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 98 m², energy rating B. Located on rua Dom António Castro Meireles, 60, Baguim do Monte (Rio Tinto) parish, Gondomar municipality, Porto district. Noteworthy Features: The property includes two balconies that enhance outdoor living and a large box garage with ample storage capacity, catering to practicality and convenience for residents.
The valuation. The asking price of €290,000 is significantly above the fair value of €144,131, representing a 50.3% premium. This property is thus considered overpriced. Buy-to-flip angle. The strategy for resale focuses on improving the apartment's appeal through minor renovations, potentially allowing for a resale at a higher price point than the current asking price. Buy-to-let angle. The rental income strategy aims to secure long-term tenants, with an estimated gross yield of 3.3%, or approximately €798 per month, ensuring consistent cash flow from this investment.
Fair value modelled at €144,131 from the area baseline, adjusted for condition and location. Asking €290,000 sits €145,869 (50.3%) above — overpriced versus fair value.
Asking €290,000 versus the rua Dom António Castro Meireles, 60 area baseline of €231,868 (€2,366/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 74). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 75 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Dom António Castro Meireles, 60
Area baseline €231,868 + condition -€4,594 + location +€11,525 = modelled fair value of €144,131 (€1,471/m²), a €145,869 (50.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom António Castro Meireles, 60 | Subject | €290,000 | €2,959 | — | 70 | 71 |
| rua Henrique Machado | Active | €297,000 | €2,496 | 15.7% | 78 | 74 |
| Rio Tinto · cfe26e | Active | €297,000 | €2,496 | 15.7% | 72 | 70 |
| rua da Portelinha, 452 | Active | €296,000 | €2,819 | 4.7% | 80 | 67 |
| rua Manuel de Sousa Casal | Active | €325,000 | €3,218 | 8.7% | 78 | 80 |
| Median comp | €297,000 | €2,658 | 10.2% | 78 | 72 |
Long-term rental This 2-bed apartment's current listing price of €290,000 is significantly above its fair value of €144,131, indicating that the property is overpriced by 50.3%. With a gross yield of 3.3% and a neighborhood score of 71/100, potential rental income may not justify this high price point. Family rental While the property may appeal to families due to its size and proximity to employment opportunities in Porto, the asking price exceeds fair market value significantly, setting it at 50.3% overpricing. The condition rating of 72/100 suggests that while it is in decent shape, the financial metrics do not support such a premium. Buy-and-hold The investment thesis for a buy-and-hold strategy is weak given the property’s overpriced status at €290,000 against a fair valuation of €144,131, creating a substantial gap of 50.3%. Collecting rental income at a gross yield of only 3.3% may not compensate for the high cost and the potential for capital appreciation is limited due to the initial overvaluation.
Economic Vulnerability The economic stability score of 65/100 indicates potential risks due to fluctuating market conditions that could affect rent prices and occupancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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