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, 1-bathroom house of 196 m², energy rating F. Located Balazar parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: The property boasts a closed garage and excellent sun exposure, complemented by serene views of a nearby garden and pine forest, enhancing its tranquil appeal.
The valuation. The asking price of €369,000 is €174,510 (89.7%) above the fair value of €194,490, indicating that the property is overpriced. This premium significantly limits its attractiveness to potential buyers.
Fair value modelled at €194,490 from 6 comparable sales in the area. Asking €369,000 sits €174,510 (89.7%) above — overpriced versus fair value.
Asking €369,000 versus the Balazar, Póvoa de Varzim, Porto area baseline of €291,497 (€1,487/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 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 €291,497, adjusted for condition and micro-location, gives a modelled fair value of €194,490 (€992/m²), a €174,510 (89.7%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Balazar · ade69c | Subject | €369,000 | €1,883 | — | 30 | 67 |
| rua Joana Maria de Jesus, 45 | Active | €330,000 | €1,162 | 38.3% | — | 66 |
| rua da Fonte, 87 | Active | €239,800 | €683 | 63.7% | 42 | 59 |
| Retorta e Tougues · cfdf47 | Active | €219,000 | €750 | 60.2% | 25 | 69 |
| rua de Aurélio Vieira, 222 | Active | €220,000 | €1,560 | 17.1% | 40 | 74 |
| Median comp | €229,900 | €956 | 49.2% | 40 | 68 |
Long-term rental The property is overpriced at €369,000, significantly exceeding its fair value of €194,490, reflecting a gap of 89.7%. With a gross yield of only 2.5% and a condition score of 35/100, this investment fails to provide the expected returns for a long-term rental strategy. Family rental At a current listing price of €369,000, the property does not present a favorable opportunity for a family rental as it is overpriced in relation to its fair value of €194,490. The condition score of 35/100 further weakens its attractiveness for families seeking comfortable living environments. Buy-and-hold The buy-and-hold strategy is less favorable for this property priced at €369,000, which is substantially above its fair value of €194,490, yielding a considerable gap of 89.7%. Given the low gross yield of 2.5% and the property's condition, the potential for long-term appreciation appears limited. Not ideal for This property is not suitable for short-term vacation rentals, as its condition and high price do not support the premium typically associated with such listings. Additionally, the luxury market and student housing options are also not viable given the current valuation and tenant quality considerations.
Tenant default risk The tenant stability score of 58/100 indicates a higher likelihood of tenant turnover or default, which could compromise 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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