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, 1-bathroom apartment of 62 m² on the 3rd floor, built in 1988, energy rating D. Located on rua Doctor Melo Leote, 276, Ramalde parish, Porto municipality, Porto district. Noteworthy Features: The top floor location provides ample natural light and a versatile adjacent space ideal for an office or reading area, adding significant functional value to the layout.
The valuation. The asking price of €250,000 is significantly above the fair value of €208,290, resulting in a price premium of €41,710 (20.0%). This property is considered overpriced in the current market conditions.
Fair value modelled at €208,290 from 6 comparable sales in the area. Asking €250,000 sits €41,710 (20.0%) above — overpriced versus fair value.
Asking €250,000 versus the rua Doctor Melo Leote, 276 area baseline of €187,277 (€3,021/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €187,277, adjusted for condition and micro-location, gives a modelled fair value of €208,290 (€3,360/m²), a €41,710 (20.0%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doctor Melo Leote, 276 | Subject | €250,000 | €4,032 | — | 65 | 70 |
| rua Maria Amélia Rey Colaço S / N | Active | €290,000 | €3,452 | 14.4% | 70 | 73 |
| Paranhos · 91129e | Active | €264,000 | €2,722 | 32.5% | 65 | 71 |
| São Mamede de Infesta e Senhora da Hora · be9255 | Active | €215,000 | €2,867 | 28.9% | — | 66 |
| rua da Constituição | Active | €350,000 | €4,023 | 0.2% | — | 74 |
| Median comp | €277,000 | €3,160 | 21.6% | 68 | 72 |
Long-term rental This 2-bed apartment in Ramalde is overpriced, listed at €250,000 while the fair value is only €208,290, reflecting a gap of 20.0%. The gross yield of 4.7% does not justify the current price, making it less attractive for long-term tenants in this suburban location. Buy-and-hold The current asking price of €250,000 exceeds fair value by 20.0%, suggesting that this investment may take longer to appreciate than desired. Given the apartment’s condition rating of 66/100, the potential for future capital gains is limited, posing a risk for buy-and-hold investors. Family rental Priced at €250,000, this apartment is above fair market value by 20.0%, potentially deterring families from considering it as a rental option. The neighborhood's rating of 70/100 indicates adequate amenities and schooling, but the high price could hinder demand from family-oriented tenants.
[Economic Vulnerability] With an economic stability score of 70/100 and a tenant stability score of 65/100, there is a moderate risk of fluctuations in rental income due to potential local economic downturns affecting tenant retention and demand.
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