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, 1-bathroom apartment of 125 m² on the 1st floor, energy rating F. Located on rua Carmo, 124, Penafiel parish, Penafiel municipality, Porto district. Noteworthy Features: This apartment features a unique combination of natural stone and modern finishes, highlighting its charm while providing contemporary comforts in a fully furnished package.
The valuation. The asking price of €325,000 sits €33,200 (11.4%) above the fair value of €291,800, indicating that the property is overpriced. This discrepancy must be considered when evaluating financial viability.
Fair value modelled at €291,800 from 6 comparable sales in the area. Asking €325,000 sits €33,200 (11.4%) above — overpriced versus fair value.
Asking €325,000 versus the rua Carmo, 124 area baseline of €235,839 (€1,887/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €235,839, adjusted for condition and micro-location, gives a modelled fair value of €291,800 (€2,334/m²), a €33,200 (11.4%) gap versus the €325,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carmo, 124 | Subject | €325,000 | €2,600 | — | 75 | 61 |
| rua Fonte de Honor | Active | €187,000 | €2,527 | 2.8% | 64 | 57 |
| avenida Gaspar Baltar, 28 | Active | €280,000 | €2,240 | 13.8% | 70 | 65 |
| avenida Sacadura Cabral, 62 | Active | €300,000 | €2,308 | 11.2% | 75 | 59 |
| Penafiel · 622b18 | Active | €230,000 | €2,447 | 5.9% | 65 | 54 |
| Median comp | €255,000 | €2,378 | 8.6% | 68 | 58 |
Long-term rental The property's yield of 3% gross suggests that it may not provide optimal returns relative to other investment opportunities in the area. With a fair value gap of 11.4%, this property is overpriced, which could hinder long-term rental profitability. Family rental The property’s suburban setting near Porto may attract families; however, with a neighbourhood score of 61/100, there may be better options for family rentals. Given the current pricing, this property is overpriced and may limit its appeal to potential tenants seeking value and quality. Buy-and-hold Although the property has a reasonable condition rating of 78/100, its current asking price indicates a lack of value appreciation potential when held long-term. Overall, the 11.4% gap from fair value reinforces that the property is overpriced, complicating buy-and-hold strategies in a competitive market.
Tenant turnover risk The tenant stability score of 60/100 suggests a higher likelihood of turnover, potentially leading to increased vacancy periods and costs due to unstable 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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