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 99 m², energy rating D. Located Ermesinde parish, Valongo municipality, Porto district. Location: This property boasts proximity to major transport links, enabling swift access to Porto and surrounding metropolitan areas, making it a prime choice for commuters.
The valuation. The asking price of €249,000 is significantly above fair value, which is calculated at €196,617. This indicates that the property is overpriced by €52,383, or 26.6%. Buy-to-flip angle. A buy-to-flip strategy would require renovation to elevate property condition, enhancing its market appeal for a quick resale at a higher price point. Buy-to-let angle. A rental income strategy estimates a gross yield of 3.9%, with potential monthly earnings of approximately €809, making it viable for long-term rental in a mixed neighbourhood.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · 3d9634 | Subject | €249,000 | €2,515 | — | — | 67 |
| rua Bento de Jesus Caraça | Active | €195,000 | €1,950 | 22.5% | — | 72 |
| estrada Nova | Active | €275,000 | €2,022 | 19.6% | 70 | 69 |
| Ermesinde · e40b16 | Active | €147,000 | €1,729 | 31.2% | 65 | 73 |
| rua Calouste Gulbenkian, 174 | Active | €180,000 | €1,475 | 41.3% | — | 73 |
| Median comp | €187,500 | €1,840 | 26.9% | 68 | 73 |
Long-term rental The 2-bed apartment in Ermesinde is currently overpriced at €249,000, representing a 26.6% gap to its fair value of €196,617. At a gross yield of 3.9%, the investment potential is limited, particularly given the property’s poor condition rating of 0/100. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to its 26.6% overvaluation relative to fair market price. The suburban location may offer stability, but the current purchase price does not align with long-term value appreciation prospects. Family rental While the Ermesinde apartment is positioned in a neighborhood favorable for families, its significant overpricing at 26.6% above fair value raises concerns about profitability. Additionally, the property’s low condition score could deter potential tenants, impacting rental income stability.
Tenant turnover risk The combination of a tenant stability score of 70/100 suggests a potential for moderate turnover, which may impact consistent cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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