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 168 m² on the 2nd floor, built in 2003, energy rating C. Located on praceta José António Oliveira Júnior, 191, Balazar parish, Póvoa de Varzim municipality, Porto district. This apartment boasts a large living room with a heat recovery system, enhancing energy efficiency while providing direct balcony access for outdoor enjoyment.
The valuation. The asking price of €310,000 sits just below fair value at €312,884, representing a slight difference of €2,884 (0.9%). This property can be considered fairly valued within the current market context.
Fair value modelled at €312,884 from 6 comparable sales in the area. Asking €310,000 sits €2,884 (0.9%) below — the upside to fair value.
Asking €310,000 versus the praceta José António Oliveira Júnior, 191 area baseline of €272,537 (€1,622/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €272,537, adjusted for condition and micro-location, gives a modelled fair value of €312,884 (€1,862/m²), a €2,884 (0.9%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta José António Oliveira Júnior, 191 | Subject | €310,000 | €1,845 | — | 75 | 72 |
| rua Flávio Gonçalves, 259 | Active | €285,000 | €1,863 | 0.9% | 68 | 61 |
| Bougado (São Martinho e Santiago) · f36447 | Active | €270,000 | €1,862 | 0.9% | 63 | 70 |
| Vila do Conde · 4a8186 | Active | €350,000 | €2,318 | 25.6% | 69 | 62 |
| rua Infante Dom Henrique, 284 | Active | €345,000 | €2,029 | 10.0% | 73 | 63 |
| Median comp | €315,000 | €1,946 | 5.5% | 69 | 63 |
Long-term rental The 3-bedroom apartment in Balazar offers a gross yield of 2.8%, which aligns well with the fair market conditions in the area. With a fair value of €312,884 and a listing price of €310,000, the slight premium reflects the property's average condition and neighborhood ratings. Family rental This property is ideal for families due to its spacious layout and proximity to good public schools, but its 2.8% yield indicates that the rental income may only meet market expectations. Given its fair valuation, potential investors can anticipate stable demand from family tenants who prioritize education and safety. Buy-and-hold The apartment at €310,000 is fairly priced, suggesting that it could be a reasonable long-term investment in a stable suburban environment. While the modest yield of 2.8% might not excite every investor, the steady demand in Balazar, supported by its proximity to Braga, may result in gradual equity appreciation over time.
Economic volatility risk A score of 70 in economic stability indicates potential fluctuations in the local economy that could impact property values and rental income, leading to unexpected financial challenges.
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