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 99 m² on the 2nd floor, energy rating C. Located on rua Palmeira, 160, Mafamude e Vilar do Paraíso parish, Vila Nova de Gaia municipality, Porto district. The property features a kitchen with modern appliances and a charming veranda, while offering excellent accessibility with just a 5-minute drive to the Santo Ovídio subway station.
The valuation. The asking price of €275,000 exceeds the fair value of €242,363 by €32,637 (11.9%). This indicates the property is overpriced in the current market.
Fair value modelled at €242,363 from the area baseline, adjusted for condition and location. Asking €275,000 sits €32,637 (11.9%) above — overpriced versus fair value.
Asking €275,000 versus the rua Palmeira, 160 area baseline of €263,736 (€2,664/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 58 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 65 · Economic 70 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Palmeira, 160
Area baseline €263,736 + condition -€20,728 + location +€17,670 = modelled fair value of €242,363 (€2,448/m²), a €32,637 (11.9%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Palmeira, 160 | Subject | €275,000 | €2,778 | — | 65 | 68 |
| praceta Palmeira, 162 | Active | €285,000 | €2,689 | 3.2% | 70 | 71 |
| rua Jardim | Active | €250,000 | €2,778 | 0% | 65 | 78 |
| Mafamude e Vilar do Paraíso · 1e62aa | Active | €300,000 | €3,371 | 21.3% | 55 | 76 |
| Canelas · 6fbb75 | Active | €269,000 | €2,491 | 10.3% | 65 | 76 |
| Median comp | €277,000 | €2,734 | 1.6% | 65 | 76 |
Long-term rental The property is overpriced at €275,000 compared to its fair value of €242,363, creating a gap of 11.9%, which may hinder profitability in the long-term rental market. With a yield of only 3.9% gross and a neighborhood quality rating of 68/100, the investment does not align with ideal long-term rental returns. Family rental Given the property's significant overpricing, securing consistent tenants may prove to be challenging, especially considering the yield of 3.9% gross. The condition score of 62/100 suggests that families might be deterred by potential renovation needs and the overall value proposition of the apartment. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is less appealing due to the current overpriced status, with market conditions favoring a fair value closer to €242,363. The combination of a low yield and a need for improvements makes it unlikely that this investment will meet the long-term growth expectations typically associated with buy-and-hold strategies.
Tenant default risk With a tenant stability score of 65/100, there's a notable risk of tenant defaults which could lead to increased vacancy rates and potential loss of rental income.
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