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, 0-bathroom country_house of 77 m², built in 1960. Located Gove parish, Baião municipality, Porto district. Unique Features: This property includes approved authorization for tourism development, offering significant potential for constructing bungalows or holiday homes on its expansive 1-hectare plot.
The valuation. The asking price of €336,000 is significantly above the fair value of €88,846, representing an excessive 278.2% markup. This valuation suggests the property is overpriced, making it a challenging investment opportunity.
Fair value modelled at €88,846 from 5 comparable sales in the area. Asking €336,000 sits €247,154 (278.2%) above — overpriced versus fair value.
Asking €336,000 versus the Gove, Baião, Porto area baseline of €85,121 (€1,105/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 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 €85,121, adjusted for condition and micro-location, gives a modelled fair value of €88,846 (€1,154/m²), a €247,154 (278.2%) gap versus the €336,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Gove · a8edc7 | Subject | €336,000 | €4,364 | — | 54 | 59 |
| rua dos Outeirinhos, 33 | Active | €339,900 | €1,156 | 73.5% | — | 64 |
| Gove · ba56f0 | Active | €120,000 | €1,154 | 73.6% | — | 63 |
| Gove · 1f367a | Active | €310,000 | €1,550 | 64.5% | 70 | 58 |
| Gove · dc146f | Active | €120,000 | €1,154 | 73.6% | — | 53 |
| Median comp | €215,000 | €1,155 | 73.5% | 70 | 61 |
Long-term rental The property’s gross yield of 1.6% indicates that it may not generate sufficient rental income compared to its listing price of €336,000. Furthermore, the condition rating of 53/100 suggests potential higher maintenance costs, further diminishing the financial viability of this investment strategy. Buy-and-hold At a listing price of €336,000, the gap of 278.2% compared to its fair value of €88,846 indicates that holding onto this property may not yield desired returns over the long term. Additionally, the rural characteristics of Gove may limit overall appreciation potential in a market increasingly favoring urban centers. Value-add renovation Investing in renovations for this property would require significant capital beyond the inflated listing price of €336,000, given its fair market value stands at just €88,846. The current condition score of 53/100 further complicates the potential for profitable enhancements, making this strategy risky given the property is overpriced.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk of economic downturns impacting the property's market value and rental income. Tenant Turnover Risk The tenant stability score of 60/100 suggests that tenants may not remain long-term, leading to potential vacancies and loss of 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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