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 112 m² on the 2nd floor, built in 1999. Located on rua de Penalves S / N, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: This apartment includes a south-facing balcony that enhances natural light, and a fireplace in the living area providing added warmth and charm during cooler months.
The valuation. The asking price of €299,000 is significantly above the fair value of €163,091, resulting in an overpriced assessment of €135,909 (45.5%). This indicates a lack of investment appeal based on current market conditions.
Fair value modelled at €163,091 from the area baseline, adjusted for condition and location. Asking €299,000 sits €135,909 (45.5%) above — overpriced versus fair value.
Asking €299,000 versus the rua de Penalves S / N area baseline of €278,432 (€2,486/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 58/100 (Housing Market 50 · Amenities 55 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua de Penalves S / N
Area baseline €278,432 + condition -€12,250 + location +€5,437 = modelled fair value of €163,091 (€1,456/m²), a €135,909 (45.5%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Penalves S / N | Subject | €299,000 | €2,670 | — | 70 | 58 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 49b8f9 | Active | €269,000 | €4,483 | 67.9% | 73 | 56 |
| praça do Almada | Active | €265,000 | €4,818 | 80.5% | — | 61 |
| avenida Mouzinho de Albuquerque, 155 | Active | €285,000 | €2,850 | 6.8% | 70 | 65 |
| Vila do Conde · ba5af9 | Active | €298,000 | €3,348 | 25.4% | 80 | 67 |
| Median comp | €277,000 | €3,916 | 46.7% | 73 | 63 |
Buy-and-hold This property is overpriced by 45.5% compared to its fair value of €163,091, which limits its long-term appreciation potential. The 3.4% gross yield may seem attractive, but it does not compensate for the elevated purchase price and moderates the overall investment appeal. Family rental Given the current valuation, this apartment may not provide a sustainable rental strategy for families, as the high purchase price outweighs potential rental income. The moderate neighborhood rating of 58/100 further suggests that attracting long-term family tenants may be challenging given typical market demands. Long-term rental With a gross yield of only 3.4% and a property price significantly above fair value, long-term rental is not an ideal strategy for this apartment. The combination of an overpriced listing and a subpar neighborhood rating means that the rental income may not sufficiently justify the initial investment. Not ideal for Short-term vacation rental The high price point at €299,000 is not aligned with the expected returns for short-term rental strategies, especially in a moderately rated neighborhood. Given the current market dynamics, this property likely lacks the appeal necessary for successful short-term rentals. Not ideal for Student housing The 45.5% gap above fair value suggests that investing in this property for student housing is not prudent; affordability is key for this tenant demographic. Additionally, the moderate neighborhood rating may deter potential student renters seeking vibrant and affordable living options. Not ideal for Luxury market With a market value considerably exceeding its fair value, this property does not align with the luxury market expectations for quality and ROI. The existing condition score of 68 out of 100 indicates that the property would require significant improvements to attract high-end buyers, further complicating its investment viability.
Tenant turnover risk With both economic and tenant stability scores at 60/100, there is a significant chance of higher tenant turnover, potentially leading to increased vacancy rates and maintenance costs.
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