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, 2-bathroom apartment of 79 m², built in 2008. Located on rua Henrique Alves Costa, 24, Ramalde parish, Porto municipality, Porto district. Noteworthy Features: The apartment features home automation systems controlling lighting and heating remotely, ensuring convenience and energy efficiency, alongside premium finishes including marble bathrooms and solid oak flooring.
The valuation. The asking price of €395,000 is significantly above the fair value of €222,674, representing an overvaluation of €172,326 (43.6%). This indicates that the property is overpriced in the current market context.
Fair value modelled at €222,674 from the area baseline, adjusted for condition and location. Asking €395,000 sits €172,326 (43.6%) above — overpriced versus fair value.
Asking €395,000 versus the rua Henrique Alves Costa, 24 area baseline of €261,806 (€3,314/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 78 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Henrique Alves Costa, 24
Area baseline €261,806 + condition +€9,505 + location +€18,672 = modelled fair value of €222,674 (€2,819/m²), a €172,326 (43.6%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Henrique Alves Costa, 24 | Subject | €395,000 | €5,000 | — | 78 | 74 |
| rua Pedro Homem de Melo | Active | €700,000 | €5,469 | 9.4% | 78 | 71 |
| rua de Júlio Dinis, 272 | Active | €495,000 | €5,756 | 15.1% | 75 | 75 |
| rua do Ferraz | Active | €760,000 | €6,230 | 24.6% | 75 | 86 |
| rua das Flores | Active | €760,000 | €7,451 | 49.0% | 79 | 79 |
| Median comp | €730,000 | €5,993 | 19.9% | 77 | 77 |
Long-term rental The property's gross yield of 3.2% is suboptimal given the substantial gap of 43.6% from its fair value, indicating that long-term rental returns may be inadequate. This is further compounded by the overall property being considered overpriced, which diminishes the potential for satisfactory investment performance over time. Buy-and-hold Holding onto this apartment while it's overpriced at €395,000 could hinder capital appreciation and result in a lack of favorable returns. With a fair value of €222,674, this investment strategy is not recommended as the property's current price does not support meaningful growth potential. Family rental As a family rental option, this property struggles due to its overpriced nature and relatively low yield of 3.2%. The 43.6% gap from its fair value might make it less appealing for families looking for affordable long-term housing in a gradually growing neighborhood.
Potential lease turnover risk: With a tenant stability score of 70/100, there's a risk of higher lease turnover, which could create periods of vacancy and impact cash flow.
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