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.
1-bedroom, 1-bathroom apartment of 64 m², built in 1989, energy rating C. Located Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The apartment features an annex that can be customized for various uses, enhancing its value and versatility in a practical living environment.
The valuation. The asking price of €185,000 is significantly below the fair value of €223,027, indicating an undervaluation of €38,027 (17.1%). This opportunity provides advantageous entry for potential investors. Buy-to-flip angle. A buy-to-flip strategy could yield substantial returns by renovating the 1-bed apartment and capitalizing on its attractive pricing compared to fair market value. A well-executed update could enhance resale value significantly. Buy-to-let angle. The property boasts a gross yield of 4.5%, estimated at €694/month, making it a viable option for long-term rental investment. Its suburban location, accessible to Porto employment, is appealing for family rentals.
Fair value modelled at €223,027 from 6 comparable sales in the area. Asking €185,000 sits €38,027 (17.1%) below — the upside to fair value.
Asking €185,000 versus the Ermesinde, Valongo, Porto area baseline of €215,294 (€3,364/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €215,294, adjusted for condition and micro-location, gives a modelled fair value of €223,027 (€3,485/m²), a €38,027 (17.1%) gap versus the €185,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · 6a957e | Subject | €185,000 | €2,891 | — | 58 | 71 |
| Ermesinde · 6fb830 | Active | €170,000 | €4,250 | 47.0% | 60 | 73 |
| rua Pedro Homem de Melo | Active | €230,000 | €2,771 | 4.1% | 65 | 71 |
| Rio Tinto · 99f40b | Active | €229,500 | €3,477 | 20.3% | — | 65 |
| travessa de Ermesinde, 85 | Active | €227,000 | €3,492 | 20.8% | — | 76 |
| Median comp | €228,250 | €3,485 | 20.5% | 63 | 72 |
Long-term rental The property presents a strong opportunity for long-term rental, given its fair value of €223,027 compared to the listing price of €185,000, which represents a 17.1% gap indicating it is underpriced. With a gross yield of 4.5% and a neighborhood score of 71/100, the investment has solid potential for stable income. Family rental As a 1-bed apartment situated in a suburban area near Porto, this property is well-suited for family rental, benefiting from access to employment and amenities that appeal to families. At €185,000, it stands below its fair value of €223,027, suggesting robust rental potential in a desirable location for family tenants. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is reinforced by its favorable fair value of €223,027, indicating it is underpriced at the current listing of €185,000. With a neighborhood quality rating of 71/100 and the suburban context providing stability, it represents a solid long-term asset for appreciation.
Tenant churn risk The tenant stability score of 70/100 suggests that there may be a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs in the future.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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