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 93 m² on the 1st floor, built in 1988, energy rating D. Located on travessa Forno, 174, Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Features: The property includes a spacious 63 m² terrace ideal for entertaining, complemented by an individual 17 m² garage for added convenience.
The valuation. The asking price of €350,000 is €52,206 (17.5%) above the fair value of €297,794, indicating that the property is overpriced. This discrepancy raises concerns about achieving a satisfactory return on investment.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa Forno, 174 | Subject | €350,000 | €3,763 | — | — | 63 |
| rua do Monte Seara | Active | €400,000 | €3,390 | 9.9% | 68 | 75 |
| rua Dom António Castro Meireles | Active | €250,000 | €2,500 | 33.6% | 68 | 75 |
| rua da Ferraria S / N | Active | €302,000 | €2,649 | 29.6% | 65 | 75 |
| Águas Santas · 96c33b | Active | €355,000 | €3,318 | 11.8% | 60 | 70 |
| Median comp | €328,500 | €2,984 | 20.7% | 67 | 75 |
Long-term rental Given the 3.2% gross yield, the potential for long-term rental income is modest and does not effectively offset the 17.5% overpricing relative to fair value. This property may face challenges in attracting tenants due to its poor condition and overall market competitiveness. Buy-and-hold Investing in this property for long-term appreciation appears risky, especially with its current price being 17.5% above fair value. The lack of necessary renovations indicated by its 0/100 condition score further complicates the potential for favorable returns over time. Family rental While the property could theoretically cater to families given the neighborhood's suburban amenities, the significant overpricing presents a barrier to profitability. The 3.2% yield does not justify the high initial investment in a property that lacks appeal due to its dilapidated state. Not ideal for luxury market The apartment's valuation being 17.5% above fair value underscores its unsuitability for the luxury market segment. This overpricing, combined with its condition, detracts from any luxury investment potential. Not ideal for short-term vacation rental The property’s high price and insufficient condition score limit its attractiveness for short-term vacation rentals, which often require a premium appeal. With a 3.2% yield in a mostly residential suburban area, the short-term rental strategy is unlikely to be profitable.
Tenant turnover riskThe economic stability and tenant stability scores of 60/100 indicate a potential for increased tenant turnover, which could lead to higher vacancy rates and associated costs.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
