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.
4-bedroom, 2-bathroom apartment of 140 m² on the 2nd floor, built in 1963, energy rating C. Located on rua do Covelo S / N, Paranhos parish, Porto municipality, Porto district. Noteworthy Features: The apartment enjoys a triple solar exposure maximizing natural light, and its strategic layout allows for easy conversion into a fourth bedroom or spacious office.
The valuation. The asking price of €389,000 is significantly higher than the fair value of €340,612, indicating a discrepancy of €48,388 (14.2%). Thus, the property is considered overpriced.
Fair value modelled at €340,612 from 6 comparable sales in the area. Asking €389,000 sits €48,388 (14.2%) above — overpriced versus fair value.
Asking €389,000 versus the rua do Covelo S / N area baseline of €296,686 (€2,119/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €296,686, adjusted for condition and micro-location, gives a modelled fair value of €340,612 (€2,433/m²), a €48,388 (14.2%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Covelo S / N | Subject | €389,000 | €2,779 | — | 72 | 73 |
| Bonfim · 28bb74 | Active | €498,000 | €1,968 | 29.2% | 74 | 72 |
| rua Tomás Ribeiro, 11 | Active | €570,000 | €2,395 | 13.8% | 75 | 81 |
| rua de Serpa Pinto, 700 | Active | €340,000 | €3,036 | 9.3% | 74 | 75 |
| alameda Miguel de Almeida | Active | €249,000 | €2,092 | 24.7% | 73 | 72 |
| Median comp | €419,000 | €2,244 | 19.3% | 74 | 74 |
Buy-and-hold The current listing price of €389,000 reflects a 14.2% gap above the fair value of €340,612, indicating that this investment is overpriced. While the gross yield of 5% may seem attractive, the property's inflated price could hinder long-term capital appreciation in the area. Family rental At €389,000, this property sits above the fair value threshold, which is concerning for a family rental strategy given the current demand dynamics. With a neighborhood score of 73/100, although it has decent amenities, the price may not translate into corresponding rental income potential. Long-term rental Despite its reasonable yield of 5%, the €389,000 price tag represents a 14.2% overvaluation compared to its fair value, suggesting a poor long-term investment outlook. A long-term rental strategy may struggle to justify this price against the backdrop of neighborhood quality and overall condition score of 76/100, which could limit tenant demand and retention.
Economic Vulnerability The property's economic stability score of 70 suggests moderate risk due to potential fluctuations in the local economy that could impact rental income. Tenant Turnover Risk With a tenant stability score of 75, there is a risk of moderate tenant turnoverleading to potential vacancies and loss of rental income.
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