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.
0-bedroom, 0-bathroom mix_use_building of 355 m², energy rating B. Located on rua Formosa, 183, Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória parish, Porto municipality, Porto district. The property boasts a unique blend of historical architectural charm with modern design, enhanced by high ceilings and a skylight that infuses the interiors with natural light.
The valuation. The asking price of €3,100,000 significantly exceeds the fair value of €1,341,864 by €1,758,136 (56.7%), indicating that this property is overpriced. Buy-to-flip angle. A buy-to-flip strategy could involve cosmetic renovations aimed at enhancing appeal before quickly reselling to capitalize on urban demand. Buy-to-let angle. Implementing a buy-to-let strategy provides an opportunity for long-term rental income given the central Porto location, which is attractive to various tenant types.
Fair value modelled at €1,341,864 from the area baseline, adjusted for condition and location. Asking €3,100,000 sits €1,758,136 (56.7%) above — overpriced versus fair value.
Asking €3,100,000 versus the rua Formosa, 183 area baseline of €1,165,110 (€3,282/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 81). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 79/100 (Housing Market 82 · Amenities 90 · Economic 85 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Formosa, 183
Area baseline €1,165,110 + condition +€41,602 + location +€135,153 = modelled fair value of €1,341,864 (€3,780/m²), a €1,758,136 (56.7%) gap versus the €3,100,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Formosa, 183 | Subject | €3,100,000 | €8,732 | — | 78 | 79 |
| jardim do Morro | Active | €275,000 | €4,044 | 53.7% | 85 | 74 |
| Oliveira do Douro · 5230a5 | Active | €450,000 | €3,169 | 63.7% | — | 67 |
| rua de Silva Porto | Active | €675,000 | €13,235 | 51.6% | 82 | 74 |
| rua das Flores | Active | €3,700,000 | €3,685 | 57.8% | 76 | 76 |
| Median comp | €562,500 | €3,865 | 55.7% | 82 | 74 |
Long-term rental The property is overpriced at €3,100,000 compared to a fair value of €1,341,864, representing a 56.7% gap. Given the current yield of 0%, it does not provide an attractive long-term rental investment opportunity. Buy-and-hold With a fair value significantly lower than the listing price, this property is not a sound choice for a buy-and-hold strategy. The lack of rental yield and the current pricing make it unlikely to generate favorable returns over time. Short-term vacation rental Despite the potential for short-term vacation rentals in Central Porto, the property is overpriced at €3,100,000 with no current yield. This price level undermines the viability of this strategy, limiting any potential holiday rental income from the investment.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate level of risk for potential tenant turnover, which could impact consistent rental income if tenants frequently change.
