328 (46.5%) above — overpriced versus fair value.
Asking €259,000 versus the rua da Alegria area baseline of €251,900 (€2,519/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 56/100 (Housing Market 50 · Amenities 55 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua da Alegria
Area baseline €251,900 + condition -€4,688 + location +€3,360 = modelled fair value of €138,673 (€1,387/m²), a €120,328 (46.5%) gap versus the €259,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria | Subject | €259,000 | €2,590 | — | 70 | 56 |
| Vila do Conde · 001816 | Active | €275,000 | €3,873 | 49.5% | 75 | 56 |
| praça do Almada | Active | €250,000 | €3,289 | 27.0% | 70 | 64 |
| rua 5 de Outubro S / N | Active | €320,000 | €3,265 | 26.1% | 75 | 61 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 0017a8 | Active | €255,000 | €2,931 | 13.2% | 63 | 68 |
| Median comp | €265,000 | €3,277 | 26.5% | 73 | 63 |
Long-term rental Despite a gross yield of 5.4%, the apartment at €259,000 is significantly overpriced, as its fair value stands at €138,673, reflecting a 46.5% gap. Given the neighborhood's low rating of 56/100 and economic instability tied to agricultural and seasonal jobs, long-term rental prospects may be below expectations. Buy-and-hold The anticipated long-term appreciation potential for this property is diminished due to its substantially overpriced listing of €259,000 versus the fair value of €138,673. With a residential condition rating of only 72/100 and concerns about the tenant quality in a suburban market, holding this asset may not yield favorable returns. Value-add renovation While potential renovations could improve the condition rating, the current price of €259,000 makes this property overpriced compared to its fair value of €138,673. The cost-effectiveness of any upgrades may be hampered by the low neighborhood rating and limited appeal of the local job market, impacting overall investment viability.
Tenant turnover risk With a Tenant stability score of 60/100, there is a risk of higher vacancy rates and associated costs due to potential instability in tenant retention.
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