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.
3-bedroom, 2-bathroom apartment of 166 m², built in 2003, energy rating D. Located on rua Gramoínhos, 489, Mafamude e Vilar do Paraíso parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment includes a closed garage (Box) with capacity for 2 vehicles, enhancing convenience in a bustling area with strong transport links. Surroundings: The property is situated in a calm, family-friendly residential neighborhood, improving quality of life and appeal for families.
The valuation. The asking price of €370,000 sits at a fair value of €396,125, indicating a slight difference of €26,125 (6.6%). This suggests that the property is realistically priced. Buy-to-flip angle. The buy-to-flip strategy would capitalize on the potential to enhance the property’s appeal through minimal upgrades, allowing for a resale at a higher price for quick returns. Buy-to-let angle. With an estimated gross yield of 4%, generating approximately €1,233 a month, the long-term rental strategy promises a stable income stream in a well-connected neighborhood.
Fair value modelled at €396,125 from 6 comparable sales in the area. Asking €370,000 sits €26,125 (6.6%) below — the upside to fair value.
Asking €370,000 versus the rua Gramoínhos, 489 area baseline of €360,593 (€2,172/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €360,593, adjusted for condition and micro-location, gives a modelled fair value of €396,125 (€2,386/m²), a €26,125 (6.6%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gramoínhos, 489 | Subject | €370,000 | €2,229 | — | 72 | 70 |
| rua Corujeiras, 437 | Active | €320,000 | €2,353 | 5.6% | 75 | 78 |
| Santa Marinha e São Pedro da Afurada · 4d41b4 | Active | €264,900 | €2,365 | 6.1% | 75 | 68 |
| rua 14 Outubro | Active | €550,000 | €2,558 | 14.8% | 72 | 71 |
| rua da Fontainha | Active | €370,000 | €1,968 | 11.7% | 73 | 62 |
| Median comp | €345,000 | €2,359 | 5.8% | 74 | 70 |
Long-term rental The property is situated in a suburban area of Porto, providing access to city amenities that can attract long-term tenants. With a fair valuation of €396,125 and yielding 4% gross, the investment demonstrates moderate potential with stable rental income. Family rental Offering a spacious 3-bedroom layout in a reasonably rated neighborhood, this apartment is suitable for families looking for a home near Porto. Despite its fair valuation, the property meets the demands of family tenants due to its size and local amenities, ensuring consistent occupancy. Buy-and-hold As a buy-and-hold strategy, this property presents an opportunity to accumulate value over time in a suburban Porto area, though it is currently fairly priced. The consistent yield of 4% gross, coupled with potential long-term appreciation, aligns well with a stable investment approach.
Economic and Tenant Instability The economic and tenant stability scores of 70/100 indicate a moderate risk of fluctuations in rental income and potential vacancies due to changing market conditions.
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