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 mix_use_building of 1269 m². Located Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória parish, Porto municipality, Porto district. Noteworthy Features: This abandoned seven-floor building is strategically located next to the City Hall, offering immense potential for redevelopment in a bustling downtown Porto area. Condition Notes: Extensive rehabilitation is required due to significant disrepair and structural concerns.
The valuation. The asking price of €4,700,000 exceeds the fair value of €3,676,811 by €1,023,189, representing an overpriced scenario of 21.8%. This suggests that potential buyers may not find intrinsic value in this investment.
Fair value modelled at €3,676,811 from the area baseline, adjusted for condition and location. Asking €4,700,000 sits €1,023,189 (21.8%) above — overpriced versus fair value.
Asking €4,700,000 versus the Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória, Porto, Porto area baseline of €4,643,271 (€3,659/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 24/100 (Condition 18 · Materials 25 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 82/100 (Housing Market 85 · Amenities 85 · Economic 80 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória, Porto, Porto
Area baseline €4,643,271 + condition -€1,021,148 + location +€533,102 = modelled fair value of €3,676,811 (€2,897/m²), a €1,023,189 (21.8%) gap versus the €4,700,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 5ecf13 | Subject | €4,700,000 | €3,704 | — | 18 | 82 |
| rua de Anselmo Braamcamp, 462 | Active | €590,000 | €4,403 | 18.9% | 25 | 78 |
| rua do Duque de Saldanha | Active | €700,000 | €3,518 | 5.0% | 18 | 83 |
| rua da Boavista | Active | €1,400,000 | €3,911 | 5.6% | — | 78 |
| rua de Santa Teresa, 24 | Active | €900,000 | €2,990 | 19.3% | 13 | 79 |
| Median comp | €800,000 | €3,715 | 0.3% | 18 | 79 |
Long-term rental The property, listed at €4,700,000, is overpriced by 21.8% compared to its fair value of €3,676,811, making it a less attractive option for long-term rental investments. Additionally, with a gross yield of 0% and a condition score of only 24/100, prospective investors face significant risks in securing consistent rental income. Buy-and-hold As an investment for a buy-and-hold strategy, the property is currently overpriced by 21.8%, suggesting that holding it long-term may not yield adequate returns due to its fair value of €3,676,811. The low condition rating of 24/100 further indicates that significant renovations would be necessary, likely reducing profitability. Family rental With a current listing price of €4,700,000, the property is overpriced by 21.8% compared to its fair value, making it an unsuitable choice for family rental investments. The combination of a 0% yield and a concerning condition score of 24/100 suggests that this property may not be able to provide a safe and reliable living environment for families.
Tenant turnover risk High tenant turnover may occur due to the 80/100 tenant stability score, indicating potential volatility in rental income.
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