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, 1-bathroom apartment of 83 m², built in 1994, energy rating C. Located on rua Pedro Homem de Melo, Águas Santas parish, Maia municipality, Porto district. Unique feature: The apartment boasts unobstructed views from living areas, enhancing natural light and providing a spacious ambiance throughout the home. Condition: Parquet flooring in living spaces adds warmth and character to the well-maintained interior.
The valuation. The asking price of €230,000 is significantly above the fair value of €109,101, representing an overpricing of €120,899 (52.6%). This discrepancy suggests that the property is not a financially sound investment at its current listing.
Fair value modelled at €109,101 from the area baseline, adjusted for condition and location. Asking €230,000 sits €120,899 (52.6%) above — overpriced versus fair value.
Asking €230,000 versus the rua Pedro Homem de Melo area baseline of €207,749 (€2,503/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 60 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Pedro Homem de Melo
Area baseline €207,749 + condition -€16,859 + location +€9,761 = modelled fair value of €109,101 (€1,314/m²), a €120,899 (52.6%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Pedro Homem de Melo | Subject | €230,000 | €2,771 | — | 65 | 71 |
| Rio Tinto · f360ac | Active | €247,500 | €3,438 | 24.0% | 70 | 67 |
| rua São Lourenço | Active | €320,000 | €2,807 | 1.3% | — | 68 |
| rua São Lourenço | Active | €312,000 | €2,737 | 1.2% | — | 70 |
| estrada Nova | Active | €225,000 | €3,000 | 8.3% | 70 | 68 |
| Median comp | €279,750 | €2,904 | 4.8% | 70 | 68 |
Family rental This 2-bed apartment in Águas Santas, priced at €230,000, is significantly overpriced compared to its fair value of €109,101, creating a 52.6% gap. With a gross yield of only 4.1% and a condition rating of 62/100, it may not attract families seeking a value-oriented rental option. Long-term rental Given the substantial overpricing of this apartment at €230,000 versus a fair value of €109,101, the investment may not yield satisfactory returns for long-term rental purposes. The relatively low yield of 4.1% coupled with restricted access to amenities indicates potential challenges in securing reliable long-term tenants. Buy-and-hold The buy-and-hold strategy for this property, listed at €230,000 yet valued at only €109,101, faces significant hurdles due to its overpricing and a notable gap of 52.6%. An average condition score of 62/100 may further complicate long-term appreciation in value. Not ideal for Short-term vacation rentals, the luxury market, and student housing due to the property’s overvaluation and limited amenities. The location's proximities to Porto do not compensate for the disadvantages presented by a suburban setting and restricted access to urban conveniences.
Potential Economic Downturn The economic stability score of 80/100 suggests some resilience, but the tenant stability score of 70/100 indicates a vulnerability to tenant turnover, increasing the risk during an economic recession.
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