Apartment in Silvares, Pias, Nogueira e Alvarenga

Overview

3-bedroom, 3-bathroom apartment of 147 m², built in 2024, energy rating A+. Located on estrada de Ponterrinhas S / N, Silvares, Pias, Nogueira e Alvarenga parish, Lousada municipality, Porto district. Noteworthy feature: The apartment features seamless access to essential services, including a hospital and schools, within walking distance, ensuring convenience for families and individuals alike.

Financial Summary

The valuation. The asking price of €320,000 is significantly above fair value at €62,329, presenting a discrepancy of €257,671 (80.5%). This property is therefore deemed overpriced.

Investment Thesis

Long-term rental The 3-bed apartment in Silvares is overpriced at €320,000, with a staggering gap of 80.5% compared to its fair value of €62,329. With a gross yield of only 2.5% and limited local employment opportunities, long-term rental prospects are weak in this suburban area. Family rental Targeting families with the current pricing of €320,000 is not feasible, as it significantly exceeds the fair value of €62,329. The apartment's low yield of 2.5% combined with a neighborhood rating of 63/100 suggests that families may find better options elsewhere at comparable prices. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is unadvisable due to its staggering overvaluation at €320,000 against a fair value of €62,329. The weak gross yield of 2.5% and minimal upward potential in a suburban location make this property a less than favorable long-term investment.

Risks

Economic downturn risk With an economic stability score of 60/100, there is a significant risk of reduced demand or declining rental rates in the area if economic conditions worsen.

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