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 penthouse of 140 m², built in 2016, energy rating C. Located on avenida da República, 823, Matosinhos e Leça da Palmeira parish, Matosinhos municipality, Porto district. This penthouse features a spacious 35 m² private terrace, perfect for outdoor gatherings, while its box garage adds convenience in this desirable urban location.
The valuation. The asking price of €697,500 sits €150,767 (17.8%) below its fair value of €848,267, indicating that the property is underpriced relative to market conditions.
Fair value modelled at €848,267 from 6 comparable sales in the area. Asking €697,500 sits €150,767 (17.8%) below — the upside to fair value.
Asking €697,500 versus the avenida da República, 823 area baseline of €728,493 (€5,204/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €728,493, adjusted for condition and micro-location, gives a modelled fair value of €848,267 (€6,059/m²), a €150,767 (17.8%) gap versus the €697,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida da República, 823 | Subject | €697,500 | €4,982 | — | 80 | 73 |
| avenida Comendador Ferreira de Matos, 897 | Active | €699,000 | €4,660 | 6.5% | 78 | 72 |
| rua Roberto Ivens | Active | €1,100,000 | €7,285 | 46.2% | 74 | 73 |
| rua Sousa Aroso | Active | €890,000 | €4,472 | 10.2% | 80 | 74 |
| avenida do Brasil, 538 | Active | €950,000 | €8,120 | 63.0% | 88 | 74 |
| Median comp | €920,000 | €5,973 | 19.9% | 79 | 74 |
Long-term rental The property’s attractive price point, at €697,500, creates an opportunity for long-term rental strategies, particularly due to its proximity to Porto’s vibrant job market. With a gross yield of 3% and a conducive school infrastructure in suburban areas, this penthouse presents an appealing investment for families seeking stability. Family rental This penthouse, with its ample space of 140m², is ideally suited for family rentals, especially given the strong school infrastructure in the surrounding suburban area. The property’s high condition rating of 84/100 further indicates its readiness for long-term tenant occupancy, making it a beneficial choice for family-oriented tenants. Buy-and-hold Investing in this 3-bed penthouse for a buy-and-hold strategy aligns well with its fair value assessment of €848,267, underscoring its potential for long-term appreciation in value. This approach is particularly advantageous given the local demand for quality housing in the region, further supported by the property’s robust condition and neighborhood amenities.
Economic Vulnerability The property faces potential financial instability due to its economic stability score of 70, suggesting moderate risk in market fluctuations that could affect 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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