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.
2-bedroom, 1-bathroom apartment of 60 m² on the 2nd floor, built in 1979, energy rating D. Located Santa Marinha e São Pedro da Afurada parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment benefits from a smart attic access, optimizing storage space and offering potential for customization, while its proximity to the forthcoming metro line promises strong future appreciation.
The valuation. The asking price of €229,000 is significantly below the fair value of €323,077, suggesting a strong opportunity for potential appreciation, as it is underpriced by €94,077 (29.1%). Buy-to-flip angle. With the apartment in good condition, a buy-to-flip strategy could target a resale at a competitive price, leveraging its modern finishes and desirable location for a quick turnaround. Buy-to-let angle. The estimated rental income of €725/month results in a gross yield of 3.8%, making it an attractive option for long-term rental strategies, appealing to families given the neighborhood's amenities.
Fair value modelled at €323,077 from 5 comparable sales in the area. Asking €229,000 sits €94,077 (29.1%) below — the upside to fair value.
Asking €229,000 versus the Santa Marinha e São Pedro da Afurada, Vila Nova de Gaia, Porto area baseline of €294,488 (€4,908/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €294,488, adjusted for condition and micro-location, gives a modelled fair value of €323,077 (€5,385/m²), a €94,077 (29.1%) gap versus the €229,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Marinha e São Pedro da Afurada · 5e6521 | Subject | €229,000 | €3,817 | — | 75 | 67 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 99f42a | Active | €295,000 | €7,763 | 103.4% | 65 | 78 |
| rua Leote do Rego, 186 | Active | €280,000 | €4,000 | 4.8% | — | 72 |
| rua Manuel Moreira da Costa Júnior, 553 | Active | €230,000 | €3,710 | 2.8% | 70 | 73 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 6a919d | Active | €350,000 | €5,385 | 41.1% | 71 | 73 |
| Median comp | €287,500 | €4,693 | 22.9% | 70 | 73 |
Long-term rental This 2-bed apartment in Vila Nova de Gaia, listed at €229,000, presents a compelling long-term rental opportunity given its fair value of €323,077, indicating it’s subvalued by 29.1%. With a gross yield of 3.8% and proximity to the Porto metro area, it is set to attract stable tenants seeking suburban living supplemented by urban access. Family rental With a decent condition score of 70 and a neighborhood rating of 67, this property is well-suited for family rentals, capitalizing on its affordable listing price relative to fair market value. The combination of local amenities and access to Porto enhances its appeal to families looking for spacious accommodation. Buy-and-hold As an underpriced asset, this apartment is ideal for a buy-and-hold strategy, anticipated to appreciate over time due to its inherent value gap of 29.1%. The strong economic fundamentals of the region and its suburban characteristics make it a smart long-term investment choice.
Economic vulnerability With an economic stability score of 65/100, the property may be exposed to downturns that could negatively impact rental income and tenant retention.
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