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.
4-bedroom, 2-bathroom apartment of 219 m², energy rating B. Located on avenida José Joaquim Ribeiro Teles, Ermesinde parish, Valongo municipality, Porto district. Location advantage: Situated in a prestigious closed condominium with amenities like two outdoor swimming pools, a tennis court, and a barbecue area, providing a resort-like living experience in Ermesinde.
The valuation. The asking price of €490,000 sits slightly below the fair value of €515,124, representing a difference of €25,124 (4.9%). This suggests it is priced fairly within the market context. Buy-to-flip angle. The potential for quick resale is promising, especially with renovations or upgrades to further enhance value due to its high-quality materials. With targeted improvements, the property could attract buyers willing to pay above the current asking price. Buy-to-let angle. The local rental market is ideal for a buy-to-let strategy, with the property's proximity to Porto offering strong demand. Even though the gross yield is currently at 0%, the apartment’s condition and location suggest significant long-term rental potential.
Fair value modelled at €515,124 from 6 comparable sales in the area. Asking €490,000 sits €25,124 (4.9%) below — the upside to fair value.
Asking €490,000 versus the avenida José Joaquim Ribeiro Teles area baseline of €469,084 (€2,142/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €469,084, adjusted for condition and micro-location, gives a modelled fair value of €515,124 (€2,352/m²), a €25,124 (4.9%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida José Joaquim Ribeiro Teles | Subject | €490,000 | €2,237 | — | 65 | 71 |
| rua Trindade Coelho | Active | €480,000 | €1,584 | 29.2% | 71 | 69 |
| Ermesinde · 38b5ac | Active | €297,500 | €2,271 | 1.5% | 70 | 63 |
| rua Manuel Francisco de Araújo, 579 | Active | €330,000 | €2,578 | 15.2% | 72 | 72 |
| Águas Santas · 831350 | Active | €340,000 | €2,073 | 7.3% | 75 | 65 |
| Median comp | €335,000 | €2,172 | 2.9% | 72 | 67 |
Long-term rental The property has a fair market value and yields no gross income, making it a less attractive option for long-term rental investments. Additionally, with the neighbourhood and property condition both rated at 71/100, investor confidence may be subdued by higher vacancy risks. Buy-and-hold While the apartment is fairly priced at €490,000, the potential for appreciation is limited given the zero gross yield and moderate conditions. Thus, the buy-and-hold strategy may result in stagnant returns and less compelling long-term advantages in Ermesinde. Family rental As a 4-bed apartment situated in a neighbourhood rated 71/100, it may attract families looking for stability, yet the fair valuation suggests limited upside for landlords. Moreover, the zero yield could make it a challenging scenario for consistent cash flow, dampening the appeal for family rental purposes.
Low tenant stability risk The tenant stability score of 70/100 indicates a potential risk of tenant turnover, which could disrupt cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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