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.
0-bedroom, 0-bathroom apartment_building of 215 m². Located on rua Cândido dos Reis, 833, Santa Marinha e São Pedro da Afurada parish, Vila Nova de Gaia municipality, Porto district. Unique Feature: This building's active Local Accommodation License (AL) allows for immediate short-term rental income while benefiting from a prime location near the Porto Wine Cellars.
The valuation. The asking price of €530,000 is significantly above the fair value of €332,198, making it overpriced by €197,802 (37.3%). This discrepancy indicates a poor investment opportunity without justification for the inflated price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cândido dos Reis, 833 | Subject | €530,000 | €2,465 | — | — | 74 |
| rua de Santa Catarina | Active | €960,000 | €3,107 | 26.0% | — | 78 |
| rua Faria Guimarães | Active | €890,000 | €2,641 | 7.1% | — | 76 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · aff4d8 | Active | €2,250,000 | €2,456 | 0.4% | 61 | 74 |
| travessa de São Sebastião | Active | €1,500,000 | €2,381 | 3.4% | 65 | 83 |
| Median comp | €1,230,000 | €2,549 | 3.4% | 63 | 77 |
Long-term rental The current listing price of €530,000 presents a substantial gap of 37.3% compared to the fair value of €332,198, indicating that the property is overpriced. With a gross yield of 0%, this investment lacks immediate return potential, making it less appealing for long-term rental strategies. Family rental Given the 0% gross yield and overall condition rating of 0/100, the property is not a suitable option for family rental markets. The asking price of €530,000 is not aligned with its fair value of €332,198, rendering the investment overpriced and less attractive for families seeking rental accommodations. Buy-and-hold While the suburban location near Porto may offer some economic opportunities, the property's status as overpriced at €530,000 versus a fair value of €332,198 limits its viability as a buy-and-hold investment. Investors should be cautious, as the 0% gross yield and poor condition further diminish its long-term potential.
Tenant turnover risk The tenant stability score of 75 suggests that while current tenants may be reliable, a score of 75 also indicates a potential for higher turnover rates, which could lead to vacancy loss and increased leasing costs.
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