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 98 m². Located on rua Calouste Gulbenkian, 108, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: This apartment boasts a spacious balcony overlooking Ermesinde's central square, enhancing outdoor living and providing a vibrant city view.
The valuation. The asking price of €238,000 is significantly above the fair value of €32,783, representing a notable disparity of €205,217 (86.2%). Verdict: overpriced. Buy-to-flip angle. The buy-to-flip strategy may prove challenging due to the high asking price and poor condition, limiting potential profit during resale. Buy-to-let angle. With a gross yield of 5% and estimated rental income of €992/month, the long-term rental strategy could provide steady cash flow, though initial investment risks are substantial.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Calouste Gulbenkian, 108 | Subject | €238,000 | €2,429 | — | — | 69 |
| rua São Francisco Xavier | Active | €274,500 | €2,665 | 9.7% | 60 | 75 |
| rua São Lourenço | Active | €320,000 | €2,807 | 15.6% | — | 68 |
| rua São Lourenço | Active | €312,000 | €2,737 | 12.7% | — | 70 |
| rua Doutor António de Sousa Oliveira | Active | €353,000 | €2,715 | 11.8% | 72 | 73 |
| Median comp | €316,000 | €2,726 | 12.2% | 66 | 72 |
Long-term rental The 3-bed apartment in Ermesinde, Valongo is significantly overpriced at €238,000 compared to its fair value of €32,783, indicating a gap of 86.2%. With a gross yield of only 5% and a condition rating of 0/100, long-term rental in this property may not meet the expected return on investment. Buy-and-hold Investing in this property for a buy-and-hold strategy does not align with sound investment principles, given its substantial overpricing relative to the fair value. The expected return is diminished by its low condition score and high price, which suggests a lack of capital growth potential in the long-term. Family rental Though located in a suburban area with decent safety and school access, the property’s significant overvaluation makes it a less viable option for family rental. The potentially high entry cost, driven by the inflated price, may deter families looking for affordable housing in a suitable environment.
Potential for economic downturn The economic stability score of 65/100 indicates a moderate risk of economic fluctuations that could affect rental income and property value negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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