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 82 m² on the 1st floor, built in 1976, energy rating E. Located Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. This property boasts a spacious 30 m² terrace, perfect for outdoor entertaining, and is located just steps from the beach, enriching the urban coastal lifestyle.
The valuation. The asking price of €232,000 exceeds the fair value of €199,025 by €32,975, representing a 16.6% premium. This property is not a favorable purchase based on its valuation metrics. Buy-to-flip angle. A resale or wholesale strategy would require significant renovations to capitalize on the property’s current condition and outdated elements, aiming for a higher resale price Post-renovation. Buy-to-let angle. With an estimated gross yield of 5.9%, the property could generate around €1,141 per month in rental income, making it a viable option for long-term family rentals in the area.
Fair value modelled at €199,025 from 6 comparable sales in the area. Asking €232,000 sits €32,975 (16.6%) above — overpriced versus fair value.
Asking €232,000 versus the Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai, Póvoa de Varzim, Porto area baseline of €173,298 (€2,113/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €173,298, adjusted for condition and micro-location, gives a modelled fair value of €199,025 (€2,427/m²), a €32,975 (16.6%) gap versus the €232,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · a80515 | Subject | €232,000 | €2,829 | — | 70 | 59 |
| praça dos Combatentes | Active | €350,000 | €2,303 | 18.6% | 65 | 70 |
| Vila do Conde · 1f3624 | Active | €299,990 | €2,655 | 6.2% | 68 | 63 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 6fbb9f | Active | €349,000 | €2,407 | 14.9% | 75 | 64 |
| rua da Alegria | Active | €259,000 | €2,590 | 8.5% | 70 | 56 |
| Median comp | €324,495 | €2,499 | 11.7% | 69 | 64 |
Family rental The property’s current listing price of €232,000 is 16.6% above its fair value of €199,025, indicating a competitive challenge for attracting families in a suburban area with a moderate neighborhood rating of 59/100. With a gross yield of 5.9%, potential returns might not justify the higher price point for family tenants seeking cost-effective living options. Long-term rental Considering the property's listing as €232,000 against its fair value of €199,025, the 5.9% gross yield may fail to lure long-term renters who are increasingly price-sensitive in this economic climate. The property's condition score of 65/100 coupled with neighborhood concerns further detracts from the investment attractiveness under current market pricing. Value-add renovation The apartment’s listing price of €232,000 exceeds the fair value of €199,025 by 16.6%, making the potential for value-add renovations less appealing within an overpriced context. Renovating may improve condition ratings, but the initial investment risks becoming unjustifiable given the current market price dynamics.
Tenant turnover risk With a tenant stability score of 62/100, there is a moderate risk of frequent tenant turnover, which may lead to increased vacancy rates and associated costs for the property owner.
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