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, 1-bathroom apartment of 79 m², energy rating C. Located on rua Gaspar Manuel, Vila do Conde parish, Vila do Conde municipality, Porto district. Noteworthy Features: This apartment boasts a recently renovated kitchen equipped with high-end appliances, enhancing both functionality and style in the heart of Vila do Conde.
The valuation. The asking price of €320,000 significantly exceeds the fair value of €245,939, indicating an overvaluation of €74,061 (30.1%). This price discrepancy suggests caution for potential buyers. Buy-to-flip angle. A resale strategy could target buyers looking for modern finishes in a developed area, aiming for a profit through minor renovations and marketing to investors seeking attractive properties. Buy-to-let angle. With an estimated gross yield of 3.3%, the apartment could generate approximately €880/month in rental income, making it a potential long-term family rental in a mixed neighborhood with suburban characteristics.
Fair value modelled at €245,939 from 6 comparable sales in the area. Asking €320,000 sits €74,061 (30.1%) above — overpriced versus fair value.
Asking €320,000 versus the rua Gaspar Manuel area baseline of €202,481 (€2,563/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 €202,481, adjusted for condition and micro-location, gives a modelled fair value of €245,939 (€3,113/m²), a €74,061 (30.1%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gaspar Manuel | Subject | €320,000 | €4,051 | — | 72 | 58 |
| Vila do Conde · ba5af9 | Active | €298,000 | €3,348 | 17.3% | 80 | 67 |
| Vila do Conde · 6d53bb | Active | €240,000 | €2,759 | 31.9% | 75 | 67 |
| rua José Afonso | Active | €249,000 | €3,000 | 25.9% | 70 | 68 |
| travessa da Poça da Barca | Active | €295,000 | €3,933 | 2.9% | 78 | 56 |
| Median comp | €272,000 | €3,174 | 21.6% | 77 | 67 |
Long-term rental This property is considered overpriced with a fair value of €245,939, representing a 30.1% gap from the listing price of €320,000. The gross yield of 3.3% does not justify this premium, particularly given the neighborhood rating of 58/100, which reflects potential tenant quality concerns. Buy-and-hold Investing in this property as a buy-and-hold strategy is risky due to its overpriced status, with a significant deviation of 30.1% from fair market value. Moreover, with a neighborhood score of 58/100, the potential for appreciation may be limited, diluting long-term returns. Family rental With a fair value of €245,939, this property is overpriced at €320,000, indicating challenges for family rental viability. The gross yield of 3.3% does not align with the investment appeal, particularly given the neighborhood's average rating of 58/100, which may affect family desirability in the area.
Tenant turnover risk With both economic stability and tenant stability scores at 60/100, there is a heightened risk of tenant turnover, potentially leading to increased vacancy rates and associated costs.
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