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.
1-bedroom, 1-bathroom apartment of 57 m², built in 1991, energy rating D. Located on praça da Alegria, 62, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: The apartment includes a dedicated laundry room and is situated just a short walk from Porto’s key cultural landmarks, enhancing both convenience and lifestyle. Additional Context: This property is positioned in the vibrant Praça da Alegria, making it desirable for both living and investment purposes.
The valuation. The asking price of €267,500 sits significantly above the fair value of €156,478, representing an overpricing of €111,022 (41.5%). This suggests that the property is not a deal for potential buyers. Buy-to-flip angle. A buy-to-flip strategy could yield immediate profits by renovating the apartment for resale. However, the current high asking price limits the potential for attractive short-term gains. Buy-to-let angle. The property could generate rental income of approximately €936 per month, resulting in a gross yield of 4.2%. This aligns well with a long-term buy-and-hold investment strategy in a central location of Porto.
Fair value modelled at €156,478 from the area baseline, adjusted for condition and location. Asking €267,500 sits €111,022 (41.5%) above — overpriced versus fair value.
Asking €267,500 versus the praça da Alegria, 62 area baseline of €193,629 (€3,397/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 70 · Amenities 75 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praça da Alegria, 62
Area baseline €193,629 + condition +€2,672 + location +€13,472 = modelled fair value of €156,478 (€2,745/m²), a €111,022 (41.5%) gap versus the €267,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da Alegria, 62 | Subject | €267,500 | €4,693 | — | 75 | 74 |
| rua do Almada | Active | €338,000 | €6,500 | 38.5% | 76 | 71 |
| rua de Santa Catarina | Active | €260,000 | €6,047 | 28.8% | 80 | 80 |
| rua de Ramalho Ortigão, 145 | Active | €220,000 | €5,500 | 17.2% | 75 | 72 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 99f3c6 | Active | €225,000 | €5,625 | 19.9% | 80 | 80 |
| Median comp | €242,500 | €5,836 | 24.4% | 78 | 76 |
Long-term rental The 1-bed apartment in Bonfim, priced at €267,500, shows a significant gap of 41.5% compared to its fair value of €156,478, indicating it is overpriced. With a gross yield of 4.2% and a neighborhood score of 74/100, long-term rental may not provide an attractive return on investment given the high price relative to value. Buy-and-hold Despite its central location in Porto, the buy-and-hold strategy on this 1-bed apartment is challenged by a fair value of €156,478 versus its listing price of €267,500, revealing an overpriced status with a gap of 41.5%. Holding this asset may not yield appropriate long-term gains due to the high initial investment compared to market conditions. Family rental While the apartment has decent condition and neighborhood ratings, with a listing price of €267,500 versus a fair value of €156,478, it is clear this property is overpriced by 41.5%. The current valuation does not support the potential for sustainable family rental income, making it an unwise choice for this strategy.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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