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 house of 190 m², built in 1951. Located on rua da Estrada Velha, Custóias, Leça do Balio e Guifões parish, Matosinhos municipality, Porto district. Noteworthy Features: The property includes a significant yard space that can be utilized for outdoor amenities, and there is an ongoing architecture project which offers advanced renovation options.
The valuation. The asking price of €215,000 is significantly below its fair value of €304,427, which translates to an underpricing of €89,427 (29.4%). This indicates a strong investment opportunity in a market showing potential for appreciation.
Fair value modelled at €304,427 from 6 comparable sales in the area. Asking €215,000 sits €89,427 (29.4%) below — the upside to fair value.
Asking €215,000 versus the rua da Estrada Velha area baseline of €607,047 (€3,195/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €607,047, adjusted for condition and micro-location, gives a modelled fair value of €304,427 (€1,602/m²), a €89,427 (29.4%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Estrada Velha | Subject | €215,000 | €1,132 | — | 15 | 68 |
| rua Igreja Velha, 40 | Active | €315,000 | €1,712 | 51.3% | — | 75 |
| São Mamede de Infesta e Senhora da Hora · 1e6646 | Active | €315,000 | €1,750 | 54.7% | — | 78 |
| São Mamede de Infesta e Senhora da Hora · b7c2e2 | Active | €315,000 | €1,721 | 52.1% | 12 | 67 |
| travessa Gondivinho, 1 | Active | €160,000 | €1,429 | 26.2% | 19 | 68 |
| Median comp | €315,000 | €1,717 | 51.7% | 16 | 72 |
Long-term rental The property in Custóias presents an excellent opportunity for long-term rental investment, as it is subpriced at 29.4% below fair value and offers a robust gross yield of 7.7%. Given its suburban location near Porto and decent public transit access, it is likely to attract reliable tenants seeking affordable housing. Family rental This 3-bedroom house is well-suited for family rental, capitalizing on its advantageous pricing, which is approximately €89,427 below fair value. The neighborhood’s 68/100 rating and access to essential amenities make it appealing for families looking for a stable home environment. Buy-and-hold Investing in this property as a buy-and-hold strategy is advantageous due to its significant undervaluation relative to the fair market value, presenting potential for appreciation over time. With a gross yield of 7.7% and a generally favorable condition rating, it offers a solid foundation for growth in a suburban area with good connectivity to Porto. Short-term vacation rental This property is not ideally suited for short-term vacation rentals, as its condition rating of 20/100 suggests substantial renovation needs that could deter transient guests. The suburban setting away from major tourist attractions further diminishes its appeal for this type of rental. Luxury market Positioning this house within the luxury market is ill-advised due to its performance metrics; it is significantly subpriced rather than a premium offering. The 20/100 condition score indicates that substantial improvements would be necessary to meet luxury standards, making it a less appealing option for affluent buyers.
Tenant turnover risk With a tenant stability score of 65/100, there may be a higher likelihood of tenant turnover, potentially leading 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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