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 164 m², built in 2003, energy rating E. Located on rua Padre Manuel Teixeira de Melo, 183, Perafita, Lavra e Santa Cruz do Bispo parish, Matosinhos municipality, Porto district. Noteworthy Features: This apartment boasts an impressive 79 m² of balcony space, providing ample outdoor living areas complemented by its three-sided exposure for optimal sunlight. Price: €399,000.
The valuation. The asking price of €399,000 is significantly above the fair value of €300,560, indicating an overvaluation of €98,440 or 24.7%. This reflects a misalignment with current market conditions. Buy-to-flip angle. The strategy for resale would involve renovations to enhance appeal and targeting a quick turnover, leveraging the suburban location near Porto to attract potential buyers. Buy-to-let angle. With a projected gross yield of 4.4% based on an estimated rental income of €1,463 per month, this apartment could serve as a stable long-term investment for family rentals in a mixed neighborhood.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Padre Manuel Teixeira de Melo, 183 | Subject | €399,000 | €2,433 | — | — | 70 |
| rua da Agudela | Active | €279,000 | €2,657 | 9.2% | — | 74 |
| avenida das Ribeiras | Active | €285,000 | €2,879 | 18.3% | 70 | 71 |
| avenida das Ribeiras | Active | €265,000 | €2,227 | 8.5% | 65 | 68 |
| Perafita, Lavra e Santa Cruz do Bispo · 420275 | Active | €245,000 | €3,025 | 24.3% | 75 | 73 |
| Median comp | €272,000 | €2,768 | 13.8% | 70 | 72 |
Long-term rental The 2-bed apartment in Perafita is priced at €399,000, which is significantly higher than its fair value of €300,560, indicating an overpriced situation. With a gross yield of only 4.4% and a neighborhood rating of 70/100, the investment may not perform adequately over the long term. Buy-and-hold This property is listed at €399,000, which exceeds the fair value of €300,560 by 24.7%, signaling that it is overpriced. While holding onto the property may yield some appreciation, the current valuation limits upside potential and doesn't align with prudent investment practices. Family rental At €399,000, this apartment is overpriced compared to the fair value of €300,560, suggesting that it may not attract the desired family rental market. Despite its size and location, the high entry price could deter prospective tenants seeking affordable family housing options.
Tenant turnover risk The tenant stability score of 65 indicates a significant risk of high tenant turnover, which could lead to increased vacancy rates and decreased cash flow.
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