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 apartment of 110 m² on the 11th floor, built in 2000, energy rating C. Located on rua Salgueiro Maia, 274, Vilar de Andorinho parish, Vila Nova de Gaia municipality, Porto district. This apartment boasts panoramic views of Vila Nova de Gaia from the 11th floor, enhancing its appeal for those seeking vibrant urban scenery.
The valuation. The asking price of €308,000 is significantly above its fair value of €220,000, resulting in an overpriced assessment of €88,000 (40.0%). This discrepancy suggests the property is not a sound investment at the current price. Buy-to-flip angle. A buy-to-flip strategy would involve acquiring the property for potential upgrades in targeted areas, positioning it for resale to maximize profits given the substantial gap between asking and fair value. Buy-to-let angle. A buy-to-let approach could yield a gross monthly rental income of €950, leading to an estimated gross yield of 3.7%, albeit in a neighborhood rated 67/100, which reflects a mixed appeal for tenants.
Fair value modelled at €220,000 from 5 comparable sales in the area. Asking €308,000 sits €88,000 (40.0%) above — overpriced versus fair value.
Asking €308,000 versus the rua Salgueiro Maia, 274 area baseline of €172,891 (€1,572/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 €172,891, adjusted for condition and micro-location, gives a modelled fair value of €220,000 (€2,000/m²), a €88,000 (40.0%) gap versus the €308,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Salgueiro Maia, 274 | Subject | €308,000 | €2,800 | — | 65 | 67 |
| rua Sophia Mello Breyner | Active | €319,000 | €2,435 | 13.0% | 68 | 71 |
| rua São Tiago, 88 | Active | €250,000 | €1,938 | 30.8% | 68 | 74 |
| Oliveira do Douro · 8002ef | Active | €309,000 | €2,835 | 1.2% | — | 67 |
| parque da Lavandeira | Active | €320,000 | €2,000 | 28.6% | 78 | 71 |
| Median comp | €314,000 | €2,218 | 20.8% | 68 | 71 |
Long-term rental The property is priced at €308,000, which is significantly above the fair value of €220,000, indicating a 40.0% gap. At a gross yield of only 3.7%, this investment lacks attractive income potential relative to its high price. Buy-and-hold Investing in this property at €308,000 does not present a compelling long-term value proposition when compared to its fair value of €220,000. The current condition score of 68/100 suggests that the property may require significant upkeep or upgrades, further complicating its long-term hold strategy. Family rental While the property is situated in a commuting-friendly neighborhood near Porto, its listing price of €308,000 is overpriced against the fair value of €220,000. With a moderate gross yield of 3.7% and a neighborhood score of 67/100, it may not sufficiently attract families looking for affordable rental options in the area.
Tenant turnover risk: With a tenant stability score of 70/100, there is a risk of higher tenant turnover, which could lead to increased vacancy rates and potential revenue loss.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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