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 89 m² on the 2nd floor, built in 1992, energy rating E. Located on avenida Primeiro de Maio, Valongo parish, Valongo municipality, Porto district. Noteworthy Feature: The apartment's five balconies enhance its appeal by offering outdoor space and creating a refreshing atmosphere, perfect for enjoying the abundant natural light throughout the day.
The valuation. The asking price of €215,000 exceeds the fair value of €118,274 by €96,726 (45.0%), indicating that the property is overpriced. This discrepancy suggests that investors should exercise caution.
Fair value modelled at €118,274 from the area baseline, adjusted for condition and location. Asking €215,000 sits €96,726 (45.0%) above — overpriced versus fair value.
Asking €215,000 versus the avenida Primeiro de Maio area baseline of €207,103 (€2,327/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 (Condition 65 · Materials 60 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 60 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida Primeiro de Maio
Area baseline €207,103 + condition -€15,297 + location +€8,971 = modelled fair value of €118,274 (€1,329/m²), a €96,726 (45.0%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Primeiro de Maio | Subject | €215,000 | €2,416 | — | 65 | 68 |
| rua Dom António Castro Meireles | Active | €250,000 | €2,500 | 3.5% | 68 | 75 |
| Baguim do Monte (Rio Tinto) · 25f85d | Active | €254,800 | €2,474 | 2.4% | — | 72 |
| Baguim do Monte (Rio Tinto) · 261f69 | Active | €310,000 | €3,100 | 28.3% | 68 | 69 |
| rua Lino Paupério | Active | €234,000 | €2,600 | 7.6% | 52 | 72 |
| Median comp | €252,400 | €2,550 | 5.6% | 68 | 72 |
Long-term rental The property in Valongo, listed at €215,000, is overpriced by 45.0% compared to its fair value of €118,274, which raises concerns about achieving sustainable returns in the long-term rental market. With a gross yield of only 4.6%, the potential income does not sufficiently compensate for the investment risk associated with the inflated price. Buy-and-hold Investing in this 3-bed apartment as a buy-and-hold strategy is questionable, given its considerable price above the fair value, leaving less room for appreciation over time. The current market conditions indicate that maintaining value could prove difficult when the purchase price does not align with intrinsic property worth. Family rental While the property may appeal to families due to the suburban location and moderate neighborhood characteristics, the steep price relative to fair value makes it a risky investment in the family rental segment. Achieving profitability will be challenging as the rental income generated might not justify the 45.0% gap from fair value.
Economic and Tenant Instability Risk With both the economic and tenant stability scores at 70/100, there is a moderate risk of fluctuating rental income due to potential economic uncertainties and tenant turnover, which may impact overall property profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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