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 129 m², built in 1995, energy rating C. Located on vereda Manuel Santos Lessa, Cidade da Maia parish, Maia municipality, Porto district. Noteworthy Features: This apartment includes a versatile +1 room that offers flexibility for use as an office or guest room, enhancing its functional living space.
The valuation. The asking price of €290,000 is significantly above the fair value of €164,109, resulting in an overpricing of €125,891 (43.4%). This suggests the property is not a sound investment at its current listing. Buy-to-flip angle. With average condition scores and a price well above fair value, a buy-and-flip strategy would require significant renovations to appeal to buyers, raising the resale value under ideal market conditions. Buy-to-let angle. The estimated rental income of €1,039/month offers a gross yield of 4.3%, indicating potential for steady cash flow; however, the below-average condition may necessitate renovations to attract reliable long-term tenants.
Fair value modelled at €164,109 from the area baseline, adjusted for condition and location. Asking €290,000 sits €125,891 (43.4%) above — overpriced versus fair value.
Asking €290,000 versus the vereda Manuel Santos Lessa area baseline of €354,621 (€2,749/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 (Condition 55 · Materials 60 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
vereda Manuel Santos Lessa
Area baseline €354,621 + condition -€35,273 + location +€18,782 = modelled fair value of €164,109 (€1,272/m²), a €125,891 (43.4%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| vereda Manuel Santos Lessa | Subject | €290,000 | €2,248 | — | 55 | 76 |
| Cidade da Maia · 0dcfac | Active | €315,000 | €3,316 | 47.5% | — | 79 |
| rua Doutor António de Sousa Oliveira | Active | €353,000 | €2,695 | 19.9% | 65 | 69 |
| rua Gil Eanes, 72 3º | Active | €250,000 | €2,688 | 19.6% | 69 | 65 |
| rua Altos, 75 | Active | €310,000 | €2,650 | 17.9% | 65 | 66 |
| Median comp | €312,500 | €2,692 | 19.7% | 65 | 68 |
Long-term rental The property in Cidade da Maia is overpriced, with a listing price of €290,000 exceeding the fair value of €164,109 by 43.4%. Although the gross yield of 4.3% may seem appealing, the price misalignment poses significant risks for long-term rental prospects. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable since its current price of €290,000 is considerably above the fair value of €164,109, leading to a 43.4% gap. This overvaluation diminishes potential long-term capital appreciation and raises concerns about future market performance. Family rental While the location of this appliance offers proximity to Porto's amenities and schools, the listing price of €290,000 is steep compared to the fair value of €164,109, indicating it is overpriced by 43.4%. This gap could limit the attractiveness of the property for family rentals, as affordability is a key consideration for this demographic.
Economic Downturn Risk There is a risk of economic downturn impacting tenant stability, given a tenant stability score of 70/100, indicating potential fluctuations in 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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