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.
2-bedroom, 2-bathroom apartment of 71 m², energy rating F. Located on rua da Firmeza, 88, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: The apartment boasts large windows that ensure abundant natural light and a versatile extra room suitable for an office or guest bedroom, enhancing its functionality.
The valuation. The asking price of €295,000 is €39,504 (15.5%) above the fair value of €255,496, indicating that the property is overpriced. Buyers should be cautious as this premium does not align with typical market expectations.
Fair value modelled at €255,496 from 6 comparable sales in the area. Asking €295,000 sits €39,504 (15.5%) above — overpriced versus fair value.
Asking €295,000 versus the rua da Firmeza, 88 area baseline of €220,694 (€3,108/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €220,694, adjusted for condition and micro-location, gives a modelled fair value of €255,496 (€3,599/m²), a €39,504 (15.5%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Firmeza, 88 | Subject | €295,000 | €4,155 | — | 70 | 83 |
| rua José Saramago | Active | €269,000 | €2,360 | 43.2% | 74 | 68 |
| rua Diogo Cassels, 121 | Active | €535,000 | €3,993 | 3.9% | 70 | 73 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 956d76 | Active | €225,000 | €6,250 | 50.4% | — | 80 |
| rua da Constituição, 56 | Active | €350,000 | €4,730 | 13.8% | 70 | 80 |
| Median comp | €309,500 | €4,362 | 5.0% | 70 | 77 |
Long-term rental The 2-bed apartment in Bonfim, Porto is overpriced at €295,000, compared to a fair value of €255,496, indicating a 15.5% premium that diminishes the investment appeal. With a gross yield of 4.8%, the property's financial return is insufficient to warrant the elevated price in today’s market. Buy-and-hold With a fair value gap of 15.5%, acquiring this apartment for €295,000 means investors may face stagnant appreciation relative to its actual worth of €255,496. Additionally, the property’s 69/100 condition may require further investment for upgrades, impacting overall returns over time. Luxury market Positioning this apartment in the luxury market could be challenging given its pricing above fair value and the existing return dynamics. The neighbourhood rating of 83/100 supports a strong profile, yet the property’s pricing may not align with luxury market expectations. Not ideal for short-term rental As the property is overpriced at €295,000, it doesn't fit the short-term rental model where profitability hinges on competitive pricing. The market dynamics suggest better options exist for this rental strategy. Not ideal for student housing The high asking price of €295,000 does not suit the lower budget typically associated with student housing. Thus, potential returns do not justify the premium required for this apartment in a student market context.
Potential Tenant Turnover This investment may face increased tenant turnover risk due to a tenant stability score of 80/100, indicating that 20% of tenants may be at risk of leaving in any given period, potentially affecting cash flow stability.
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