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.
1-bedroom, 1-bathroom apartment of 45 m² on the 3rd floor, energy rating D. Located on rua da Picaria, 16, Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória parish, Porto municipality, Porto district. Noteworthy Features: The apartment includes efficient modern appliances and an abundance of natural light, enhancing its contemporary design and functional ambiance.
The valuation. The asking price sits at €265,000, which is €14,917 (6.0%) above the fair value of €250,083. This positioning suggests that the property is fairly priced in the current market. Buy-to-flip angle. The buy-to-flip strategy focuses on minor renovations to enhance property appeal, enabling resale at a higher price point once market conditions are favorable. Quick turnarounds can capitalize on Porto's growing real estate demand. Buy-to-let angle. With an estimated rental income of €928 per month, the gross yield stands at 4.2%. This makes the property an attractive option for long-term investment in Porto's robust rental market.
Fair value modelled at €250,083 from 6 comparable sales in the area. Asking €265,000 sits €14,917 (6.0%) above — overpriced versus fair value.
Asking €265,000 versus the rua da Picaria, 16 area baseline of €240,429 (€5,343/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €240,429, adjusted for condition and micro-location, gives a modelled fair value of €250,083 (€5,557/m²), a €14,917 (6.0%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Picaria, 16 | Subject | €265,000 | €5,889 | — | 75 | 80 |
| Paranhos · 829036 | Active | €220,000 | €5,946 | 1.0% | 73 | 76 |
| Lordelo do Ouro e Massarelos · 1907a3 | Active | €289,000 | €5,780 | 1.8% | 81 | 80 |
| Bonfim · f10d18 | Active | €230,000 | €4,600 | 21.9% | 76 | 80 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 99f3c6 | Active | €225,000 | €5,625 | 4.5% | 80 | 80 |
| Median comp | €227,500 | €5,703 | 3.2% | 78 | 80 |
Long-term rental The property in Cedofeita is situated in a high-demand urban area of Porto, with a gross yield of 4.2% indicating consistent rental income potential. Given the fair valuation, the modest premium relative to market price suggests stability in long-term rental returns without considerable downside risk. Value-add renovation While this apartment is in good condition (78/100), a value-add renovation strategy could enhance its market value and rental appeal in the thriving Porto housing market. However, considering that the property is currently fairly valued, any renovation efforts would need to be judiciously balanced against the already established price point. Buy-and-hold Investing in this 1-bed apartment as a buy-and-hold strategy can take advantage of Porto’s stable housing demand and good neighborhood ratings. The fair valuation indicates that while the property isn't a bargain, it offers reasonable expectations for long-term capital appreciation without significant immediate risks. Short-term rental This property is not ideal for short-term rental given its valuation status and the competition within Porto’s rental market. Its characteristics suggest that focusing on stability through longer rental agreements would be more beneficial than relying on short-term occupancy rates.
Economic downturn risk With an economic stability score of 85/100, there is a relatively low risk; however, if the economy were to experience a downturn, tenant stability at 75/100 could indicate potential challenges in maintaining rental income during periods of economic stress.
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