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.
1-bedroom, 1-bathroom apartment of 55 m², built in 1986. Located on rua da Alegria, Bonfim parish, Porto municipality, Porto district. This apartment boasts a private balcony and attic storage, enhancing its appeal in a desirable downtown location with easy access to public transport.
The valuation. The asking price of €235,000 sits €26,498 (10.1%) below the fair value of €261,498, indicating that this property is underpriced in the current market. Potential buyers may find an attractive purchase opportunity. Buy-to-flip angle. A buy-to-flip strategy could capitalize on enhancing the apartment's aesthetics and upgrading the dated finishes for a higher resale value. With prudent renovations, investors may significantly improve the apartment for a quick turnover. Buy-to-let angle. The estimated gross yield of 4.9% translates to around €960/month, making the property a solid candidate for long-term rental or student housing. With Porto's growing economic and educational appeal, steady rental income seems attainable.
Fair value modelled at €261,498 from 6 comparable sales in the area. Asking €235,000 sits €26,498 (10.1%) below — the upside to fair value.
Asking €235,000 versus the rua da Alegria area baseline of €277,628 (€5,048/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 52/100 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 €277,628, adjusted for condition and micro-location, gives a modelled fair value of €261,498 (€4,755/m²), a €26,498 (10.1%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria | Subject | €235,000 | €4,273 | — | 58 | 76 |
| alameda Santa Eulália | Active | €180,000 | €4,615 | 8.0% | 58 | 72 |
| Santa Marinha e São Pedro da Afurada · 874fe7 | Active | €139,500 | €3,577 | 16.3% | 45 | 62 |
| Oliveira do Douro · 25f64b | Active | €178,500 | €3,967 | 7.2% | 60 | 70 |
| largo Igreja de Paranhos, 12 | Active | €255,000 | €6,071 | 42.1% | — | 71 |
| Median comp | €179,250 | €4,291 | 0.4% | 58 | 71 |
Long-term rental The 1-bed apartment in Bonfim presents a promising opportunity for long-term rental, with a gross yield of 4.9%, appealing to a steady demand in this vibrant neighborhood. Given its fair value of €261,498 compared to the listing price of €235,000, this property is currently subvalued, offering an attractive investment prospect. Student housing With Porto being a major city for education, this property is well-positioned to serve the student housing market, which benefits from consistent tenant demand. The neighborhood's score of 76/100 indicates a favorable location for students, enhancing the property's potential as a viable rental investment. Buy-and-hold Acquiring this property as a buy-and-hold investment aligns with the long-term growth trajectory of Porto's real estate market, particularly in well-rated neighborhoods. With a gap of 10.1% against fair value, this asset offers both immediate cash flow and potential appreciation over time. Not ideal for: The property is not suited for the luxury market due to its condition score of 52/100, which may deter high-end buyers. Additionally, its location and amenities do not cater effectively to the short-term vacation rental segment, reducing its viability in that market.
Economic Dependency Risk: With an economic stability score of 80/100, there's a potential risk if local economic downturns affect tenant income levels, possibly leading to increased vacancy rates despite the relatively high tenant stability score of 75/100.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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