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 106 m² on the 9th floor, built in 1992, energy rating C. Located on praceta Palmeira, 162, Mafamude e Vilar do Paraíso parish, Vila Nova de Gaia municipality, Porto district. This apartment boasts a spacious balcony providing stunning sea views, and includes a fully equipped kitchen alongside a separate laundry room, enhancing both comfort and convenience.
The valuation. The asking price of €269,000 is significantly above the fair value of €233,234, representing an overpricing of €35,766 (15.3%). This property’s valuation suggests a cautionary approach for potential investors.
Fair value modelled at €233,234 from 6 comparable sales in the area. Asking €269,000 sits €35,766 (15.3%) above — overpriced versus fair value.
Asking €269,000 versus the praceta Palmeira, 162 area baseline of €228,840 (€2,159/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 is below the parish average, reducing 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 €228,840, adjusted for condition and micro-location, gives a modelled fair value of €233,234 (€2,200/m²), a €35,766 (15.3%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Palmeira, 162 | Subject | €269,000 | €2,538 | — | 66 | 74 |
| Pedroso e Seixezelo · cfe288 | Active | €267,000 | €2,263 | 10.8% | 68 | 73 |
| Mafamude e Vilar do Paraíso · 4b9846 | Active | €249,000 | €2,327 | 8.3% | 72 | 61 |
| rua Estado da India | Active | €310,000 | €2,138 | 15.8% | 73 | 70 |
| Mafamude e Vilar do Paraíso · 00172e | Active | €264,900 | €2,136 | 15.8% | 70 | 74 |
| Median comp | €265,950 | €2,201 | 13.3% | 71 | 72 |
Long-term rental This property is overpriced by 15.3%, with a fair value of €233,234, which may hinder potential returns for long-term rental investors. Additionally, the gross yield of 3.9% falls below the expected average for the area, suggesting limited profitability in this strategy. Family rental Given its 68/100 condition and 74/100 neighborhood rating, this property may not attract families looking for quality living, exacerbated by its overpriced listing. The current asking price of €269,000 does not align with the fair value of €233,234, indicating a potential mismatch with family housing expectations. Student housing The price of €269,000 reflects a 15.3% gap against its fair value, which could deter cost-sensitive student renters in the area. With the property’s yield at just 3.9% and its condition rated at 68/100, it may struggle to compete for student accommodation effectively given its current asking price.
Economic Vulnerability Despite a solid Economic stability score of 75/100, fluctuations in the local economy could pose risks to long-term investment returns.
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