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.
2-bedroom, 2-bathroom apartment of 120 m², built in 1996, energy rating C. Located on praça de Touros, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: The apartment includes a generous 23.54 m² closed garage, enhancing convenience, and the fifth-floor location ensures both privacy and scenic views of the surrounding area.
The valuation. The asking price of €425,000 is significantly above the fair value of €167,868, representing an overpricing of €257,132 (60.5%). This discrepancy suggests that the property is not a prudent investment choice.
Fair value modelled at €167,868 from the area baseline, adjusted for condition and location. Asking €425,000 sits €257,132 (60.5%) above — overpriced versus fair value.
Asking €425,000 versus the praça de Touros area baseline of €298,320 (€2,486/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 61 · Materials 67 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 55/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
praça de Touros
Area baseline €298,320 + condition -€17,813 + location +€3,641 = modelled fair value of €167,868 (€1,399/m²), a €257,132 (60.5%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça de Touros | Subject | €425,000 | €3,542 | — | 61 | 55 |
| rua Gomes de Amorim | Active | €250,000 | €2,604 | 26.5% | — | 62 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 1e65ba | Active | €280,000 | €2,692 | 24.0% | 70 | 57 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · bf28dd | Active | €300,000 | €2,727 | 23.0% | 60 | 65 |
| praça de Touros | Active | €425,000 | €2,951 | 16.7% | 58 | 62 |
| Median comp | €290,000 | €2,710 | 23.5% | 60 | 62 |
Long-term rental This property is overpriced with a significant gap of 60.5% compared to its fair value of €167,868, which undermines its investment attractiveness. The gross yield of 2.6% is below what is typically expected for a stable long-term rental, raising concerns about future profitability. Family rental The asking price of €425,000 greatly exceeds the fair valuation, making it a less appealing option for families seeking long-term housing. Given the property’s low neighbourhood rating of 55/100, families may be deterred despite the property's proximity to Porto. Buy-and-hold Investing in this property as a buy-and-hold strategy appears unwise due to its overpriced listing, representing a stark 60.5% premium over fair value. The condition score of 66/100 suggests the need for potential renovations, further decreasing its attractiveness as a stable investment in this market.
Economic decline risk: With an economic stability score of 55/100, there's a tangible risk that fluctuations in the local economy could adversely affect property values and rental demand. Tenant turnover risk: A tenant stability score of 50/100 suggests potential challenges in retaining tenants, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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