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.
2-bedroom, 1-bathroom house of 294 m², built in 1937, energy rating D. Located on rua da Lavandeira, Figueiras e Covas parish, Lousada municipality, Porto district. Noteworthy Features: This property includes a traditional granary and threshing floor, enhancing its historical charm and offering unique potential for creative redevelopment or agricultural use.
The valuation. The asking price of €185,000 is significantly below the fair value of €334,288, resulting in an undervaluation of €149,288 (44.7%). This presents a compelling opportunity for potential investors. Buy-to-flip angle. With the property priced under fair value, a buy-to-flip strategy could focus on cosmetic renovations to quickly uplift its market appeal and secure a profitable resale shortly after. Buy-to-let angle. Although the gross yield is 0% at present, a strategic buy-to-let approach focusing on long-term rentals and value-add renovations could lead to increased rental income in the future as the area's appeal grows.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Lavandeira | Subject | €185,000 | €629 | — | — | 55 |
| Sobrosa · 8ee86b | Active | €240,000 | €1,034 | 64.4% | — | 69 |
| Paços de Ferreira · 8316a5 | Active | €190,000 | €1,033 | 64.1% | 40 | 60 |
| rua Nossa Senhora da Misericórdia | Active | €297,500 | €1,240 | 97.0% | 70 | 58 |
| rua da Igreja, 56 | Active | €180,000 | €2,000 | 217.8% | 65 | 57 |
| Median comp | €215,000 | €1,137 | 80.7% | 65 | 59 |
Long-term rental The property in Figueiras e Covas offers the potential for long-term rental at a competitive price, given its substantial gap of 44.7% below fair value. With the proximity to Porto enhancing its appeal, this property could attract stable tenants seeking suburban living with good safety standards. Buy-and-hold Investing in this Figueiras e Covas house provides an opportunity for long-term appreciation, as its fair value of €334,288 demonstrates significant upside potential. As the housing market stabilizes and demand in the area increases, the property stands to benefit from rising property values over time. Value-add renovation This property presents a compelling case for value-add renovations, with its current market price significantly undervalued compared to the fair value. By improving its condition from the current score of 0/100, the investor can unlock substantial equity and enhance the rental potential in a neighbourhood rated 55/100 for tenant quality.
Tenant turnover risk The tenant stability score of 60/100 indicates a potential risk of higher turnover rates, which could lead to increased vacancy periods and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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