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 114 m² on the 4th floor, built in 1991, energy rating D. Located on rua Flávio Gonçalves, 229, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: This apartment includes a balcony that offers scenic views and is located just minutes from the metro station, enhancing its accessibility and appeal to commuters.
The valuation. The asking price of €268,000 is marginally above fair value at €250,241, representing a difference of €17,759 (7.1%). This valuation indicates that the property is fairly valued in the current market.
Fair value modelled at €250,241 from 6 comparable sales in the area. Asking €268,000 sits €17,759 (7.1%) above — overpriced versus fair value.
Asking €268,000 versus the rua Flávio Gonçalves, 229 area baseline of €191,086 (€1,676/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €191,086, adjusted for condition and micro-location, gives a modelled fair value of €250,241 (€2,195/m²), a €17,759 (7.1%) gap versus the €268,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Flávio Gonçalves, 229 | Subject | €268,000 | €2,351 | — | 72 | 62 |
| Vila do Conde · 3df46a | Active | €354,000 | €2,133 | 9.3% | 70 | 56 |
| avenida Vasco da Gama | Active | €277,000 | €2,947 | 25.3% | 75 | 63 |
| Aver-o-Mar, Amorim e Terroso · 4a4320 | Active | €267,000 | €1,841 | 21.7% | 70 | 70 |
| Vila do Conde · 19f3ee | Active | €354,000 | €2,133 | 9.3% | 72 | 62 |
| Median comp | €315,500 | €2,133 | 9.3% | 71 | 63 |
Long-term rental The property offers a gross yield of 3.9%, which is acceptable for a long-term rental investment in a suburban setting with decent employment opportunities. With a fair value of €250,241 compared to the listing price of €268,000, the investment reflects stability rather than potential extraordinary returns. Family rental This property is well-suited for family rentals, given its size and location in a suburban neighborhood with access to amenities and schools. Although the apartment is priced at €268,000, slightly above the fair value of €250,241, it can cater to families seeking a stable living environment. Buy-and-hold With the proximity to Porto, this property can serve as a reliable buy-and-hold investment, benefiting from the area's gradual appreciation over time. However, at a listing price of €268,000, just beyond the fair value estimate of €250,241, investors should anticipate modest returns in line with market demands rather than remarkable growth.
Economic Sensitivity With an economic stability score of 65/100, the property may face increased vulnerability to market fluctuations that could impact rental income. Tenant Turnover Risk The tenant stability score of 68/100 indicates a moderate risk of higher turnover rates, potentially affecting cash flow and occupancy levels.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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