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 118 m², energy rating C. Located Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Feature: The property boasts a well-maintained kitchen with a separate laundry area, enhancing daily functionality for families in a spacious layout. Additional Benefit: Its renovation included external thermal insulation, improving energy efficiency.
The valuation. The asking price of €400,000 sits €62,014 (18.3%) above the fair value of €337,986, indicating that the property is overpriced. Buyers should proceed with caution in a market where value exceeds the asking price substantially.
Fair value modelled at €337,986 from 6 comparable sales in the area. Asking €400,000 sits €62,014 (18.3%) above — overpriced versus fair value.
Asking €400,000 versus the Rio Tinto, Gondomar, Porto area baseline of €323,580 (€2,742/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €323,580, adjusted for condition and micro-location, gives a modelled fair value of €337,986 (€2,864/m²), a €62,014 (18.3%) gap versus the €400,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Rio Tinto · cc9af5 | Subject | €400,000 | €3,390 | — | 65 | 70 |
| estrada Nova | Active | €289,000 | €3,108 | 8.3% | 70 | 71 |
| rua Doctor Severiano | Active | €280,000 | €2,545 | 24.9% | 70 | 73 |
| rua Aires Ornelas, 209 | Active | €300,000 | €3,226 | 4.8% | 66 | 71 |
| estrada Nova | Active | €249,000 | €2,621 | 22.7% | 72 | 70 |
| Median comp | €284,500 | €2,865 | 15.5% | 70 | 71 |
Long-term rental The property's 2.5% gross yield suggests limited potential for attractive returns in a long-term rental strategy. Given its fair value of €337,986, the listing price of €400,000 indicates that the investment is overpriced and may deter prospective tenants seeking value. Family rental While the apartment's spacious layout and reasonable condition may appeal to families, the high listing price of €400,000 places it above fair value. Consequently, families may find better options in the area, making this property an overpriced choice for family rental. Buy-and-hold Investing in this property as a buy-and-hold strategy is hindered by its current price being 18.3% above fair value. With a gross yield of just 2.5%, this overpriced asset may struggle to appreciate sufficiently to justify the initial investment over time.
Tenant turnover risk High tenant turnover could be a concern, given the tenant stability score of 65/100, which suggests potential challenges in maintaining lease agreements and consistent 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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