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 130 m² on the 3rd floor, built in 1997. Located on rua João Penha, 18, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: This apartment features a cozy fireplace in the living room and exclusive antique French oak flooring that enhances its elegant aesthetics.
The valuation. The asking price of €450,000 is significantly above the fair value of €386,705, representing an overpricing of €63,295 (16.4%). This discrepancy suggests the property may not be an attractive investment opportunity.
Fair value modelled at €386,705 from 6 comparable sales in the area. Asking €450,000 sits €63,295 (16.4%) above — overpriced versus fair value.
Asking €450,000 versus the rua João Penha, 18 area baseline of €325,736 (€2,506/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €325,736, adjusted for condition and micro-location, gives a modelled fair value of €386,705 (€2,975/m²), a €63,295 (16.4%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Penha, 18 | Subject | €450,000 | €3,462 | — | 73 | 58 |
| Vila do Conde · 90d7f3 | Active | €369,000 | €2,795 | 19.2% | 74 | 73 |
| rua da Igreja | Active | €410,000 | €3,154 | 8.9% | 75 | 46 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 4680e1 | Active | €414,000 | €3,906 | 12.8% | 75 | 69 |
| praceta Rio do Esteiro, 26 | Active | €550,000 | €3,986 | 15.1% | 72 | 66 |
| Median comp | €412,000 | €3,530 | 2.0% | 75 | 68 |
Long-term rental The property offers a modest gross yield of 3%, which is below the expected return for suburban investments. Given the 16.4% gap between the listing price of €450,000 and the fair value of €386,705, the rental income may not justify the purchase price in the current market conditions. Family rental With a condition rating of 76/100, the apartment provides an acceptable living environment for families, but the neighborhood score of 58/100 indicates potential concerns regarding local desirability. The significant premium over fair value suggests that this property may not attract long-term family tenants looking for value. Not ideal for luxury market The apartment's overall condition and neighborhood characteristics do not support a luxury positioning, as evidenced by the low tenant quality expectations in the area. At a listing price of €450,000, the property fails to meet the criteria typically sought in the luxury segment. Not ideal for student housing Given the suburban context and average amenities, this property is unlikely to attract a student demographic that often seeks central locations and vibrant communal environments. The 16.4% price difference from fair value further diminishes its appeal for this market segment.
High Economic Risk The economic stability score of 40/100 indicates a significant risk of local market downturns affecting property value and rental income stability.
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