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 house of 170 m². Located Recezinhos (São Mamede) parish, Penafiel municipality, Porto district. Noteworthy Features: The property includes a garage capable of accommodating two cars and offers a unique opportunity for extensive renovation to significantly increase its value.
The valuation. The asking price of €190,000 is below its fair value of €220,570, representing a discount of €30,570 (13.9%). This property is subvalued and presents an appealing opportunity for investors.
Fair value modelled at €220,570 from 6 comparable sales in the area. Asking €190,000 sits €30,570 (13.9%) below — the upside to fair value.
Asking €190,000 versus the Recezinhos (São Mamede), Penafiel, Porto area baseline of €341,980 (€2,012/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €341,980, adjusted for condition and micro-location, gives a modelled fair value of €220,570 (€1,297/m²), a €30,570 (13.9%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Recezinhos (São Mamede) · a6d4ce | Subject | €190,000 | €1,118 | — | 17 | 62 |
| Caíde de Rei · a805a6 | Active | €167,000 | €1,265 | 13.2% | 20 | 63 |
| Vila Meã · 6530e2 | Active | €170,000 | €1,133 | 1.4% | — | 63 |
| Recezinhos (São Martinho) · 25f88b | Active | €117,500 | €1,175 | 5.1% | 45 | 62 |
| Croca · ab714e | Active | €250,000 | €1,330 | 19.0% | 35 | 55 |
| Median comp | €168,500 | €1,220 | 9.2% | 35 | 63 |
Long-term rental The property presents an attractive long-term rental opportunity, with a gross yield of 4%, supported by economic stability from its proximity to Porto. Its condition score of 20/100 suggests a need for improvements, but the fair value indicates that it's still a solid investment. Family rental This house is well-suited for family rental due to its size and suburban location, which offers safety and amenities needed for family life. The substantial gap to fair value indicates potential for appreciation, making it an appealing option for long-term family tenants. Buy-and-hold Investing with a buy-and-hold strategy aligns well here as the fair value is higher than the listing price, allowing for future growth. Given the neighborhood's decent rating and proximity to Porto, this property may appreciate as the local housing market develops.
Economic Vulnerability The property’s economic stability score of 60/100 indicates potential for economic downturns that could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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