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 81 m², built in 2026, energy rating B. Located on rua Vasco da Gama, 292, Fânzeres e São Pedro da Cova parish, Gondomar municipality, Porto district. Noteworthy Features: The property is a legally converted commercial space with a unique open floor plan and integrated living area, maximizing usable space despite its basement location.
The valuation. The asking price of €215,000 sits significantly above the fair value of €181,371, representing an overvaluation of €33,629 or 18.5%. This indicates that the property is overpriced in the current market context.
Fair value modelled at €181,371 from 6 comparable sales in the area. Asking €215,000 sits €33,629 (18.5%) above — overpriced versus fair value.
Asking €215,000 versus the rua Vasco da Gama, 292 area baseline of €224,278 (€2,769/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 28/100 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 €224,278, adjusted for condition and micro-location, gives a modelled fair value of €181,371 (€2,239/m²), a €33,629 (18.5%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama, 292 | Subject | €215,000 | €2,654 | — | 20 | 73 |
| Baguim do Monte (Rio Tinto) · 8750de | Active | €325,000 | €2,321 | 12.5% | 35 | 74 |
| rua Campaínha, 139 | Active | €180,000 | €5,625 | 111.9% | 45 | 76 |
| Fânzeres e São Pedro da Cova · ba5b61 | Active | €259,000 | €1,850 | 30.3% | 45 | 73 |
| Ermesinde · 38c270 | Active | €220,000 | €2,157 | 18.7% | 58 | 66 |
| Median comp | €239,500 | €2,239 | 15.6% | 45 | 74 |
Family rental This property is not a suitable investment for family rental due to its current overpriced status, with a gap of 18.5% from fair value. Additionally, its low condition rating of 28/100 suggests significant maintenance concerns that may deter potential tenants seeking family housing. Long-term rental The property, priced at €215,000, is not ideal for long-term rental investments as it is overpriced compared to its fair value of €181,371. Furthermore, with a gross yield of 0%, this investment may not generate enough income to justify the purchase price. Buy-and-hold Investing in this buy-and-hold strategy is not recommended given the 18.5% gap from fair value and the property being overpriced. The low condition score of 28/100 raises concerns about long-term capital appreciation, as significant refurbishment costs may be needed to attract future buyers or tenants.
Economic Dependence Risk The property may be subject to economic fluctuations given its economic stability score of 70/100, which indicates moderate vulnerability to market changes.
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