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 apartment of 92 m², built in 2016, energy rating C. Located on rua da Alegria, Bonfim parish, Porto municipality, Porto district. Noteworthy Features: The apartment features a distinctive traditional tiled facade that enhances its character, and the modernized kitchen and living area are designed for efficient daily living.
The valuation. The asking price of €350,000 sits €22,784 (7.0%) above fair value, which is €327,216. This positions the property as fairly valued in the current market.
Fair value modelled at €327,216 from 6 comparable sales in the area. Asking €350,000 sits €22,784 (7.0%) above — overpriced versus fair value.
Asking €350,000 versus the rua da Alegria area baseline of €314,409 (€3,417/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €314,409, adjusted for condition and micro-location, gives a modelled fair value of €327,216 (€3,557/m²), a €22,784 (7.0%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria | Subject | €350,000 | €3,804 | — | 70 | 80 |
| rua do Morgado de Mateus, 123 | Active | €340,000 | €4,096 | 7.7% | 75 | 78 |
| avenida de Fernão de Magalhães | Active | €345,000 | €3,557 | 6.5% | 72 | 71 |
| rua de Ramalho Ortigão, 130 | Active | €250,000 | €3,731 | 1.9% | 75 | 74 |
| avenida de Fernão de Magalhães | Active | €345,000 | €3,557 | 6.5% | 70 | 85 |
| Median comp | €342,500 | €3,644 | 4.2% | 74 | 76 |
Long-term rental The property presents a gross yield of 4.1%, which is in line with the average expectations for long-term rentals in the Bonfim area. Although the property is fairly priced, the moderate access to quality schools may limit its appeal to families looking for long-term accommodations. Family rental With a decent condition score of 71/100 and a familial-friendly neighborhood rated at 80/100, this property is well-suited for family rentals. However, being fairly priced means that investors should be cautious and ensure the property attracts the right tenant demographic to secure steady rental income. Buy-and-hold This apartment offers a stable investment opportunity with a fair valuation of €350,000 and a slight gap from its fair market value of €327,216. The solid conditions and neighborhood indicators position it favorable for long-term appreciation, although the property's current price suggests that it may not deliver the high returns typically sought in a buy-and-hold strategy.
Economic fluctuation risk With both economic and tenant stability scores at 80/100, there is a moderate risk that any future economic downturn could impact tenant retention and 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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