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 house of 93 m², built in 1950. Located Ermesinde parish, Valongo municipality, Porto district. This property features two separate homes on the same lot, offering immediate rental income from the leased T2 house while providing opportunities for future renovations and enhancement.
The valuation. The asking price of €110,000 is significantly below the fair value of €154,960, representing a discount of €44,960 (29.0%). This offers a solid opportunity for buyers looking for well-priced investments.
Fair value modelled at €154,960 from 6 comparable sales in the area. Asking €110,000 sits €44,960 (29.0%) below — the upside to fair value.
Asking €110,000 versus the Ermesinde, Valongo, Porto area baseline of €149,095 (€1,603/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €149,095, adjusted for condition and micro-location, gives a modelled fair value of €154,960 (€1,666/m²), a €44,960 (29.0%) gap versus the €110,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · 1440ce | Subject | €110,000 | €1,183 | — | 65 | 75 |
| Alfena · a79e69 | Active | €398,000 | €1,555 | 31.4% | — | 71 |
| Águas Santas · 1f34ff | Active | €284,500 | €2,004 | 69.4% | — | 73 |
| Milheiros · ade589 | Active | €473,841 | €1,795 | 51.7% | — | 72 |
| Alfena · 62292f | Active | €128,000 | €1,778 | 50.3% | 60 | 60 |
| Median comp | €341,250 | €1,787 | 51.0% | 60 | 72 |
Long-term rental This property presents a compelling long-term rental opportunity, with a gross yield of 11.8% that significantly exceeds average market rates. Given its location in Ermesinde, combined with a decent neighbourhood rating of 75/100, it is likely to attract stable tenants and generate consistent rental income. Family rental The spacious 3-bed layout is ideal for family rentals, accommodating the needs of larger households seeking housing in the Greater Porto area. With a fair value of €154,960 indicating a 29.0% gap from the list price, the potential for long-term appreciation further enhances its attractiveness for families looking for a stable residence. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield substantial returns over time due to its significant discount to fair value and strong gross yield. With a well-rated neighbourhood and solid condition score of 64/100, the house is positioned to appreciate while providing an immediate income stream. Not ideal for short-term vacation rental, student housing, luxury market This property does not align with the demands of the short-term vacation rental market, as its features and location are not conducive to attracting temporary guests. Additionally, it lacks the luxury appeal needed to warrant interest in high-end market segments.
Potential vacancy risk With both economic and tenant stability scores at 75/100, there is a moderate risk of tenant turnover leading to potential vacancy periods and reduced 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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