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 53 m² on the 3rd floor, built in 1970, energy rating E. Located on praça Velásquez, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: The apartment includes a terrace that extends the living area, providing valuable private outdoor space in a vibrant urban setting. Renovation Potential: Ideal for customization, allowing future owners to enhance its current charm.
The valuation. The asking price of €194,000 is below the fair value of €216,156, indicating an undervaluation of €22,156 (10.2%). This presents an attractive opportunity for potential investors. Buy-to-flip angle. With minor upgrades, the property can be positioned for a resale at a higher market price, targeting a quick turnaround strategy in a reinforcing neighbourhood. Buy-to-let angle. Generating an estimated gross yield of 5.2% (~€841/month), the property is ideal for long-term family rentals due to its proximity to amenities in an appealing suburban environment.
Fair value modelled at €216,156 from 6 comparable sales in the area. Asking €194,000 sits €22,156 (10.2%) below — the upside to fair value.
Asking €194,000 versus the praça Velásquez area baseline of €193,182 (€3,645/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €193,182, adjusted for condition and micro-location, gives a modelled fair value of €216,156 (€4,078/m²), a €22,156 (10.2%) gap versus the €194,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Velásquez | Subject | €194,000 | €3,660 | — | 68 | 80 |
| rua de Serpa Pinto | Active | €208,000 | €3,782 | 3.3% | 70 | 73 |
| rua Aníbal Cunha, 84 | Active | €239,000 | €4,509 | 23.2% | 68 | 82 |
| praça do Marquês | Active | €280,000 | €4,375 | 19.5% | 68 | 75 |
| rua de Pinto Bessa, 661 | Active | €219,000 | €2,808 | 23.3% | 68 | 72 |
| Median comp | €229,000 | €4,079 | 11.4% | 68 | 74 |
Long-term rental The 1-bed apartment in Bonfim is well-positioned for long-term rental, showing a strong yield of 5.2% gross while being priced 10.2% below its fair value, which enhances its appeal to diverse tenants. Given the neighborhood's safety and amenities, this property offers a reliable income stream in a desirable area. Family rental With its solid condition score of 66/100 and a family-friendly neighborhood rating of 80/100, this property is an attractive option for long-term family rentals. The 10.2% gap from fair value adds an extra layer of security for families looking for stability in their housing. Buy-and-hold The strategic purchase of this apartment in Bonfim allows for a buy-and-hold strategy given its fair value positioning and neighborhood desirability. Owning a property priced 10.2% under its fair value provides a cushion against market fluctuations while ensuring steady appreciation potential in a growing area.
Economic Dependence Risk: With both economic and tenant stability scores at 80/100, there may be an over-reliance on local economic conditions that could lead to vulnerabilities if any downturn occurs.
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