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 132 m², built in 1998, energy rating D. Located on rua Manuel Ferreira Ribeiro, 8, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The apartment features a cozy living room fireplace and a sunroom that enhances natural light while providing additional versatile space for relaxation or work. Additional Notes: Well-maintained with quality finishes and an efficient layout. Verdict: FAIR
The valuation. The asking price of €319,000 sits significantly above the fair value of €198,157, showcasing an overpricing of €120,843 (37.9%). This property does not represent a good financial opportunity due to its inflated asking price.
Fair value modelled at €198,157 from the area baseline, adjusted for condition and location. Asking €319,000 sits €120,843 (37.9%) above — overpriced versus fair value.
Asking €319,000 versus the rua Manuel Ferreira Ribeiro, 8 area baseline of €312,312 (€2,366/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 65/100 (Housing Market 60 · Amenities 65 · Economic 70 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Manuel Ferreira Ribeiro, 8
Area baseline €312,312 + condition +€2,269 + location +€11,088 = modelled fair value of €198,157 (€1,501/m²), a €120,843 (37.9%) gap versus the €319,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Ferreira Ribeiro, 8 | Subject | €319,000 | €2,417 | — | 73 | 65 |
| Ermesinde · 96c19f | Active | €285,000 | €2,545 | 5.3% | 72 | 70 |
| Águas Santas · 6d5378 | Active | €310,000 | €2,627 | 8.7% | 72 | 73 |
| Baguim do Monte (Rio Tinto) · e40b11 | Active | €269,000 | €2,514 | 4.0% | 76 | 70 |
| Ermesinde · 90d912 | Active | €319,000 | €2,703 | 11.9% | 72 | 74 |
| Median comp | €297,500 | €2,586 | 7.0% | 72 | 72 |
Long-term rental The property in Ermesinde is overpriced at €319,000 compared to its fair value of €198,157, making it a less attractive option for long-term rental investment. With a gross yield of only 3.5%, the potential returns do not justify the high purchase price. Family rental While the 3-bedroom apartment offers decent space for a family, its pricing at €319,000 is significantly above the fair value of €198,157, positioning it as an overpriced property. The moderate neighbourhood rating of 65/100 further suggests that potential family tenants may seek more value for their money elsewhere. Buy-and-hold Investing in this Ermesinde apartment as a buy-and-hold strategy is not advisable due to the considerable gap between the listing price of €319,000 and the fair value of €198,157. The 3.5% gross yield and a condition score of 76/100 indicate limited growth potential in a suburban market where demand is moderate.
Economic Viability Risk The combined scores of economic stability (70) and tenant stability (65) suggest potential vulnerabilities in maintaining consistent rental income due to moderate economic and tenant conditions.
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