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 89 m² on the 1st floor, built in 1976, energy rating C. Located on rua Gomes de Amorim, 703, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: This apartment includes a generous balcony with unobstructed sea views and is located just 200m from the beach, ensuring a tranquil coastal lifestyle.
The valuation. The asking price of €245,000 sits €44,234 (22.0%) above the fair value of €200,766, indicating that the property is overpriced. This discrepancy suggests limited potential for immediate gains. Buy-to-flip angle. A buy-to-flip strategy may be challenging due to the current asking price exceeding fair value, likely limiting quick resale potential. Investors should proceed with caution in this market. Buy-to-let angle. The estimated rental income of €898 per month yields a gross return of 4.4%, making it a viable option for long-term family rentals. However, the property's neighborhood factors into tenant demand and overall profitability.
Fair value modelled at €200,766 from 6 comparable sales in the area. Asking €245,000 sits €44,234 (22.0%) above — overpriced versus fair value.
Asking €245,000 versus the rua Gomes de Amorim, 703 area baseline of €163,739 (€1,840/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €163,739, adjusted for condition and micro-location, gives a modelled fair value of €200,766 (€2,256/m²), a €44,234 (22.0%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gomes de Amorim, 703 | Subject | €245,000 | €2,753 | — | 70 | 62 |
| rua Cidade de Vila Nova de Famalicão | Active | €269,000 | €2,423 | 12.0% | 70 | 65 |
| rua Cidade de Vila Nova de Famalicão, 291 | Active | €295,000 | €2,269 | 17.6% | 75 | 65 |
| Vila do Conde · f365bb | Active | €280,000 | €2,258 | 18.0% | 70 | 58 |
| Vila do Conde · bf2854 | Active | €320,000 | €2,254 | 18.1% | 65 | 64 |
| Median comp | €287,500 | €2,264 | 17.8% | 70 | 65 |
Long-term rental A gross yield of 4.4% indicates potential income, yet the property is overpriced at €245,000 compared to the fair value of €200,766. With a neighbourhood rating of 62/100, long-term rental prospects may be limited by the suburban characteristics and overall condition of the unit, rated at 72/100. Family rental While the property offers adequate space for family living, its price point at €245,000 does not align with the fair value of €200,766, suggesting it is overpriced. Furthermore, the suburban setting may limit family appeal, compromising its ability to attract long-term residents. Buy-and-hold Investing in this property might seem attractive given its suburban location and space, but at €245,000, it is notably above its fair value of €200,766, making it overpriced. The 4.4% gross yield does not sufficiently justify the investment when accounting for neighbourhood and condition ratings that could hinder appreciation.
Economic Sensitivity With an economic stability score of 60/100, there is a moderate risk that economic downturns could adversely affect the property's performance and tenant occupancy rates, potentially leading to increased vacancy and reduced rental income.
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