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 114 m², built in 1999, energy rating D. Located on travessa Elias Garcia, 1, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. This apartment features two private balconies that enhance outdoor living, alongside generous natural light from its East/South orientation, making it both bright and inviting.
The valuation. The asking price of €279,000 is significantly higher than the fair value of €163,625, making it overpriced by €115,375, or 41.4%. This discrepancy suggests that the property does not align with its market worth.
Fair value modelled at €163,625 from the area baseline, adjusted for condition and location. Asking €279,000 sits €115,375 (41.4%) above — overpriced versus fair value.
Asking €279,000 versus the travessa Elias Garcia, 1 area baseline of €283,404 (€2,486/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 67 · Materials 62 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 65 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
travessa Elias Garcia, 1
Area baseline €283,404 + condition -€16,922 + location +€7,609 = modelled fair value of €163,625 (€1,435/m²), a €115,375 (41.4%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa Elias Garcia, 1 | Subject | €279,000 | €2,447 | — | 67 | 61 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 0017a8 | Active | €255,000 | €2,931 | 19.8% | 63 | 68 |
| Vila do Conde · 4bbaac | Active | €339,000 | €3,054 | 24.8% | 65 | 67 |
| rua Alberto Pinheiro Torres, 285 | Active | €340,000 | €2,698 | 10.3% | 70 | 61 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 25f8c5 | Active | €330,000 | €3,929 | 60.5% | 70 | 60 |
| Median comp | €334,500 | €2,993 | 22.3% | 68 | 64 |
Long-term rental The property, priced at €279,000, is significantly above its fair value of €163,625, indicating it may struggle to attract long-term tenants due to its 41.4% price gap. Additionally, with a gross yield of only 4.8% and a neighborhood score of 61/100, the investment potential appears limited in the current market. Family rental Given the property's relatively high asking price of €279,000 compared to a fair value of €163,625, it may not be appealing for families seeking affordable housing options. The property’s condition, rated at 66/100, further suggests it may not meet the standards expected by tenants in search of a family rental. Buy-and-hold While the property is currently listed for €279,000, which is overpriced compared to a fair value of €163,625, a buy-and-hold strategy may require a long holding period for appreciation that may not materialize. The overall low yield of 4.8% reflects an inadequate return on investment, compounded by a neighborhood score that suggests limited future growth potential.
Economic and Tenant Instability The property is exposed to moderate risk due to a low economic stability score of 55/100 combined with a tenant stability score of 65/100, indicating potential challenges in attracting and retaining tenants during economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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