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 110 m² on the 2nd floor, built in 2001. Located Gondomar (São Cosme), Valbom e Jovim parish, Gondomar municipality, Porto district. Noteworthy Features: This apartment boasts a spacious balcony with views overlooking the peaceful surroundings of Gondomar, enhancing outdoor living and relaxation opportunities.
The valuation. The asking price of €268,500 is significantly above the fair value of €225,335, indicating the property is overpriced by €43,165 (19.2%). This discrepancy suggests potential challenges in achieving a profitable exit. Buy-to-flip angle. Given the current market valuation, a buy-to-flip strategy would face difficulties due to the property being overpriced, limiting potential resale margins. A strategic renovation may be necessary to improve appeal and justify a higher resale price. Buy-to-let angle. The projected gross yield of 4.1% at approximately €917/month presents a decent rental income opportunity, catering to family rentals in a suburban area with good access to amenities. However, the investment must consider the initial overvaluation in income projections.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Gondomar (São Cosme), Valbom e Jovim · 89e62d | Subject | €268,500 | €2,441 | — | — | 75 |
| rua Timor | Active | €259,500 | €2,425 | 0.6% | 74 | 73 |
| avenida Carvalha | Active | €299,900 | €1,947 | 20.2% | 72 | 74 |
| rua Dom João I | Active | €224,000 | €2,093 | 14.2% | 61 | 73 |
| rua Cesário Verde | Active | €300,000 | €1,796 | 26.4% | 73 | 77 |
| Median comp | €279,700 | €2,020 | 17.2% | 73 | 74 |
Buy-and-hold\nThe property is overpriced by 19.2% against its fair value, which diminishes potential long-term returns for investors. With a gross yield of 4.1%, the current pricing makes holding this asset less attractive for wealth accumulation and capital appreciation.\n\nLong-term rental\nGiven the significant gap between the listing price and fair value, the long-term rental strategy appears less favorable in terms of financial efficiency. The 4.1% gross yield may not meet investor expectations when factoring in the elevated purchase cost and ongoing property management expenses.\n\nFamily rental\nThis property, while located in a suburban area with access to amenities, is still overpriced by 19.2%, limiting the attractiveness for family rentals. The poor condition rating of 0/100 further complicates its suitability, suggesting higher renovation costs will impact net rental income and potential family appeal.
Potential for Tenant Turnover Given the tenant stability score of 70/100, there is a risk of higher tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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