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, 2-bathroom apartment of 105 m² on the 1st floor, built in 1988, energy rating D. Located on rua Manuel Monteiro Meireles, 32, Gondomar (São Cosme), Valbom e Jovim parish, Gondomar municipality, Porto district. This apartment features three balconies, enhancing outdoor space with opportunities for relaxation, and a garage, providing convenient parking in a serene residential area.
The valuation. The asking price of €265,000 sits €26,765 above the fair value of €238,235, representing an 11.2% premium. This pricing indicates the property is overpriced based on current market assessments.
Fair value modelled at €238,235 from 5 comparable sales in the area. Asking €265,000 sits €26,765 (11.2%) above — overpriced versus fair value.
Asking €265,000 versus the rua Manuel Monteiro Meireles, 32 area baseline of €243,019 (€2,314/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 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 €243,019, adjusted for condition and micro-location, gives a modelled fair value of €238,235 (€2,269/m²), a €26,765 (11.2%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Monteiro Meireles, 32 | Subject | €265,000 | €2,524 | — | 56 | 74 |
| Gondomar (São Cosme), Valbom e Jovim · be9544 | Active | €270,000 | €2,269 | 10.1% | 50 | 76 |
| rua Centro Republicano Pádua Correia | Active | €269,000 | €2,280 | 9.7% | 54 | 81 |
| Rio Tinto · ba59ac | Active | €240,000 | €1,678 | 33.5% | 45 | 78 |
| rua da Capela | Active | €260,000 | €2,031 | 19.5% | 55 | 63 |
| Median comp | €264,500 | €2,150 | 14.8% | 52 | 77 |
Long-term rental The property, listed at €265,000, is overpriced compared to its fair value of €238,235, indicating limited financial viability for long-term rentals. With a gross rental yield of 4%, investors may find it challenging to achieve desirable returns given the significant gap from the fair market price. Family rental The 3-bedroom apartment in Gondomar is priced 11.2% above its fair value, making it less appealing as a family rental investment. Although the neighborhood scores positively at 74/100, the financials suggest the property may not meet the needs of potential family tenants looking for value. Buy-and-hold This apartment's current valuation of €265,000 falls short against a fair value of €238,235, labeling it as overpriced for a buy-and-hold strategy. While the area benefits from Porto’s influence, investor returns are likely to be hindered by elevated property costs that outpace market fundamentals.
Tenant turnover risk: With a tenant stability score of 65/100, there is a significant risk of higher turnover, which may lead to increased vacancy rates and additional costs for 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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