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 119 m² on the 1st floor, built in 1988, energy rating D. Located on estrada Nova, Rio Tinto parish, Gondomar municipality, Porto district. Unique feature: The property benefits from dual-front exposure, providing ample natural light throughout the day while situated in a predominantly residential area near Corim Church.
The valuation. The asking price of €274,500 sits €19,000 (7.4%) above the fair value of €255,500, indicating the property is priced at a fair value. Buy-to-flip angle. With minor renovations focused on kitchen and bathroom upgrades, this property could yield a quick resale profit, appealing to families seeking modern amenities. Buy-to-let angle. Estimated rental income of €915/month offers a gross yield of 4%, making it a viable option for long-term rentals in this suburban area near Porto.
Fair value modelled at €255,500 from 5 comparable sales in the area. Asking €274,500 sits €19,000 (7.4%) above — overpriced versus fair value.
Asking €274,500 versus the estrada Nova area baseline of €262,468 (€2,206/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €262,468, adjusted for condition and micro-location, gives a modelled fair value of €255,500 (€2,147/m²), a €19,000 (7.4%) gap versus the €274,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada Nova | Subject | €274,500 | €2,307 | — | 60 | 63 |
| travessa do Veloso | Active | €425,000 | €2,833 | 22.8% | — | 70 |
| Fânzeres e São Pedro da Cova · e40ad1 | Active | €149,000 | €1,252 | 45.7% | 60 | 72 |
| rua São Francisco Xavier | Active | €285,000 | €2,436 | 5.6% | 65 | 72 |
| rua Professor Duarte Leite, 24 | Active | €432,000 | €1,763 | 23.6% | 65 | 75 |
| Median comp | €355,000 | €2,100 | 9.0% | 65 | 72 |
Long-term rental This 3-bed apartment in Gondomar offers a gross yield of 4%, which is acceptable but does not significantly exceed the cost. Given its fair value and moderate conditions, it could attract stable tenants looking for long-term housing. Buy-and-hold Holding this property may result in incremental appreciation over time due to its proximity to Porto, though the fair value suggests limited upside potential. The current condition rating indicates that future capital expenditures may be necessary to enhance its value in a competitive suburban market. Family rental With a family-oriented layout and three bedrooms, this apartment may appeal to families seeking suburban living near Porto. However, the overall fair valuation combined with its moderate condition suggests limited room for rent increases in a competitive rental environment.
Tenant turnover risk With a tenant stability score of 50/100, there is a significant risk of high turnover rates, which can lead to increased vacancy periods and potential loss of rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
