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, 1-bathroom apartment of 102 m², built in 1993, energy rating E. Located on rua Calouste Gulbenkian, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The apartment includes a dedicated parking space and is situated in a prime residential area, providing immediate rental income through an established lifetime lease agreement with a senior tenant.
The valuation. The asking price of €123,500 is significantly above the fair value of €36,406, reflecting an overvaluation of €87,094 (70.5%). This property is not priced competitively for potential investors.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Calouste Gulbenkian | Subject | €123,500 | €1,211 | — | — | 73 |
| Baguim do Monte (Rio Tinto) · e40aa5 | Active | €145,000 | €1,510 | 24.7% | 70 | 69 |
| Ermesinde · e40b0f | Active | €127,500 | €1,356 | 12.0% | 55 | 73 |
| rua Dom Afonso Henriques, 10 | Active | €265,000 | €2,137 | 76.5% | 70 | 67 |
| rua Sol, 139 | Active | €233,000 | €2,178 | 79.8% | 70 | 75 |
| Median comp | €189,000 | €1,824 | 50.6% | 70 | 71 |
Long-term rental The high price of €123,500 relative to a fair value of €36,406 indicates the property may struggle to attract long-term tenants, despite a gross yield of 10.3%. Investing in this overpriced asset could lead to difficulties recouping the initial investment due to the significant valuation gap. Family rental While the neighbourhood ratings suggest some advantages, the pricing of €123,500, over 70% above fair value, may deter families seeking affordable housing options. This property’s condition of 0/100 further compounds its appeal for families, making it less likely to succeed in this rental strategy. Buy-and-hold Considering the substantial gap between the listing price and the fair value, the €123,500 apartment would be a challenging buy-and-hold asset in a suburban area of Porto. The combination of its overpriced status and poor condition suggests that it may not perform well in the long run, limiting potential appreciation and rent growth.
Moderate Economic Uncertainty A score of 70 in economic stability suggests potential fluctuations in the market that could impact property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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