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 158 m², built in 1992, energy rating D. Located Mindelo parish, Vila do Conde municipality, Porto district. Outdoor Features: This apartment offers a private garden and large terrace for exclusive use, perfect for outdoor dining and relaxation, just a short walk from Mindelo Beach.
The valuation. The asking price of €389,000 exceeds the fair value of €331,572 by €57,428 (17.3%). This property is considered overpriced, which could limit future appreciation and present challenges to potential investors.
Fair value modelled at €331,572 from 6 comparable sales in the area. Asking €389,000 sits €57,428 (17.3%) above — overpriced versus fair value.
Asking €389,000 versus the Mindelo, Vila do Conde, Porto area baseline of €245,864 (€1,556/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 is above the parish average, lifting 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 €245,864, adjusted for condition and micro-location, gives a modelled fair value of €331,572 (€2,099/m²), a €57,428 (17.3%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mindelo · f10a4b | Subject | €389,000 | €2,462 | — | 80 | 63 |
| rua de Roma, 27 | Active | €425,000 | €1,816 | 26.2% | 80 | 71 |
| rua Infante Dom Henrique, 284 | Active | €345,000 | €2,029 | 17.6% | 73 | 63 |
| Árvore · 622b2f | Active | €349,000 | €2,168 | 12.0% | 72 | 74 |
| rua N, 7, 50 | Active | €392,000 | €2,882 | 17.1% | 80 | 68 |
| Median comp | €370,500 | €2,099 | 14.8% | 77 | 70 |
Long-term rental The apartment in Mindelo is overpriced at €389,000, exceeding the fair value of €331,572 by 17.3%. This diminishes the potential prospects for a stable long-term yield, currently at a gross rate of 4.1%. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable given its current overvaluation. The expected growth in capital appreciation may not compensate for the significant initial investment. Family rental This property, set within a neighbourhood rated 63/100, may appeal to families, yet its price tag suggests it is overvalued. An inflated purchase price could impede the ability to attract suitable long-term tenants for family rentals.
Tenant turnover risk The tenant stability score of 65 indicates a moderate risk of turnover, potentially affecting rental income during vacancy periods.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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