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 200 m² on the 8th floor, energy rating D. Located on jardim em Ermesinde, Ermesinde parish, Valongo municipality, Porto district. Unique Feature: This apartment includes a private balcony with panoramic views of the surrounding area, enhancing the living experience and providing an outdoor relaxation space. Accessibility: The building is equipped with an elevator, facilitating easy access to the 8th floor.
The valuation. The asking price of €470,000 is significantly above the fair value of €65,785, representing an excess of €404,215 or 86.0%. The property is thus deemed overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| jardim em Ermesinde | Subject | €470,000 | €2,350 | — | — | 68 |
| rua Doutor Alberto Lemos, 5 | Active | €345,000 | €3,791 | 61.3% | 65 | 70 |
| rua da Ferraria S / N | Active | €302,000 | €2,649 | 12.7% | 65 | 75 |
| rua Doutor António de Sousa Oliveira | Active | €353,000 | €2,695 | 14.7% | 65 | 69 |
| Águas Santas · 96c33b | Active | €355,000 | €3,318 | 41.2% | 60 | 70 |
| Median comp | €349,000 | €3,007 | 27.9% | 65 | 70 |
Long-term rental Given the significant gap of 86.0% between the listing price of €470,000 and the fair value of €65,785, this 3-bed apartment in Ermesinde is clearly overpriced for long-term rental strategies. The gross yield of 3.4% does not justify the investment risk given the property's high acquisition cost and poor condition rating of 0/100. Family rental This property, with a family-oriented layout, is not suitable for family rental due to its overpriced status at €470,000, particularly when it is valued at just €65,785. The apartment's condition and gross yield further indicate that it is not aligned with the expectations and needs of potential tenants in the family rental market. Buy-and-hold Acquiring this property for a buy-and-hold strategy is untenable, as its listing price of €470,000 reflects an 86.0% premium over its fair value of €65,785. Generating sustainable returns is unlikely given the low gross yield of 3.4% and the property's extremely poor condition.
Potential Tenant Turnover The tenant stability score of 65/100 indicates a relatively high risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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