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 95 m² on the 3rd floor. Located on estrada Nova, Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy features: The apartment features balconies with unobstructed views, enhancing the tranquil atmosphere while providing ample natural light throughout the living spaces.
The valuation. The asking price of €249,000 is significantly above fair value, which sits at €142,304, resulting in an overpriced distinction of €106,696 (42.8%). This pricing reflects a substantial deviation from the market's realistic expectations. Buy-to-flip angle. Considering the current condition and neighborhood, a resale strategy would involve upgrading the property to enhance its appeal, targeting a quick turnaround in the bustling Rio Tinto market for potential profit. Buy-to-let angle. With an estimated gross yield of 4% based on a rental income of approximately €830/month, this apartment can serve as a reliable long-term rental, catering to families commuting to Porto's employment centers for stable returns.
Fair value modelled at €142,304 from the area baseline, adjusted for condition and location. Asking €249,000 sits €106,696 (42.8%) above — overpriced versus fair value.
Asking €249,000 versus the estrada Nova area baseline of €242,820 (€2,556/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 78 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 65 · Amenities 70 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
estrada Nova
Area baseline €242,820 + condition -€1,336 + location +€10,640 = modelled fair value of €142,304 (€1,498/m²), a €106,696 (42.8%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada Nova | Subject | €249,000 | €2,621 | — | 72 | 70 |
| Ermesinde · 90d912 | Active | €319,000 | €2,703 | 3.1% | 72 | 74 |
| estrada Nova | Active | €289,000 | €3,108 | 18.6% | 70 | 71 |
| estrada Nova | Active | €309,000 | €2,687 | 2.5% | 74 | 75 |
| rua dos Moutidos, 233 | Active | €345,000 | €2,464 | 6.0% | 74 | 70 |
| Median comp | €314,000 | €2,695 | 2.8% | 73 | 73 |
Long-term rental This property, listed at €249,000, is overpriced compared to its fair value of €142,304, indicating a significant gap of 42.8%. With a gross yield of only 4%, the long-term rental strategy is unlikely to provide adequate returns in an already challenging market environment. Family rental Given the high asking price, families seeking rental accommodations in the area might find better value elsewhere, despite the property's decent condition score of 74/100. The neighbourhood's overall quality rating of 70/100 suggests limited appeal for family rentals when considering the substantial pricing premium. Buy-and-hold The substantial difference between the listing price and the fair value signals that this investment is overpriced, making long-term price appreciation unlikely in the competitive housing market. The current valuation may result in challenges related to cash flow and future resale opportunities due to the inflated entry cost.
Economic downturn risk The economic stability score of 75/100 indicates a moderate risk of economic downturn which could affect tenant demand and revenue.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
