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 house of 179 m², built in 1937, energy rating E. Located Modivas parish, Vila do Conde municipality, Porto district. This property features two closed garages and an expansive 820m² lot, providing potential for additional development or landscaping options.
The valuation. The asking price of €275,000 sits below the fair value of €306,230, representing an opportunity of €31,230 (10.2%). Verdict: underpriced. Buy-to-flip angle. The strategy could involve updating the basic and dated materials to modern standards, targeting a profitable resale in the active Modivas market. Buy-to-let angle. With an estimated gross yield of 5.5%, renting the property at approximately €1,260/month provides a reliable long-term income strategy for investors in the suburban area near Porto.
Fair value modelled at €306,230 from 5 comparable sales in the area. Asking €275,000 sits €31,230 (10.2%) below — the upside to fair value.
Asking €275,000 versus the Modivas, Vila do Conde, Porto area baseline of €337,351 (€1,885/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 31/100 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 €337,351, adjusted for condition and micro-location, gives a modelled fair value of €306,230 (€1,711/m²), a €31,230 (10.2%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Modivas · 15e267 | Subject | €275,000 | €1,536 | — | 28 | 74 |
| rua Lage de Cima, 586 | Active | €239,000 | €1,660 | 8.0% | 45 | 68 |
| Mindelo · f5ec11 | Active | €205,000 | €2,010 | 30.8% | 54 | 72 |
| rua da Lage, 586 | Active | €219,000 | €1,521 | 1.0% | — | 66 |
| acesso Particular, 336 | Active | €349,000 | €1,711 | 11.4% | — | 75 |
| Median comp | €229,000 | €1,686 | 9.7% | 50 | 70 |
Long-term rental This property presents a solid long-term rental opportunity with a gross yield of 5.5%, which is attractive given the market conditions in Modivas near Porto. Additionally, the neighbourhood's quality rating of 74/100 indicates a desirable location for tenants seeking stability and amenities. Family rental The 3-bed configuration and suburban characteristics make this property an ideal choice for families looking to settle in a well-ranked neighbourhood. At a fair value of €306,230, the price of €275,000 positions it as a compelling option for family rentals in the area. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield substantial returns, especially given the 10.2% gap to fair value, suggesting potential appreciation in the future. The current condition score of 31/100 provides a manageable renovation opportunity to enhance property value over time.
Tenant turnover risk The tenant stability score of 75/100 indicates there may be a moderate risk of turnover, potentially leading to increased vacancy periods 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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