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 71 m², built in 1967, energy rating F. Located on rua Gomes Freire, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: This property includes a charming terrace with direct Douro River views, enhancing its appeal for both relaxation and entertaining. Investment Potential: The active Local Accommodation license presents immediate income opportunities.
The valuation. The asking price of €349,900 is €43,713 (14.3%) above fair value at €306,188, indicating that the property is overpriced. Buy-to-flip angle. A resale strategy could focus on remodeling the property to enhance appeal, capitalizing on the high-quality finishes to attract buyers willing to pay a premium. Buy-to-let angle. With a gross yield of 3.5%, targeting long-term rentals at approximately €1,021 per month could provide consistent cash flow while benefiting from potential property appreciation.
Fair value modelled at €306,188 from 6 comparable sales in the area. Asking €349,900 sits €43,713 (14.3%) above — overpriced versus fair value.
Asking €349,900 versus the rua Gomes Freire area baseline of €290,587 (€4,093/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 €290,587, adjusted for condition and micro-location, gives a modelled fair value of €306,188 (€4,313/m²), a €43,713 (14.3%) gap versus the €349,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gomes Freire | Subject | €349,900 | €4,928 | — | 77 | 70 |
| Gondomar (São Cosme), Valbom e Jovim · 652ffb | Active | €325,000 | €3,611 | 26.7% | 75 | 74 |
| Gondomar (São Cosme), Valbom e Jovim · 4a7dd3 | Active | €325,000 | €6,132 | 24.4% | 66 | 67 |
| Santa Marinha e São Pedro da Afurada · 4390b6 | Active | €330,000 | €4,125 | 16.3% | 75 | 77 |
| rua Alexandre Herculano, 168 | Active | €199,000 | €2,726 | 44.7% | 72 | 71 |
| Median comp | €325,000 | €3,868 | 21.5% | 74 | 73 |
Long-term rental This property presents a gross yield of only 3.5%, which is not attractive given its listing price of €349,900, exceeding the fair value by 14.3%. The long-term rental market in Bonfim may struggle to provide sufficient returns to justify this investment due to the property being overpriced. Value-add renovation The current condition rating of 76/100 suggests that while some improvements could enhance appeal, the €349,900 price tag remains too high to provide adequate return on investment. Any potential renovation costs need to be carefully considered against the already overpriced position of the property. Buy-and-hold Holding this property in the Bonfim area might seem feasible, but the significant gap between the listing price and fair value indicates a lack of space for appreciation. The property’s overall market conditions highlight its overpriced status, which could hinder long-term capital growth. Not ideal for The luxury market and student housing sectors are not suitable for this property due to its overpriced valuation and lower yield potential. Additionally, short-term vacation rentals may also be unviable given the property's current market standing.
Tenant turnover risk The tenant stability score of 65/100 indicates a higher likelihood of tenant turnover, which may impact consistent 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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