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 70 m², energy rating E. Located Santa Marinha e São Pedro da Afurada parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment includes two private balconies and offers potential for conversion into a third bedroom, enhancing its value in a strategic location.
The valuation. The asking price of €229,000 is €8,371 (3.8%) above the fair value of €220,629. This positions the property as fairly priced in today's market. Buy-to-flip angle. The resale strategy involves enhancing the property’s appeal through minor renovations, particularly focusing on the older finishes, to achieve a quicker flip at a profit. Buy-to-let angle. The rental income strategy indicates a gross yield of 4.3%, with estimated monthly rents around €821, making it an attractive option for long-term family rentals.
Fair value modelled at €220,629 from 6 comparable sales in the area. Asking €229,000 sits €8,371 (3.8%) above — overpriced versus fair value.
Asking €229,000 versus the Santa Marinha e São Pedro da Afurada, Vila Nova de Gaia, Porto area baseline of €203,543 (€2,908/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €203,543, adjusted for condition and micro-location, gives a modelled fair value of €220,629 (€3,152/m²), a €8,371 (3.8%) gap versus the €229,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Marinha e São Pedro da Afurada · 1f34e6 | Subject | €229,000 | €3,271 | — | 58 | 73 |
| rua Doctor Macedo | Active | €265,000 | €3,533 | 8.0% | 70 | 74 |
| Santa Marinha e São Pedro da Afurada · 6c779b | Active | €269,000 | €3,405 | 4.1% | — | 73 |
| rua Viso, 269 | Active | €275,000 | €2,750 | 15.9% | 55 | 72 |
| Santa Marinha e São Pedro da Afurada · 6c77d0 | Active | €269,000 | €3,363 | 2.8% | — | 71 |
| Median comp | €269,000 | €3,384 | 3.4% | 63 | 73 |
Long-term rental The property offers a respectable gross yield of 4.3%, indicating a reasonable return for long-term rental investors. Given the fair value assessment of €220,629, it presents a steady cash flow opportunity in a neighborhood that enjoys a solid profile. Buy-and-hold With a slight gap of 3.8% compared to fair value, purchasing this property is justifiable for long-term investors seeking to benefit from potential appreciation over time. The proximity to Porto further enhances its appeal, making it an attractive hold despite the current fair pricing. Family rental This apartment is well-positioned for family rentals, benefiting from a balanced residential area with adequate amenities that cater to family needs. The property’s fair pricing at €229,000 aligns with the demand for quality living spaces that families seek in Vila Nova de Gaia.
Economic sensitivity risk: Despite a strong economic stability score of 80, the moderate tenant stability score of 70 indicates potential fluctuations in rental income, which could affect overall profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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