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 179 m², energy rating D. Located Fânzeres e São Pedro da Cova parish, Gondomar municipality, Porto district. Noteworthy Features: The property includes an independent lower floor with potential for conversion to additional living space, complemented by a well-maintained 100 m² garden ideal for outdoor activities.
The valuation. The asking price of €360,000 is significantly above the fair value of €280,056, presenting an overpriced situation with a difference of €79,944 (22.2%). Buyers should take caution given this disparity. Buy-to-flip angle. The buy-to-flip strategy would benefit from targeted renovations to enhance value before reselling, although the current condition of the apartment limits immediate profitability. Quick turnover might be hindered by market conditions in the area. Buy-to-let angle. A buy-to-let approach appears unpromising due to a gross yield of 0%, indicating that even at full occupancy, the property won't generate positive rental income. Long-term cash flow strategies would need serious reevaluation.
Fair value modelled at €280,056 from the area baseline, adjusted for condition and location. Asking €360,000 sits €79,944 (22.2%) above — overpriced versus fair value.
Asking €360,000 versus the Fânzeres e São Pedro da Cova, Gondomar, Porto area baseline of €427,273 (€2,387/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 65 · Materials 72 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 70 · Amenities 70 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Fânzeres e São Pedro da Cova, Gondomar, Porto
Area baseline €427,273 + condition -€15,383 + location +€23,896 = modelled fair value of €280,056 (€1,565/m²), a €79,944 (22.2%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Fânzeres e São Pedro da Cova · 6ebadf | Subject | €360,000 | €2,011 | — | 65 | 72 |
| Rio Tinto · 95692f | Active | €240,000 | €1,678 | 16.6% | — | 73 |
| Baguim do Monte (Rio Tinto) · 0017d3 | Active | €253,000 | €2,181 | 8.4% | 70 | 74 |
| rua São Tiago, 90 | Active | €268,000 | €2,161 | 7.5% | 70 | 70 |
| Baguim do Monte (Rio Tinto) · 0016d8 | Active | €253,000 | €2,181 | 8.4% | 72 | 75 |
| Median comp | €253,000 | €2,171 | 7.9% | 70 | 74 |
Long-term rental The property is overpriced at €360,000 compared to a fair value of €280,056, resulting in a significant gap of 22.2%. With a gross yield of 0%, it does not present an attractive long-term rental opportunity. Buy-and-hold Investing in this apartment at the listing price offers limited upside, given its fair value assessment. The 0% gross yield suggests that holding this property may result in no financial return over time, making it a less favorable buy-and-hold strategy. Value-add renovation While the current condition of the apartment is rated at 70/100, the significant discrepancy between the listing price and fair value indicates that even a value-add renovation may not yield a profitable return on investment. Renovations could improve the apartment's rating but do not justify the current overvaluation, as the potential market gains would still be hindered by the initial high purchase price.
Tenant turnover risk High tenant turnover could occur due to a tenant stability score of 70/100, potentially leading to increased vacancy rates and higher costs associated with re-leasing the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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