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, 2-bathroom apartment of 91 m², energy rating D. Located Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: This apartment boasts a cozy fireplace in the living room and an enclosed balcony providing additional access, enhancing both comfort and functionality in a bustling area of Ermesinde.
The valuation. The asking price of €345,000 is substantially above the fair value of €129,227, presenting a difference of €215,773 (62.5%). This property is considered overpriced in the current market. Buy-to-flip angle. Given the significant markup from fair value, a buy-to-flip strategy may not be viable, as achieving a profitable resale could be challenging at this price point. Buy-to-let angle. With a gross yield of 3.4% and an estimated monthly rent of €978, this property may appeal to long-term investors, albeit the yield is modest for the investment required.
Fair value modelled at €129,227 from the area baseline, adjusted for condition and location. Asking €345,000 sits €215,773 (62.5%) above — overpriced versus fair value.
Asking €345,000 versus the Ermesinde, Valongo, Porto area baseline of €210,574 (€2,314/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 74 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Ermesinde, Valongo, Porto
Area baseline €210,574 + condition -€9,384 + location +€11,211 = modelled fair value of €129,227 (€1,420/m²), a €215,773 (62.5%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · dee5c2 | Subject | €345,000 | €3,791 | — | 70 | 72 |
| rua São Francisco Xavier | Active | €274,500 | €2,665 | 29.7% | 60 | 75 |
| Baguim do Monte (Rio Tinto) · 261f69 | Active | €310,000 | €3,100 | 18.2% | 68 | 69 |
| rua Dom António Castro Meireles | Active | €250,000 | €2,500 | 34.1% | 68 | 75 |
| Águas Santas · 73558f | Active | €290,000 | €2,736 | 27.8% | 70 | 73 |
| Median comp | €282,250 | €2,701 | 28.8% | 68 | 74 |
Long-term rental This property is overpriced at €345,000 compared to a fair value of €129,227, presenting a significant 62.5% gap. With a gross yield of only 3.4% and a condition rating of 68/100, it may struggle to attract tenants seeking long-term housing in the area. Family rental The €345,000 listing price exceeds its fair value of €129,227 by 62.5%, indicating that the investment is overpriced. While the neighborhood has decent amenities and crime rates are low, the high price diminishes its appeal for families looking for affordable housing. Buy-and-hold Investing in this property for a buy-and-hold strategy may not be advisable given its listing price of €345,000, which is 62.5% higher than the fair value of €129,227. The potential for appreciation is limited by the current valuation, coupled with an unexciting gross yield of 3.4% and an average condition score of 68/100.
Economic and Tenant Instability The economic stability score of 70/100 paired with a tenant stability score of 70/100 indicates a potential risk where fluctuations in the economy may equally impact tenant retention, jeopardizing rental income stability.
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