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, 1-bathroom house of 187 m², built in 1937, energy rating E. Located on rua Elias Garcia S / N, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The property includes a secondary building with flexible usage options for a microenterprise or workshop, enhancing its investment potential significantly.
The valuation. The asking price of €275,000 is significantly above the fair value of €214,436, representing an overvaluation of €60,564 (28.2%). This suggests that buyers may need to negotiate considerably to align the price with market conditions.
Fair value modelled at €214,436 from 6 comparable sales in the area. Asking €275,000 sits €60,564 (28.2%) above — overpriced versus fair value.
Asking €275,000 versus the rua Elias Garcia S / N area baseline of €258,619 (€1,383/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €258,619, adjusted for condition and micro-location, gives a modelled fair value of €214,436 (€1,147/m²), a €60,564 (28.2%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Elias Garcia S / N | Subject | €275,000 | €1,471 | — | 45 | 68 |
| Ermesinde · e40b29 | Active | €160,000 | €865 | 41.2% | 35 | 73 |
| Alfena · 62292f | Active | €128,000 | €1,778 | 20.9% | 60 | 60 |
| Milheiros · f35de4 | Active | €289,000 | €578 | 60.7% | 61 | 64 |
| Milheiros · 6fbdcc | Active | €470,000 | €1,429 | 2.9% | — | 74 |
| Median comp | €224,500 | €1,147 | 22.0% | 60 | 69 |
Long-term rental The property in Ermesinde is anticipated to yield a 6.3% gross rental income despite being overpriced at 28.2% above its fair value. Given the suburban setting and stable neighborhood characteristics, the long-term rental strategy may attract lower-quality tenants due to the higher purchase price. Family rental With a sizeable 187m² layout, this house may appeal to families looking for more space, yet the 28.2% price premium suggests that potential renters might seek more competitively priced alternatives. The property’s condition rating of 49/100 may further deter families who expect well-maintained homes at this price point. Buy-and-hold As the listing price stands at €275,000, the buy-and-hold strategy appears less appealing given the 28.2% gap from fair value, which may limit future appreciation. Investors should be cautious, as the overpriced nature of the property could yield stagnant growth in a market influenced by proximity to Porto but characterized by moderate conditions and amenities.
Economic Vulnerability The property has an economic stability score of 65/100, indicating potential susceptibility to downturns that could affect rental income.
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