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 penthouse of 270 m² on the 4th floor, built in 2006, energy rating B. Located on rua Cidade de Barcelos, 218, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. This penthouse features a massive 140 m² terrace ideal for entertaining, boasting unobstructed sunset views and a premium kitchen equipped with Bosch Series 8 appliances.
The valuation. The asking price of €695,000 is slightly above the fair value of €684,122, indicating a difference of €10,878 or 1.6%. This property is fairly priced for the current market conditions.
Fair value modelled at €684,122 from 5 comparable sales in the area. Asking €695,000 sits €10,878 (1.6%) above — overpriced versus fair value.
Asking €695,000 versus the rua Cidade de Barcelos, 218 area baseline of €495,496 (€1,835/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 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 €495,496, adjusted for condition and micro-location, gives a modelled fair value of €684,122 (€2,534/m²), a €10,878 (1.6%) gap versus the €695,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Barcelos, 218 | Subject | €695,000 | €2,574 | — | 85 | 64 |
| rua das Urzes | Active | €399,000 | €2,404 | 6.6% | 75 | 66 |
| Vila do Conde · 3d9779 | Active | €385,000 | €2,567 | 0.3% | 75 | 59 |
| Aver-o-Mar, Amorim e Terroso · ab71a1 | Active | €375,000 | €2,534 | 1.6% | 85 | 59 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 1625e6 | Active | €419,000 | €2,479 | 3.7% | 84 | 63 |
| Median comp | €392,000 | €2,507 | 2.6% | 80 | 61 |
Long-term rental The property is fairly priced at €695,000, which is only 1.6% above the fair value of €684,122. Given its 0% yield and decent condition rating of 87/100, it may struggle to generate attractive returns for long-term rental investment. Family rental At a fair valuation of €695,000, slightly above the fair value, the property may appeal to families looking for space and comfort, with its 270m² layout. However, the low yield of 0% and a neighbourhood rating of 64/100 suggest limited rental demand that could impact family-centric investment prospects. Buy-and-hold With a price of €695,000 that represents a marginal 1.6% premium over the fair value, holding this property may be reasonable for long-term appreciation given its proximity to Porto. Nevertheless, the 0% yield indicates that relying solely on rental income will not be viable, making it less attractive for a buy-and-hold strategy.
Economic Vulnerability The economic stability score of 65/100 indicates potential exposure to economic downturns, which could affect rental income reliability and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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