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 apartment of 127 m², built in 2009, energy rating D. Located on rua Ramalhão, 120, Ermesinde parish, Valongo municipality, Porto district. This property boasts two private terraces accessed from both the living area and a suite, enhancing outdoor living space for relaxation or entertaining.
The valuation. The asking price of €350,000 is significantly above the fair value of €192,288, marking an overvaluation of €157,712 (45.1%). This discrepancy indicates the property is overpriced.
Fair value modelled at €192,288 from the area baseline, adjusted for condition and location. Asking €350,000 sits €157,712 (45.1%) above — overpriced versus fair value.
Asking €350,000 versus the rua Ramalhão, 120 area baseline of €300,482 (€2,366/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 60 · Economic 70 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
rua Ramalhão, 120
Area baseline €300,482 + condition +€5,953 + location +€8,534 = modelled fair value of €192,288 (€1,514/m²), a €157,712 (45.1%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ramalhão, 120 | Subject | €350,000 | €2,756 | — | 75 | 62 |
| Baguim do Monte (Rio Tinto) · e40b11 | Active | €269,000 | €2,514 | 8.8% | 76 | 70 |
| Ermesinde · 001c0a | Active | €320,000 | €2,481 | 10.0% | 70 | 71 |
| Baguim do Monte (Rio Tinto) · 261f69 | Active | €310,000 | €3,100 | 12.5% | 68 | 69 |
| Ermesinde · dee5bd | Active | €360,000 | €2,483 | 9.9% | 85 | 73 |
| Median comp | €315,000 | €2,499 | 9.3% | 73 | 71 |
Long-term rental The 3-bed apartment in Ermesinde is overpriced at €350,000, significantly above the fair value of €192,288, indicating a 45.1% gap. With a gross yield of only 3%, the property does not present an attractive long-term rental opportunity given the current market conditions. Family rental With a fair value substantially lower than the listing price, this property is not competitive for family rental purposes in the Ermesinde area. The combination of a 62/100 neighbourhood rating and a low yield further supports the conclusion that the asking price is not justified for this segment. Buy-and-hold The €350,000 price tag on this Ermesinde apartment exceeds its fair market value, suggesting that a buy-and-hold strategy is not advisable. Given the 3% gross yield and the overall condition of the property, potential appreciation does not align with the current overpricing, making it a less favorable long-term investment option.
Tenant turnover risk The tenant stability score of 55/100 suggests potential challenges in retaining tenants, which could lead to increased vacancy rates and associated income loss.
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