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 99 m² on the 1st floor, built in 1994. Located on rua Simão Bolívar, 169, Cidade da Maia parish, Maia municipality, Porto district. Noteworthy Features: The apartment includes a private terrace accessible from the open-plan kitchen and living room, and features modern, energy-efficient appliances reflecting its newly constructed status.
The valuation. The asking price of €349,000 sits €77,949 (28.8%) above the fair value of €271,051, indicating that the property is overpriced. Investors should proceed with caution given this significant disparity. Buy-to-flip angle. A resale strategy could focus on heavy renovations to boost appeal, followed by listing the apartment at a higher price point in the local market. However, the current asking price may limit profit potential due to its overvaluation. Buy-to-let angle. With an estimated monthly rental income of €1,105, the gross yield stands at 3.8%. While this may attract families seeking stable long-term housing, the property’s high asking price could impede profitability for long-term investors.
Fair value modelled at €271,051 from 6 comparable sales in the area. Asking €349,000 sits €77,949 (28.8%) above — overpriced versus fair value.
Asking €349,000 versus the rua Simão Bolívar, 169 area baseline of €272,138 (€2,749/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €272,138, adjusted for condition and micro-location, gives a modelled fair value of €271,051 (€2,738/m²), a €77,949 (28.8%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Simão Bolívar, 169 | Subject | €349,000 | €3,525 | — | 70 | 69 |
| rua Adelino Amaro da Costa | Active | €330,000 | €2,391 | 32.2% | 68 | 74 |
| rua Gil Eanes, 72 3º | Active | €250,000 | €2,688 | 23.7% | 69 | 65 |
| avenida Dom Manuel II | Active | €387,500 | €2,828 | 19.8% | 68 | 61 |
| rua de José Maria Pedroto, 107 | Active | €350,000 | €2,846 | 19.3% | 80 | 65 |
| Median comp | €340,000 | €2,758 | 21.8% | 69 | 65 |
Family rental The 3-bed apartment in Cidade da Maia is overpriced at €349,000, with a fair value of only €271,051, indicating a significant gap of 28.8%. With a gross yield of 3.8%, potential family tenants may seek more affordable options, given the neighborhood's average standing. Buy-and-hold While the property might seem appealing for a buy-and-hold strategy, its current price of €349,000 does not reflect its fair market value of €271,051, placing it 28.8% above reasonable pricing. The low gross yield of 3.8% highlights that long-term returns may not justify the investment at this price point. Long-term rental Investing in this apartment for long-term rental is less attractive as it is overpriced at €349,000 in light of the fair value of €271,051, leading to a substantial gap of 28.8%. The modest gross yield of 3.8% suggests that rental income may not adequately cover the elevated purchase price, limiting profitability for landlords.
Economic and Tenant Vulnerability: With both economic stability and tenant stability scores at 70/100, there is a moderate risk of fluctuations in rental income and property demand due to potential instability in the local economy and tenant turnover patterns.
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