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 house of 78 m², energy rating E. Located on rua Portocarreiro, 420, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The house includes a loft suitable for storage and is already equipped with thermal insulation, enhancing energy efficiency potential with minor upgrades to windows.
The valuation. The asking price of €168,000 is significantly above the fair value of €126,064, with a difference of €41,936, or 33.3%. This verdict indicates that the property is overpriced.
Fair value modelled at €126,064 from 6 comparable sales in the area. Asking €168,000 sits €41,936 (33.3%) above — overpriced versus fair value.
Asking €168,000 versus the rua Portocarreiro, 420 area baseline of €132,571 (€1,700/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 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 €132,571, adjusted for condition and micro-location, gives a modelled fair value of €126,064 (€1,616/m²), a €41,936 (33.3%) gap versus the €168,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Portocarreiro, 420 | Subject | €168,000 | €2,154 | — | 57 | 72 |
| Milheiros · f35de4 | Active | €289,000 | €578 | 73.2% | 61 | 64 |
| Rio Tinto · 653000 | Active | €245,000 | €1,324 | 38.5% | 65 | 71 |
| Milheiros · 6fbdcc | Active | €470,000 | €1,429 | 33.7% | — | 74 |
| rua Dom António Castro Meireles | Active | €350,000 | €2,201 | 2.2% | 58 | 65 |
| Median comp | €319,500 | €1,377 | 36.1% | 61 | 68 |
Long-term rental The property in Ermesinde, Valongo, is overpriced by 33.3% compared to its fair value, which limits its potential competitiveness in the long-term rental market. With a gross yield of 6.2%, it may not be attractive enough for investors seeking reliable returns at this price point. Family rental While the suburban setting of this 2-bed house could appeal to families, the 33.3% gap between listing and fair value positions it as overpriced, potentially deterring family renters looking for value. The condition score of 54/100 further emphasizes the need for caution, given the high investment required relative to expected returns. Buy-and-hold As a buy-and-hold investment, this property’s 6.2% gross yield and valuation gap indicate that it is overpriced, making it less appealing for patient, long-term investors. The attractive proximity to Porto does not negate the significant premium on price, which could reduce the property's appreciation potential over time.
Economic Sensitivity The property faces a risk due to its economic and tenant stability scores both being at 75/100, indicating potential vulnerability in times of economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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