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, 3-bathroom house of 193 m², built in 2000, energy rating F. Located Fornelo e Vairão parish, Vila do Conde municipality, Porto district. Noteworthy Feature: The property includes a garage with space for three vehicles and a well-lit basement, adding functional storage and extra utility to the living space.
The valuation. The asking price of €535,000 is significantly above the fair value of €282,871, resulting in an overpriced status of €252,129 (47.1%). This price level does not reflect a favorable investment opportunity.
Fair value modelled at €282,871 from the area baseline, adjusted for condition and location. Asking €535,000 sits €252,129 (47.1%) above — overpriced versus fair value.
Asking €535,000 versus the Fornelo e Vairão, Vila do Conde, Porto area baseline of €437,724 (€2,268/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 68 · Materials 62 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 66/100 (Housing Market 70 · Amenities 65 · Economic 70 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Fornelo e Vairão, Vila do Conde, Porto
Area baseline €437,724 + condition -€28,648 + location +€18,738 = modelled fair value of €282,871 (€1,466/m²), a €252,129 (47.1%) gap versus the €535,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Fornelo e Vairão · b7c389 | Subject | €535,000 | €2,772 | — | 68 | 66 |
| Bagunte, Ferreiró, Outeiro Maior e Parada · 25f524 | Active | €295,000 | €1,821 | 34.3% | 70 | 71 |
| Alvarelhos e Guidões · 9372de | Active | €345,000 | €1,734 | 37.5% | 55 | 82 |
| Macieira da Maia · 261d6b | Active | €415,000 | €1,976 | 28.7% | 78 | 73 |
| Fornelo e Vairão · 9372e0 | Active | €285,000 | €2,096 | 24.4% | 76 | 69 |
| Median comp | €320,000 | €1,899 | 31.5% | 73 | 72 |
Long-term rental The property is listed at €535,000, which is 47.1% above its fair value of €282,871, indicating it is significantly overpriced. With a gross yield of only 2.4%, the return on investment does not justify this elevated price point, suggesting that long-term rental prospects are limited. Family rental At a listing price of €535,000, this property is overpriced by 47.1% compared to the fair value of €282,871. The potential rental yield of 2.4% is insufficient for family rentals, making this investment less attractive in a suburban setting like Vila do Conde. Buy-and-hold With a market valuation of €535,000, the property is 47.1% overpriced against its fair value of €282,871. The low yield of 2.4% suggests that holding this asset for long-term appreciation might not deliver the expected benefits, particularly in a neighbourhood with average ratings. Not ideal for This property is not suitable for the luxury market, given its condition rating of 66/100 and the neighbourhood's average standing. Additionally, short-term vacation rentals and student housing are not viable strategies here, as the investment is markedly overpriced and lacks strong rental appeal.
Tenant Default Risk The tenant stability score of 60/100 indicates a higher likelihood of tenant turnover and potential rent defaults, which could affect cash flow.
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