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, 1-bathroom apartment of 94 m² on the 4th floor, built in 1989, energy rating C. Located Mindelo parish, Vila do Conde municipality, Porto district. Noteworthy Features: This apartment boasts not only a stunning sea view but also a spacious balcony perfect for outdoor entertaining, enhancing the living experience.**
The valuation. The asking price of €290,000 sits €22,342 (8.3%) above the fair value of €267,658, indicating that the property is reasonably priced. This presents an opportunity for investors seeking a properly valued asset.
Fair value modelled at €267,658 from 6 comparable sales in the area. Asking €290,000 sits €22,342 (8.3%) above — overpriced versus fair value.
Asking €290,000 versus the Mindelo, Vila do Conde, Porto area baseline of €235,125 (€2,501/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €235,125, adjusted for condition and micro-location, gives a modelled fair value of €267,658 (€2,847/m²), a €22,342 (8.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mindelo · 0c0664 | Subject | €290,000 | €3,085 | — | 74 | 73 |
| Árvore · 9118b2 | Active | €315,000 | €2,813 | 8.8% | 75 | 65 |
| rua da Chousa | Active | €270,000 | €2,647 | 14.2% | 70 | 67 |
| travessa do Gaiato | Active | €410,000 | €3,534 | 14.6% | 75 | 57 |
| rua N, 7, 50 | Active | €392,000 | €2,882 | 6.6% | 80 | 68 |
| Median comp | €353,500 | €2,848 | 7.7% | 75 | 66 |
Long-term rental This property offers a gross yield of 3.4%, which aligns well with stable rental demands in the Mindelo neighborhood. Its fair value status indicates that while it may not yield immediate below-market opportunities, it remains well-suited for consistent long-term tenancy. Buy-and-hold Given the proximity to Porto's economic activity, this property serves as a solid buy-and-hold investment. The current pricing reflects the fair market condition, making it a reasonable choice for long-term appreciation without immediate price correction potential. Family rental This 2-bed apartment, with a commendable condition score of 76/100, is an excellent fit for family rentals within a sought-after neighborhood. While priced at a fair value, it holds value for families looking for stability in a community close to Porto's amenities.
Economic vulnerability With an economic stability score of 70/100, there is a heightened risk that fluctuations may negatively impact revenue generation from tenants, especially if the tenant stability score of 75/100 does not safeguard against potential default.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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