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 apartment of 120 m² on the 3rd floor, built in 2006, energy rating C. Located on avenida Doutor Francisco Sá Carneiro, 29, Alfena parish, Valongo municipality, Porto district. Noteworthy Features: This apartment uniquely offers a private balcony in the suite, enhancing the living experience with additional outdoor space. Condition Notes: Well-maintained interior complements recent construction quality.
The valuation. The asking price of €299,000 is significantly above the fair value of €254,652, resulting in an overpricing of €44,348 (17.4%). This valuation indicates that potential buyers should proceed with caution.
Fair value modelled at €254,652 from 6 comparable sales in the area. Asking €299,000 sits €44,348 (17.4%) above — overpriced versus fair value.
Asking €299,000 versus the avenida Doutor Francisco Sá Carneiro, 29 area baseline of €215,107 (€1,793/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €215,107, adjusted for condition and micro-location, gives a modelled fair value of €254,652 (€2,122/m²), a €44,348 (17.4%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Francisco Sá Carneiro, 29 | Subject | €299,000 | €2,492 | — | 74 | 70 |
| rua Cidade de Trelazé | Active | €275,000 | €2,331 | 6.5% | 75 | 71 |
| rua da Queimada | Active | €290,000 | €2,000 | 19.7% | 72 | 79 |
| Ermesinde · 937627 | Active | €295,000 | €2,398 | 3.7% | 75 | 73 |
| rua Central do Barreiro | Active | €310,000 | €1,962 | 21.3% | 72 | 74 |
| Median comp | €292,500 | €2,166 | 13.1% | 74 | 74 |
Long-term rental This 2-bed apartment in Alfena, Valongo, reflects a significant gap of 17.4% above its fair value, indicating it's overpriced relative to market expectations. With a gross yield of only 3.2%, the investment's return doesn't justify the financial commitment necessary for long-term holding. Buy-and-hold Investing in this property as a buy-and-hold strategy may not be advisable due to its overvaluation at €299,000 against a fair value of €254,652. The limited yield of 3.2% coupled with the current market dynamics suggests weak capital growth potential in this suburb of Porto, making it a less attractive option for long-term gains. Family rental While the property does offer adequate size and neighborhood amenities for family living, the overpricing at €299,000 detracts from its investment appeal in the family rental market. The current yield of 3.2% suggests that this property may not deliver the financial returns expected by families seeking rental opportunities, making it less favorable for investment. Not ideal for: This apartment is not suitable for short-term vacation rental due to its overpriced status and limited yield potential. Additionally, it fails to meet the criteria for the luxury market and student housing given the neighborhood's performance and overall condition score.
Tenant turnover risk The tenant stability score of 60/100 suggests a higher likelihood of tenant turnover, which could lead to increased vacancy periods and associated costs.
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