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 90 m² on the 2nd floor, built in 2005, energy rating E. Located on rua do Centro Republicano Pádua Correia, 311, 2º, Gondomar (São Cosme), Valbom e Jovim parish, Gondomar municipality, Porto district. This apartment features two spacious balconies that enhance natural lighting and outdoor access, creating a serene space for relaxation in a vibrant residential area.
The valuation. The asking price of €301,000 significantly exceeds the fair value of €44,168, resulting in an overpriced assessment of €256,832 (85.3%). This property does not represent a financial opportunity based on current market conditions.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Centro Republicano Pádua Correia, 311, 2º | Subject | €301,000 | €3,344 | — | — | 74 |
| rua Aquilino Ribeiro, 237 | Active | €225,000 | €2,744 | 18.0% | 62 | 63 |
| rua Ourives | Active | €260,000 | €3,333 | 0.3% | — | 75 |
| rua Centro Republicano Pádua Correia | Active | €283,000 | €2,461 | 26.4% | 72 | 71 |
| rua Marquesa Cadaval, 140 | Active | €234,900 | €2,447 | 26.8% | 68 | 76 |
| Median comp | €247,450 | €2,603 | 22.2% | 68 | 73 |
Long-term rental The 2-bed apartment in Gondomar, priced at €301,000 but with a fair value of only €44,168, is significantly overpriced, presenting a challenge for long-term rental viability. With a gross yield of just 2.8%, potential returns are unlikely to justify the substantial initial investment. Buy-and-hold This property exhibits a substantial gap of 85.3% between its listing price and fair value, making it a less attractive option for a buy-and-hold strategy. The current condition rating of 0/100 further raises concerns about long-term maintenance and capital appreciation potential. Family rental While the neighborhood scores a respectable 74/100 for liveability, the 85.3% overpriced listing makes this apartment a poor choice for family rental investments. The low gross yield of 2.8% suggests limited financial upside, particularly when factoring in the property's dismal condition rating.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate risk of tenant turnover that could lead to increased vacancy rates and associated costs.
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