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, 3-bathroom apartment of 170 m², energy rating B. Located on rua Carlos Malheiro Dias, 199, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: The apartment includes a versatile kitchen layout with three distinct zones and a heat recovery system, enhancing both functionality and energy efficiency.
The valuation. The asking price of €650,000 is significantly above the fair value of €472,637, resulting in an overpricing of €177,363 (27.3%). This discrepancy indicates that the property is priced beyond its intrinsic worth.
Fair value modelled at €472,637 from the area baseline, adjusted for condition and location. Asking €650,000 sits €177,363 (27.3%) above — overpriced versus fair value.
Asking €650,000 versus the rua Carlos Malheiro Dias, 199 area baseline of €418,540 (€2,462/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 78 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 80 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Carlos Malheiro Dias, 199
Area baseline €418,540 + condition +€17,266 + location +€36,832 = modelled fair value of €472,637 (€2,780/m²), a €177,363 (27.3%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carlos Malheiro Dias, 199 | Subject | €650,000 | €3,824 | — | 78 | 72 |
| rua de Santo Isidro | Active | €415,000 | €3,294 | 13.9% | 80 | 78 |
| praça Velásquez | Active | €650,000 | €4,276 | 11.8% | 78 | 80 |
| rua Santa Luzia | Active | €499,000 | €3,199 | 16.3% | 78 | 71 |
| rua de Trás, 29 | Active | €828,000 | €5,080 | 32.9% | 83 | 78 |
| Median comp | €574,500 | €3,785 | 1.0% | 79 | 78 |
Long-term rental The 3-bedroom apartment in Bonfim offers a gross yield of only 2.9%, indicating that the returns do not justify the €650,000 asking price, which exceeds the fair value by 27.3%. Given this excess, the property remains overpriced compared to rental market standards that typically expect higher yields. Student housing While the neighborhood of Bonfim is attractive for student populations, the high asking price of €650,000 makes this property less viable as investment-targeted student accommodation. The fair value of €472,637 suggests that there are more financially sound options available in the city for catering to students. Buy-and-hold Investing in this property for a long-term buy-and-hold strategy appears imprudent, given that its fair value indicates a 27.3% premium over the listing price. Acquiring assets above their fair value reduces potential long-term profitability and increases the risk of capital depreciation in a fluctuating market.
Tenant turnover risk The tenant stability score of 65/100 indicates a potential for higher turnover and vacancy rates, which can lead to decreased cash flow and increased leasing costs.
