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.
1-bedroom, 1-bathroom apartment of 72 m² on the 3rd floor, built in 2000, energy rating D. Located on avenida Vasco da Gama, 393, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. This apartment features new double-glazed windows for enhanced thermal efficiency and sound insulation, ensuring a comfortable living environment.
The valuation. The asking price of €249,000 is significantly below the fair value of €319,561, presenting an opportunity at a 22.1% discount from fair value. This property is clearly underpriced in the current market. Buy-to-flip angle. A buy-to-flip strategy could leverage the apartment's quality finishes and prime location to attract buyers, allowing for potential resale at a premium price after cosmetic updates. Quick renovations could enhance value significantly. Buy-to-let angle. With an estimated gross yield of 3.7%, generating approximately €768 per month in rental income makes this a viable buy-to-let investment. The coastal proximity and commuting ease to Porto make it appealing to long-term renters and families alike.
Fair value modelled at €319,561 from 6 comparable sales in the area. Asking €249,000 sits €70,561 (22.1%) below — the upside to fair value.
Asking €249,000 versus the avenida Vasco da Gama, 393 area baseline of €287,810 (€3,997/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €287,810, adjusted for condition and micro-location, gives a modelled fair value of €319,561 (€4,438/m²), a €70,561 (22.1%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Vasco da Gama, 393 | Subject | €249,000 | €3,458 | — | 70 | 63 |
| rua dos Ferreiros, 1C | Active | €289,000 | €3,284 | 5.0% | 80 | 64 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 3df4e1 | Active | €330,000 | €4,853 | 40.3% | 78 | 68 |
| Vila do Conde · 0238f8 | Active | €295,000 | €4,338 | 25.4% | 75 | 59 |
| Vila do Conde · a808dc | Active | €295,000 | €4,538 | 31.2% | 75 | 65 |
| Median comp | €295,000 | €4,438 | 28.3% | 77 | 65 |
Long-term rental The 1-bed apartment in Uniao das Freguesias da Póvoa de Varzim offers a gross yield of 3.7%, which is competitive in the context of steady demand due to its coastal proximity and commuting distance to Porto. The current price of €249,000 reflects a 22.1% gap below the fair value of €319,561, positioning this property as a solid long-term rental investment. Family rental With a neighborhood score of 63/100, the location is appealing to families seeking access to good employment options and local amenities, enhancing its rentability. Priced at €249,000 and significantly below the fair value of €319,561, this property is strategically underpriced for family rental occupancy. Buy-and-hold Investing in this property presents an opportunity for capital appreciation, given the strong fair value indication and the lingering demand in the area. At a listing price of €249,000—22.1% less than the fair market value—this asset is an attractive option for a buy-and-hold investment strategy in the evolving property landscape of Póvoa de Varzim.
Potential income instability The combination of a 60/100 economic stability score and a 60/100 tenant stability score indicates a moderate risk of fluctuating rental income and potential tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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