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 104 m², built in 2002, energy rating E. Located on avenida Doutor Fernando Melo, Valongo parish, Valongo municipality, Porto district. Noteworthy Features: The apartment features a built-in wine cellar and a fully renovated en-suite bathroom with a modern shower base, enhancing its luxurious appeal.
The valuation. The asking price of €259,500 sits significantly above the fair value of €162,110, representing an overvaluation of €97,390 (37.5%). This property cannot be considered a deal in the current market. Buy-to-flip angle. A buy-to-flip strategy would require extensive renovations to realize substantial profit margins, given the current high asking price. Targeting a resale price closer to fair value is essential for potential investors. Buy-to-let angle. The estimated gross yield of 4.1% (~€887/month) indicates that the rental income strategy could offer steady cash flow. However, the current purchasing price limits profitability potential significantly for long-term rental.
Fair value modelled at €162,110 from the area baseline, adjusted for condition and location. Asking €259,500 sits €97,390 (37.5%) above — overpriced versus fair value.
Asking €259,500 versus the avenida Doutor Fernando Melo area baseline of €145,600 (€1,400/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 81 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
avenida Doutor Fernando Melo
Area baseline €145,600 + condition +€1,950 + location +€14,560 = modelled fair value of €162,110 (€1,559/m²), a €97,390 (37.5%) gap versus the €259,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Fernando Melo | Subject | €259,500 | €2,495 | — | 74 | 75 |
| rua João Chagas S / N | Active | €324,500 | €2,575 | 3.2% | 74 | 68 |
| travessa Maria Luisa Almeida Matos, 104 | Active | €239,000 | €2,845 | 14.0% | 72 | 68 |
| Baguim do Monte (Rio Tinto) · 93719f | Active | €320,000 | €3,137 | 25.7% | 70 | 75 |
| rua Alvares Cabral | Active | €269,900 | €2,454 | 1.7% | 76 | 73 |
| Median comp | €294,950 | €2,710 | 8.6% | 73 | 71 |
Long-term rental The 2-bed apartment in Valongo is overpriced at €259,500, with a fair value of only €162,110, representing a 37.5% disparity. Given the current gross yield of 4.1%, potential returns may not justify this elevated price point. Buy-and-hold Investing in this property for long-term appreciation is not advisable, as it is priced significantly above its fair value, suggesting limited upside potential. While the suburban location has some merits, the current condition score of 76/100 does not support the high asking price. Family rental Despite its suitability for family renters due to advantageous school access and low crime rates, the pricing makes this investment challenging. The significant gap between the listing price and the fair value indicates that this property is overpriced for a family rental strategy.
Economic-Tenant Correlation Risk The scores of 75/100 for both economic stability and tenant stability indicate a potential vulnerability, as a downturn in the economy could directly impact tenant retention and performance.
