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 131 m² on the 3rd floor, built in 1998, energy rating A. Located on rua Dom Manuel I, Aver-o-Mar, Amorim e Terroso parish, Póvoa de Varzim municipality, Porto district. Remarkable Feature: The apartment boasts expansive balconies that enhance outdoor living space, providing residents with stunning views of the surrounding area while enjoying the fresh coastal air.
The valuation. The asking price of €380,000 is significantly higher than the fair value of €227,821, resulting in an overpricing of €152,179 (40.0%). This property is not a sound investment based on fair market assessments.
Fair value modelled at €227,821 from the area baseline, adjusted for condition and location. Asking €380,000 sits €152,179 (40.0%) above — overpriced versus fair value.
Asking €380,000 versus the rua Dom Manuel I area baseline of €321,212 (€2,452/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 (Condition 85 · Materials 90 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 66/100 (Housing Market 70 · Amenities 60 · Economic 70 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Dom Manuel I
Area baseline €321,212 + condition +€16,375 + location +€12,719 = modelled fair value of €227,821 (€1,739/m²), a €152,179 (40.0%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Manuel I | Subject | €380,000 | €2,901 | — | 85 | 66 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 0325a0 | Active | €443,000 | €2,669 | 8.0% | 80 | 58 |
| Vila do Conde · 1e6518 | Active | €385,000 | €3,889 | 34.1% | 82 | 61 |
| rua Cidade de La Guardia | Active | €575,000 | €2,738 | 5.6% | 75 | 53 |
| rua Emília Sampaio da Nóvoa | Active | €435,000 | €3,000 | 3.4% | 78 | 58 |
| Median comp | €439,000 | €2,869 | 1.1% | 79 | 58 |
Long-term rental The property is positioned at a listing price of €380,000, which is 40% above the fair value of €227,821, indicating a significant overvaluation. With a gross yield of only 3.6%, the potential return does not justify the high entry price, making long-term rental an unattractive strategy. Buy-and-hold Considering the fair value disparity, buying this property at €380,000 poses considerable risks for a buy-and-hold strategy, as market fluctuations could further exacerbate losses. Moreover, with the condition rated at 84/100 and the neighborhood at 66/100, the property lacks sufficient appreciation potential to warrant investment at this price. Family rental Given the property’s price tag exceeding market value, pursuing a family rental strategy could lead to diminished demand and challenges in securing long-term tenants. The combination of a lower gross yield and neighborhood score diminishes its attractiveness for families seeking longer-term accommodations.
Economic Sensitivity The economic stability score of 70/100 suggests that the property may be at risk from economic downturns, while the tenant stability score of 65/100 indicates a higher likelihood of tenant turnover, which can affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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