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, 0-bathroom apartment of 96 m², built in 1993, energy rating C. Located Modivas parish, Vila do Conde municipality, Porto district. This apartment boasts a spacious balcony perfect for outdoor relaxation, along with a sizeable private storage room providing added convenience for urban living.
The valuation. The asking price of €299,000 is €25,553 (9.3%) above the fair value of €273,447, indicating that the property is fairly priced for the market. This suggests a balanced opportunity for potential investors.
Fair value modelled at €273,447 from 6 comparable sales in the area. Asking €299,000 sits €25,553 (9.3%) above — overpriced versus fair value.
Asking €299,000 versus the Modivas, Vila do Conde, Porto area baseline of €222,017 (€2,313/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 €222,017, adjusted for condition and micro-location, gives a modelled fair value of €273,447 (€2,848/m²), a €25,553 (9.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Modivas · ec1a47 | Subject | €299,000 | €3,115 | — | 72 | 67 |
| Gião · 4681d2 | Active | €248,000 | €3,024 | 2.9% | 65 | 66 |
| Labruge · 49b975 | Active | €329,000 | €3,538 | 13.6% | 72 | 67 |
| praceta Rio Ave | Active | €310,000 | €2,672 | 14.2% | 71 | 70 |
| rua da Chousa | Active | €270,000 | €2,647 | 15.0% | 70 | 67 |
| Median comp | €290,000 | €2,848 | 8.6% | 71 | 67 |
Long-term rental The 3-bed apartment in Modivas is positioned in a suburban area with reliable access to Porto, making it suitable for long-term tenants seeking stability. However, with a 0% gross yield and a fair value gap of 9.3%, the property is priced appropriately and may not offer significant upside for long-term investment. Family rental In a generally safe and family-friendly neighborhood, this apartment could cater well to families looking for a comfortable living space close to necessary amenities. Despite its fair market placement, potential investors should consider the neighborhood rating of 67/100, which indicates that while it is suitable, there may be better family-oriented options available. Buy-and-hold The buy-and-hold strategy for this apartment may result in stability with tenant occupancy, thanks to the suburban location and accessibility to Porto. Given the static gross yield and the property's fair valuation, it may provide modest returns over time, but enthusiasm for appreciation should be tempered due to the lack of pricing advantage at present.
Economic Vulnerability With an economic stability score of 65/100, the property is at risk of decreased demand during economic downturns, which may affect tenant retention and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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