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 70 m², built in 1997. Located on jardim do Morro, Santa Marinha e São Pedro da Afurada parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The property includes a 25m² terrace for outdoor enjoyment, complemented by a dedicated enclosed laundry area for added convenience. Condition: Modern finishes enhance the living experience but outdoor space requires attention.
The valuation. The asking price of €265,000 sits significantly above the fair value of €176,832, resulting in an overpricing of €88,168 (33.3%). This valuation indicates that the property is not a financially sound investment at the current asking price.
Fair value modelled at €299,793 from 6 comparable sales in the area. Asking €255,000 sits €44,793 (14.9%) below — the upside to fair value.
Asking €255,000 versus the rua de Ernesto Silva area baseline of €268,155 (€3,724/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €268,155, adjusted for condition and micro-location, gives a modelled fair value of €299,793 (€4,164/m²), a €44,793 (14.9%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Ernesto Silva | Subject | €255,000 | €3,542 | — | 65 | 65 |
| largo de Soares dos Reis | Active | €280,000 | €4,828 | 36.3% | 55 | — |
| rua Parque da República, 148 | Active | €275,000 | €3,438 | 2.9% | 73 | 74 |
| rua de Faria Guimarães, 70 | Active | €239,000 | €5,432 | 53.4% | 70 | 78 |
| rua das Matas | Active | €210,000 | €3,500 | 1.2% | 66 | — |
| Median comp | €257,000 | €4,164 | 17.6% | 68 | 76 |
Long-term rental This 2-bed apartment offers a gross yield of 5%, which may appeal to long-term rental investors; however, the listing price is 33.3% above its fair value of €176,832, indicating it is overpriced. The suburban location within the Greater Porto region provides economic stability, but the neighbourhood's modest rating of 65/100 could limit tenant quality and demand. Family rental With its two bedrooms, this apartment could be suitable for families seeking long-term accommodation; however, its €265,000 price tag is misaligned with the fair market value of €176,832, marking it as overpriced. The surrounding suburban amenities are adequate, but the area’s limited tourist appeal reduces its attractiveness for transient family relocations. Value-add renovation While there may be an opportunity for value-add renovations to improve the apartment's appeal, the current asking price of €265,000 is 33.3% higher than the estimated fair value of €176,832, suggesting it is overpriced. The existing condition score of 69/100 indicates potential, but the initial investment requires careful consideration of the anticipated returns against the elevated entry cost.
Potential for High Vacancy Rates The combined economic and tenant stability scores of 65/100 indicate a moderate risk of high vacancy rates, potentially affecting rental income stability.
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