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 115 m², energy rating C. Located Lordelo do Ouro e Massarelos parish, Porto municipality, Porto district. This apartment features two balconies with views overlooking the vibrant streets of Boavista, providing a unique outdoor space in a bustling urban environment.
The valuation. The asking price of €510,000 is significantly above the fair value of €371,471, with a difference of €138,529, or 37.3%. This property is overpriced and does not represent a compelling investment opportunity.
Fair value modelled at €371,471 from 6 comparable sales in the area. Asking €510,000 sits €138,529 (37.3%) above — overpriced versus fair value.
Asking €510,000 versus the Lordelo do Ouro e Massarelos, Porto, Porto area baseline of €330,958 (€2,878/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €330,958, adjusted for condition and micro-location, gives a modelled fair value of €371,471 (€3,230/m²), a €138,529 (37.3%) gap versus the €510,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Lordelo do Ouro e Massarelos · ee88e4 | Subject | €510,000 | €4,435 | — | 72 | 72 |
| Canidelo · 90d8ca | Active | €262,000 | €2,519 | 43.2% | 72 | 68 |
| travessa Tenente Valadim S / N | Active | €275,000 | €2,183 | 50.8% | 75 | 80 |
| travessa Capitão Ribeiro, 24 | Active | €270,000 | €2,967 | 33.1% | 72 | 73 |
| Canidelo · 6d5577 | Active | €262,000 | €3,493 | 21.2% | 70 | 74 |
| Median comp | €266,000 | €2,743 | 38.1% | 72 | 74 |
Family rental Despite the family-friendly attributes of the Lordelo do Ouro e Massarelos area, the apartment is overpriced at €510,000, well above the fair value of €371,471. The 3% gross yield does not justify this premium given the economic and demographic factors in the region. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to its current overpricing, with a market gap of 37.3% from the fair value. The mediocre condition and average neighborhood rating diminish the potential for long-term appreciation in value. Long-term rental With a gross yield of 3%, the long-term rental strategy is less attractive here, given that the property is overpriced at €510,000 compared to a fair value of €371,471. The pricing undermines the prospects for achieving competitive rental returns in the current economic climate.
Tenant turnover risk With a tenant stability score of 65/100, there is a higher likelihood of tenant turnover, which could result in increased vacancy rates and costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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