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 120 m², built in 1994, energy rating C. Located on travessa Nova do Covelo, 101, Paranhos parish, Porto municipality, Porto district. Noteworthy Features: This apartment boasts two spacious balconies perfect for outdoor relaxation and entertaining, along with a dedicated garage space for convenient parking in the city.
The valuation. The asking price of €340,000 sits above the fair value of €321,609 by €18,391 (5.4%). This property is overpriced regarding its market value. Buy-to-flip angle. A resale or wholesale strategy may yield profit, but potential buyers should carefully consider renovations given the dated elements in the bedrooms. Buy-to-let angle. With an estimated rental income of €1,332/month, the gross yield stands at 4.7%, making it a viable long-term family rental option in the area.
Fair value modelled at €321,609 from the area baseline, adjusted for condition and location. Asking €340,000 sits €18,391 (5.4%) above — overpriced versus fair value.
Asking €340,000 versus the travessa Nova do Covelo, 101 area baseline of €393,840 (€3,282/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 74 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
travessa Nova do Covelo, 101
Area baseline €393,840 + condition -€3,375 + location +€29,544 = modelled fair value of €321,609 (€2,680/m²), a €18,391 (5.4%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa Nova do Covelo, 101 | Subject | €340,000 | €2,833 | — | 74 | 75 |
| rua de Santo Isidro | Active | €500,000 | €3,676 | 29.8% | 80 | 69 |
| Bonfim · 262017 | Active | €325,000 | €3,421 | 20.7% | 70 | 80 |
| Paranhos · 49b93c | Active | €299,000 | €3,934 | 38.9% | 72 | 79 |
| avenida de Fernão de Magalhães | Active | €345,000 | €3,557 | 25.5% | 70 | 85 |
| Median comp | €335,000 | €3,617 | 27.6% | 71 | 80 |
Long-term rental This property in Paranhos, Porto, is priced at €340,000, which is 5.4% above the fair value of €321,609, indicating a lack of potential for significant appreciation in the coming years. The gross yield of 4.7% does not sufficiently compensate for the elevated purchase price in a suburban area with primary urban amenities. Family rental Given the current asking price, this 3-bed apartment is overpriced at €340,000, leading to concerns for families seeking long-term stability in housing. With its moderate condition rating of 73, potential tenants may find more value in comparable properties at fairer pricing in the vicinity. Buy-and-hold Investing in this asset as a buy-and-hold strategy could be questionable due to its overpriced status at €340,000, given that the fair value is only €321,609. The strong proximity to Porto may offer some long-term value, but current valuation trends suggest limited upside. Not ideal for: This property is not well-suited for short-term rentals, the luxury market, or student housing, as its rating and pricing do not align with the expectations of those segments.
Economic Vulnerability The economic stability score of 75 indicates a moderate risk of economic downturns impacting rental income, while the tenant stability score of 70 suggests potential challenges in tenant retention and consistent rental payments, which could affect property cash flow.
