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 126 m², built in 1997, energy rating E. Located on rua João Chagas S / N, Ermesinde parish, Valongo municipality, Porto district. Noteworthy features: This fully renovated apartment boasts an impressive dual aspect with East and West facing windows, enhancing natural light throughout the day while reducing energy costs.
The valuation. The asking price of €324,500 is significantly above the fair value of €191,070, representing an overprice of €133,430 (41.1%). This property is not positioned as a value opportunity in the current market. Buy-to-flip angle. The buy-to-flip strategy would require investing in renovations to enhance the property's appeal, aiming for resale to capture a profit above the current asking price. However, given its current overvaluation, immediate profits may be difficult to achieve. Buy-to-let angle. The property presents a potential gross yield of 4%, with estimated monthly rental income around €1,082. This makes it feasible for long-term rental or family rental strategies, though the high purchase price may limit overall profitability.
Fair value modelled at €191,070 from the area baseline, adjusted for condition and location. Asking €324,500 sits €133,430 (41.1%) above — overpriced versus fair value.
Asking €324,500 versus the rua João Chagas S / N area baseline of €176,400 (€1,400/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 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 60 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua João Chagas S / N
Area baseline €176,400 + condition +€1,969 + location +€12,701 = modelled fair value of €191,070 (€1,516/m²), a €133,430 (41.1%) gap versus the €324,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Chagas S / N | Subject | €324,500 | €2,575 | — | 74 | 68 |
| avenida Doutor Fernando Melo | Active | €259,500 | €2,495 | 3.1% | 74 | 75 |
| Ermesinde · 96c19f | Active | €285,000 | €2,545 | 1.2% | 72 | 70 |
| Águas Santas · 6d5378 | Active | €310,000 | €2,627 | 2.0% | 72 | 73 |
| Baguim do Monte (Rio Tinto) · e40b11 | Active | €269,000 | €2,514 | 2.4% | 76 | 70 |
| Median comp | €277,000 | €2,530 | 1.8% | 73 | 72 |
Long-term rental This property in Ermesinde, listed at €324,500, is overpriced compared to its fair value of €191,070, leaving a significant gap of 41.1%. The 4% gross yield does not compensate for the inflated purchase price, making it less attractive for long-term rental investors. Family rental The family rental market in Valongo may not support the €324,500 asking price, considering the fair value is much lower at €191,070. With a 68/100 neighborhood rating, this property might struggle to attract families willing to pay a premium for rent in a suburb that requires careful market analysis. Buy-and-hold Investing in this property as a buy-and-hold is questionable, given its €324,500 listing price versus a fair valuation of €191,070, marking it as overpriced. The lack of alignment between potential rental income and purchase price reduces long-term appreciation opportunities for investors looking to retain assets in this suburb.
Economic and Tenant Stability Risk A score of 70/100 in both economic and tenant stability indicates a moderate risk of fluctuating rental income, potentially affecting overall property performance.
