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, 2-bathroom apartment of 118 m² on the 2nd floor, built in 2002, energy rating B. Located Boelhe parish, Penafiel municipality, Porto district. Noteworthy Features: The apartment features centralized pellet heating for efficient warmth and a closed individual storage room, enhancing both comfort and utility in daily living.
The valuation. The asking price of €165,000 sits €81,480 below the fair value of €246,480, indicating it is underpriced by 33.1%. This presents a compelling opportunity for potential buyers who recognize the inherent value. Buy-to-flip angle. A buy-to-flip strategy could focus on cosmetic upgrades to the kitchen and bathrooms, allowing for a quick resale at a higher price, likely appealing to families seeking a move-in ready home. Buy-to-let angle. The rental income strategy may target long-term tenants, leveraging the apartment's proximity to Porto to attract families, though the initial gross yield estimates at 0% suggest careful financial planning is necessary.
Fair value modelled at €246,480 from 6 comparable sales in the area. Asking €165,000 sits €81,480 (33.1%) below — the upside to fair value.
Asking €165,000 versus the Boelhe, Penafiel, Porto area baseline of €222,300 (€1,884/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €222,300, adjusted for condition and micro-location, gives a modelled fair value of €246,480 (€2,089/m²), a €81,480 (33.1%) gap versus the €165,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Boelhe · a79d9b | Subject | €165,000 | €1,398 | — | 70 | 58 |
| Rio de Moinhos · 389d33 | Active | €127,500 | €1,678 | 20.0% | 64 | 61 |
| Bem Viver · f5ec38 | Active | €245,000 | €2,784 | 99.1% | — | 56 |
| Rio de Moinhos · 4d4503 | Active | €219,990 | €1,642 | 17.4% | 72 | 65 |
| avenida Igreja | Active | €290,000 | €1,174 | 16.0% | 60 | 52 |
| Median comp | €232,495 | €1,660 | 18.7% | 64 | 59 |
Long-term rental This 3-bed apartment in Boelhe offers a significant gap of 33.1% below fair value, making it a strategic investment for long-term rental. The close proximity to Porto enhances its appeal, ensuring a steady demand for long-term tenants despite the current gross yield of 0%. Buy-and-hold Investing in this property provides an excellent opportunity for a buy-and-hold strategy, given its current subvaluation and potential for appreciation over time. With a fair value significantly higher than the listing price, the apartment is well-positioned to benefit from the economic growth of the surrounding area. Family rental This apartment is an appealing choice for family rentals with its ample space and suburban setting, which offers safety and basic amenities. Despite the property's current income yield being at 0%, its strategic location near Porto makes it attractive for families seeking long-term rental options in the area.
Moderate Economic Uncertainty The economic stability score of 55/100 indicates potential vulnerabilities that could impact future rental income and property valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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