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 131 m², built in 2025, energy rating A. Located on rua da Alegria, 645, Bonfim parish, Porto municipality, Porto district. Private Outdoor Spaces: The apartment features a lush 43 m² private garden, providing a rare urban oasis for relaxation amid the bustling city environment. Technology and Energy Efficiency: It includes a state-of-the-art air conditioning and electric heat pump, enhancing comfort and energy savings year-round.
The valuation. The asking price of €305,000 sits €139,546 (31.4%) below the fair value of €444,546, indicating the property is subpriced. This presents a compelling opportunity for savvy investors looking to capitalize on immediate equity gains.
Fair value modelled at €444,546 from 6 comparable sales in the area. Asking €305,000 sits €139,546 (31.4%) below — the upside to fair value.
Asking €305,000 versus the rua da Alegria, 645 area baseline of €367,633 (€2,806/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 is above the parish average, lifting 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 €367,633, adjusted for condition and micro-location, gives a modelled fair value of €444,546 (€3,393/m²), a €139,546 (31.4%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria, 645 | Subject | €305,000 | €2,328 | — | 70 | 77 |
| rua do Zambeze, 74 | Active | €128,000 | €2,133 | 8.4% | 74 | 73 |
| rua de Pedro Hispano | Active | €299,000 | €4,672 | 100.7% | 77 | 73 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 49b70f | Active | €270,000 | €2,842 | 22.1% | 75 | 74 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 6d53d8 | Active | €350,000 | €3,153 | 35.4% | 75 | 76 |
| Median comp | €284,500 | €2,998 | 28.7% | 75 | 74 |
Long-term rental This property in Bonfim presents a compelling opportunity for long-term rental investments, with a fair value gap of 31.4% indicating its strong potential. The gross yield of 5.3% further enhances its attractiveness, making it a solid choice for generating steady cash flow in a central location. Buy-and-hold Given the substantial difference between the listing price and fair value, this 1-bed apartment is an excellent buy-and-hold investment. With central Porto's tourist and student appeal, the property is likely to appreciate over time, ensuring long-term capital gains. Short-term vacation rental The location advantages of public transport and walkability make this apartment well-suited for short-term vacation rentals, capitalizing on Porto's influx of tourists. The manageable condition score of 73/100 suggests that minimal renovations might be needed to optimize it for short-term guests, providing an excellent rental yield opportunity.
Tenant turnover risk High tenant turnover is possible due to a tenant stability score of 70/100, which may result in 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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