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.
4-bedroom, 2-bathroom house of 260 m², built in 1995, energy rating C. Located on rua de Bruxelas, 15, Mindelo parish, Vila do Conde municipality, Porto district. Noteworthy Features: This semi-detached house includes a sunroom in one bedroom with sea views and a spacious upper lounge leading to a sun terrace offering 180-degree panoramic ocean vistas.
The valuation. The asking price of €449,000 is below the fair value of €533,124, indicating an undervaluation of €84,124 (15.8%). This presents a promising opportunity for potential investors. Buy-to-flip angle. With some cosmetic updates needed, this property can be refurbished and resold at a profit to capitalize on its location and appeal. A strategic renovation could yield a significant return on investment. Buy-to-let angle. Estimated rental income of approximately €1,646 per month translates to a gross yield of 4.4%, making it a sound choice for long-term rental in the suburban area, appealing to families.
Fair value modelled at €533,124 from 6 comparable sales in the area. Asking €449,000 sits €84,124 (15.8%) below — the upside to fair value.
Asking €449,000 versus the rua de Bruxelas, 15 area baseline of €441,883 (€1,700/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 €441,883, adjusted for condition and micro-location, gives a modelled fair value of €533,124 (€2,050/m²), a €84,124 (15.8%) gap versus the €449,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Bruxelas, 15 | Subject | €449,000 | €1,727 | — | 72 | 68 |
| rua de Roma | Active | €549,900 | €2,037 | 17.9% | 76 | 73 |
| Vila Chã · 023d1f | Active | €289,000 | €2,064 | 19.5% | 72 | 67 |
| autoestrada EM531, 321 | Active | €499,950 | €1,044 | 39.6% | 68 | 71 |
| Mindelo · 6c7b46 | Active | €590,000 | €1,686 | 2.4% | 75 | 65 |
| Median comp | €524,925 | €1,862 | 7.8% | 74 | 69 |
Family rental The 4-bed house in Mindelo offers a significant opportunity for family rental, as it is priced at €449,000, which is 15.8% below its fair value of €533,124. With a gross yield of 4.4%, this property provides a solid option for families seeking quality space in a well-rated neighborhood. Long-term rental With its fair value pointing to a €533,124 target and being listed at €449,000, this property stands out as a beneficial long-term rental investment. The neighborhood rating of 68/100 suggests a promising tenant demographic, making it a sustainable choice for long-term rental income. Buy-and-hold Investing in this property as a buy-and-hold strategy presents a compelling case, given its 15.8% pricing gap below fair value. The combination of a decent gross yield of 4.4% and the suburban area's balance of living conditions enhance its potential for appreciation over time.
Tenant Turnover Risk With both economic stability and tenant stability scores at 65/100, there is a heightened risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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