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, 2-bathroom apartment of 95 m² on the 1st floor, built in 2000, energy rating D. Located on rua Almirante Reis, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: The property includes a private patio with two independent annexes, one suitable for conversion into a studio and the other as a regional kitchen with a barbecue area.
The valuation. The asking price of €290,000 sits €40,117 (12.2%) below the fair value of €330,117, indicating that this property is underpriced. This offers a potential advantage for investors seeking value.
Fair value modelled at €330,117 from 6 comparable sales in the area. Asking €290,000 sits €40,117 (12.2%) below — the upside to fair value.
Asking €290,000 versus the rua Almirante Reis area baseline of €295,374 (€3,109/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €295,374, adjusted for condition and micro-location, gives a modelled fair value of €330,117 (€3,475/m²), a €40,117 (12.2%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almirante Reis | Subject | €290,000 | €3,053 | — | 70 | 59 |
| Vila do Conde · 4b8e69 | Active | €299,000 | €3,602 | 18.0% | 72 | 69 |
| rua Dom Afonso Henriques | Active | €345,000 | €2,674 | 12.4% | 70 | 55 |
| Vila do Conde · 6274a8 | Active | €334,000 | €3,408 | 11.6% | 75 | 65 |
| travessa Elias Garcia, 1 | Active | €279,000 | €2,447 | 19.8% | 67 | 61 |
| Median comp | €316,500 | €3,041 | 0.4% | 71 | 63 |
Buy-and-hold The property is strategically located in a suburban area north of Porto, presenting a promising opportunity for long-term appreciation due to its proximity to the major city. With a fair value of €330,117 and a current listing price of €290,000, the property is subpar in condition but offers a 12.2% gap to fair value, making it a viable buy-and-hold investment. Family rental Given the 3.6% gross yield and a decent tenant quality score, this 2-bed apartment has potential to attract stable family tenants in the area. The property being listed at €290,000, which is 12.2% below the fair value, positions it as an attractive option for family rental ventures despite some condition concerns.
Potential Tenant Turnover Risk With a tenant stability score of 65/100, there is a notable risk of tenant turnover, which could impact rental income and increase vacancy rates during transitions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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