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, 1-bathroom apartment of 99 m² on the 1st floor, built in 1988, energy rating D. Located on praça Velásquez, Bonfim parish, Porto municipality, Porto district. The apartment features a practical 2+1 layout, offering two functional suites complemented by an extra room ideal for a home office, enhancing versatility for residents.
The valuation. The asking price of €279,000 is €34,696 (12.4%) above the fair value of €244,304, indicating that the property is overpriced. Buyers should proceed cautiously and consider negotiating based on the valuation discrepancy.
Fair value modelled at €244,304 from the area baseline, adjusted for condition and location. Asking €279,000 sits €34,696 (12.4%) above — overpriced versus fair value.
Asking €279,000 versus the praça Velásquez area baseline of €331,551 (€3,349/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 60 · Materials 65 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 65 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praça Velásquez
Area baseline €331,551 + condition -€20,883 + location +€21,449 = modelled fair value of €244,304 (€2,468/m²), a €34,696 (12.4%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Velásquez | Subject | €279,000 | €2,818 | — | 60 | 72 |
| Santa Marinha e São Pedro da Afurada · 956b7b | Active | €350,000 | €2,991 | 6.1% | 65 | 81 |
| rua da Constituição | Active | €350,000 | €4,023 | 42.8% | — | 74 |
| Paranhos · 91129e | Active | €264,000 | €2,722 | 3.4% | 65 | 71 |
| travessa Damião de Góis, 19 | Active | €278,000 | €2,000 | 29.0% | 68 | 66 |
| Median comp | €314,000 | €2,857 | 1.4% | 65 | 73 |
Long-term rental The apartment's listing price of €279,000 is 12.4% above its estimated fair value of €244,304, indicating that the property is overpriced. With a gross yield of 5.4%, the long-term rental strategy may not generate the expected returns, considering the price premium. Family rental Listed at €279,000, this 3-bed apartment is overpriced by 12.4% compared to its fair value of €244,304, which raises concerns for families seeking affordable housing. While the amenities in the Bonfim area enhance its attractiveness to families, the current price may limit potential interest. Buy-and-hold With a fair value of €244,304 versus a listing of €279,000, this property is 12.4% overpriced, suggesting that a buy-and-hold strategy might not deliver favorable long-term capital appreciation. Although the neighborhood scores 72/100, the elevated purchase price could hinder profitability over time.
Economic Dependence Risk The property could face challenges due to a moderate economic stability score of 75/100, which may indicate potential fluctuations in tenant quality and demand for rentals.
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