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.
0-bedroom, 1-bathroom apartment of 90 m² on the 4th floor, built in 2002. Located on rua Visconde das Devesas, 828, Mafamude e Vilar do Paraíso parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment boasts a closed garage (box) offering secure parking, and it shares proximity to the future metro station, enhancing connectivity options. Location: Central to amenities, including schools and shops.
The valuation. The asking price of €283,000 is €36,687 (13.0%) above the fair value of €246,313, indicating the property is overpriced. Thus, potential investors may find it challenging to achieve attractive returns based on this valuation.
Fair value modelled at €246,313 from the area baseline, adjusted for condition and location. Asking €283,000 sits €36,687 (13.0%) above — overpriced versus fair value.
Asking €283,000 versus the rua Visconde das Devesas, 828 area baseline of €239,760 (€2,664/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Visconde das Devesas, 828
Area baseline €239,760 + condition +€0 + location +€23,203 = modelled fair value of €246,313 (€2,737/m²), a €36,687 (13.0%) gap versus the €283,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Visconde das Devesas, 828 | Subject | €283,000 | €3,144 | — | 72 | 76 |
| Mafamude e Vilar do Paraíso · 99f425 | Active | €230,000 | €3,382 | 7.6% | 72 | 71 |
| rua Fernando Namora, 36 | Active | €255,000 | €3,542 | 12.6% | 80 | 65 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 262130 | Active | €240,000 | €4,898 | 55.8% | 70 | 73 |
| rua Nova de Bustes | Active | €297,000 | €2,676 | 14.9% | 72 | 73 |
| Median comp | €247,500 | €3,462 | 10.1% | 72 | 72 |
Long-term rental The property is overpriced, with a fair value gap of 13.0%, leading to a less competitive position in the long-term rental market, which offers a gross yield of only 4.1%. Additionally, the condition and neighborhood ratings, while decent, do not justify the elevated price point relative to comparable properties in the area. Family rental This 0-bed apartment is overpriced and may struggle to attract family renters given its price of €283,000 compared to the fair value of €246,313, particularly when considering the limited size for family needs. The neighborhood's amenities and condition ratings provide some appeal, but they are insufficient to overcome the high asking price. Buy-and-hold Investing in this property for a buy-and-hold strategy appears unjustifiable as it is currently overpriced, with significant deviation from the fair value indicating a lack of future appreciation potential. The gross yield of 4.1% does not compensate for the risk associated with the excessive purchase price, making this a questionable long-term investment. Not ideal for This property is not suitable for short-term vacation rental or student housing due to the high price that does not align with the expected returns in these sectors. The neighborhood and apartment size are better suited for longer-term tenants than transient occupants, further reinforcing the overpriced nature of the listing.
Economic downturn risk A slight decline in the economic stability score (80/100) may lead to decreased tenant demand, potentially resulting in increased vacancy rates.
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