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 75 m², built in 1970, energy rating D. Located on rua Tânger, 240, Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Features: This property boasts a unique patio and garden with fruit trees and a vegetable patch, promoting outdoor relaxation and potential for sustainable living.
The valuation. The asking price of €289,000 is significantly above the fair value of €236,122, indicating an overpriced property by €52,878 (22.4%). Buy-to-flip angle. Given the high asking price, a resale/wholesale strategy may not yield substantial profit upon renovation. Buy-to-let angle. With a gross yield of 3.7%, the estimated rental income of €891/month offers a modest return for long-term rental in this suburban area.
Fair value modelled at €236,122 from 6 comparable sales in the area. Asking €289,000 sits €52,878 (22.4%) above — overpriced versus fair value.
Asking €289,000 versus the rua Tânger, 240 area baseline of €219,407 (€2,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €219,407, adjusted for condition and micro-location, gives a modelled fair value of €236,122 (€3,148/m²), a €52,878 (22.4%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Tânger, 240 | Subject | €289,000 | €3,853 | — | 70 | 69 |
| rua Doutor José Luís de Araújo | Active | €340,000 | €2,482 | 35.6% | 72 | 70 |
| rua Doutor Cancelas | Active | €345,000 | €2,413 | 37.4% | 67 | 68 |
| estrada Nova | Active | €405,000 | €3,522 | 8.6% | 75 | 72 |
| praça da Corujeira | Active | €315,000 | €4,500 | 16.8% | 75 | 80 |
| Median comp | €342,500 | €3,002 | 22.1% | 74 | 71 |
Long-term rental This property is currently overpriced by 22.4% compared to its fair value, leading to a lower yield of 3.7% gross, which diminishes its attractiveness for long-term rental investments. Additionally, its condition rating of 73/100 suggests that significant maintenance might be necessary, further impacting profitability. Family rental With the property being priced above its fair value, the current gross yield of 3.7% does not offer an appealing return for family rental situations. The suburban location near Porto is favorable; however, the 69/100 neighborhood rating indicates that this might not attract the ideal tenant profile sought by family rental investors. Buy-and-hold The buy-and-hold strategy is compromised by the property’s overpricing, leaving the investor exposed to a 22.4% gap versus fair value that could hinder growth potential. While it is located in a generally safe suburban area with low crime rates, ongoing costs for maintenance and lower yield could limit long-term capital appreciation.
Economic Downturn Risk The property may face lower demand and increased vacancies due to the economic stability score of 70/100 being below the optimal threshold for sustainable rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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