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, 3-bathroom apartment of 154 m² on the 3rd floor, built in 1998, energy rating C. Located Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: This apartment boasts a generous living room with a fireplace, providing both warmth and ambiance, and an additional laundry area conveniently located next to the kitchen.
The valuation. The asking price of €299,000 is significantly above the fair value of €244,400, reflecting a discrepancy of €54,600 (18.3%). This valuation indicates that the property is overpriced.
Fair value modelled at €244,400 from the area baseline, adjusted for condition and location. Asking €299,000 sits €54,600 (18.3%) above — overpriced versus fair value.
Asking €299,000 versus the Ermesinde, Valongo, Porto area baseline of €364,364 (€2,366/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 82/100 (Housing Market 85 · Amenities 80 · Economic 80 · Tenant Quality 85). Strong amenities and housing-market momentum support a premium to baseline.
Ermesinde, Valongo, Porto
Area baseline €364,364 + condition +€1,203 + location +€27,597 = modelled fair value of €244,400 (€1,587/m²), a €54,600 (18.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · 911243 | Subject | €299,000 | €1,942 | — | 72 | 82 |
| rua Ilha de Moçambique, 160 | Active | €249,000 | €2,128 | 9.6% | 70 | 72 |
| rua Central do Barreiro | Active | €310,000 | €1,962 | 1.1% | 72 | 74 |
| rua da Queimada | Active | €290,000 | €2,000 | 3.0% | 72 | 79 |
| Ermesinde · 937627 | Active | €295,000 | €2,398 | 23.5% | 75 | 73 |
| Median comp | €292,500 | €2,064 | 6.3% | 72 | 74 |
Long-term rental The property is overpriced at €299,000, exceeding its fair value of €244,400 by 18.3%, which may hinder rental demand in a competitive market. With a gross yield of only 4.8%, investors might find it challenging to justify this investment for long-term rental purposes. Family rental Given the 18.3% gap from fair value, the pricing of €299,000 limits its attractiveness for families seeking affordable housing in the area. While the neighbourhood's rating of 82/100 suggests quality, the investment's current price does not reflect a sensible opportunity for family rentals. Buy-and-hold At a current listing of €299,000, which is above its fair value, the buy-and-hold strategy may struggle to deliver substantial returns in the long term. The apartment's yield of 4.8% combined with an overpriced acquisition price makes it less appealing for a sustainable investment approach.
Potential Economic Downturn The economic stability score of 80/100 suggests a solid foundation, but minor fluctuations in the economy could still impact lease renewals and tenant turnover, potentially affecting rental income.
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