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 house of 144 m², energy rating D. Located on rua Lage de Cima, 586, Modivas parish, Vila do Conde municipality, Porto district. Noteworthy Features: The property includes an outdoor bathroom, enhancing convenience, and has a small front garden and a decent backyard, offering outdoor space despite the need for updates.
The valuation. The asking price of €239,000 is slightly below the fair value of €258,803, indicating a difference of €19,803 (7.7%). This property is fairly priced for the current market.
Fair value modelled at €258,803 from 6 comparable sales in the area. Asking €239,000 sits €19,803 (7.7%) below — the upside to fair value.
Asking €239,000 versus the rua Lage de Cima, 586 area baseline of €280,319 (€1,947/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €280,319, adjusted for condition and micro-location, gives a modelled fair value of €258,803 (€1,797/m²), a €19,803 (7.7%) gap versus the €239,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Lage de Cima, 586 | Subject | €239,000 | €1,660 | — | 45 | 68 |
| rua da Lage, 586 | Active | €219,000 | €1,521 | 8.4% | — | 66 |
| Vila Chã · 023d1f | Active | €289,000 | €2,064 | 24.4% | 72 | 67 |
| acesso Particular, 336 | Active | €349,000 | €1,711 | 3.1% | — | 75 |
| Vila Chã · 090278 | Active | €495,000 | €1,768 | 6.5% | 70 | 65 |
| Median comp | €319,000 | €1,740 | 4.8% | 71 | 67 |
Long-term rental The property in Modivas presents a gross yield of 5.7%, making it an attractive option for long-term rental investment given its fair value relative to the listing price. However, its condition rating of 49/100 may require additional investment to maintain rental demand over time. Family rental The 2-bed house offers a reasonable option for family renters, especially given the 5.7% gross yield that ensures a solid return. The average neighborhood score of 68/100 suggests decent amenities, although its location outside Porto city limits may influence tenant quality and school access. Buy-and-hold For a buy-and-hold strategy, this property stands at a fair value of €258,803, signaling moderate appreciation potential over time. Although the current yield of 5.7% is favorable, investors should be mindful of the property's condition and the neighborhood's relative amenities when considering long-term value.
Potential Occupancy Challenges The economic stability score of 70 and tenant stability score of 65 may indicate potential challenges in maintaining consistent occupancy rates, which could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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