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 apartment of 334 m², energy rating D. Located on praça Velásquez, Bonfim parish, Porto municipality, Porto district. Highlight: This apartment features an expansive 130 m² terrace and a private 42 m² garden, offering rare outdoor living space in the heart of Bonfim, Porto.
The valuation. The asking price of €595,000 sits significantly below the fair value of €835,000, representing a 28.7% discount. This property is clearly underpriced, making it an attractive investment opportunity in the current market. Buy-to-flip angle. With finishes like granite countertops and hardwood flooring, this apartment is primed for resale at a higher market price post-renovation, appealing to buyers seeking modern living spaces. Targeting a quick turnaround could capitalize on the burgeoning demand in the Bonfim neighborhood. Buy-to-let angle. While the current gross yield is 0% due to the property being vacant, long-term rentals in Bonfim could yield substantial returns, especially given the area's mixed neighborhood rating of 75/100. A strategic family rental approach can leverage the apartment's size and condition to attract quality tenants.
Fair value modelled at €835,000 from 5 comparable sales in the area. Asking €595,000 sits €240,000 (28.7%) below — the upside to fair value.
Asking €595,000 versus the praça Velásquez area baseline of €608,147 (€1,821/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €608,147, adjusted for condition and micro-location, gives a modelled fair value of €835,000 (€2,500/m²), a €240,000 (28.7%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Velásquez | Subject | €595,000 | €1,781 | — | 80 | 75 |
| praça Rainha D. Amélia | Active | €295,000 | €2,500 | 40.3% | 76 | 83 |
| rua de António Cândido, 314 | Active | €449,000 | €2,641 | 48.3% | 76 | 70 |
| Campanhã · 89e70a | Active | €390,000 | €1,336 | 25.0% | 70 | 73 |
| rua da Azenha | Active | €299,498 | €2,852 | 60.1% | 77 | 83 |
| Median comp | €344,749 | €2,571 | 44.3% | 76 | 78 |
Long-term rental This property presents an opportunity for long-term rental as it is currently listed at €595,000, which is 28.7% below the estimated fair value of €835,000. With a solid condition rating of 83/100 and a favorable neighborhood score of 75/100, it has the potential to attract stable tenants over time. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield significant returns given its current underpriced listing of €595,000 compared to a fair value of €835,000. The property’s impressive condition and overall neighborhood quality suggest it will appreciate in value, providing a sound investment for the future. Family rental This apartment is well-suited for family rental, given its generous space of 334m² and current listing price of €595,000, which is substantially lower than the fair value of €835,000. The neighborhood's amenities and decent tenant quality further enhance its attractiveness for families seeking a comfortable long-term home.
Tenant turnover risk With both tenant stability and economic stability scores at 75/100, there is a potential risk of moderate tenant turnover impacting rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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