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 95 m², built in 1984, energy rating E. Located on avenida Novo Rumo, Fânzeres e São Pedro da Cova parish, Gondomar municipality, Porto district. Noteworthy Features: The apartment's prime location near Urban Park Novo Rumo allows for recreational activities, while the fully equipped kitchen enhances both convenience and functionality for modern living.
The valuation. The asking price of €270,000 is slightly above the fair value of €268,900, sitting at just €1,100 (0.4%) over. This positions the property fairly in the current market.
Fair value modelled at €268,900 from 6 comparable sales in the area. Asking €270,000 sits €1,100 (0.4%) above — overpriced versus fair value.
Asking €270,000 versus the avenida Novo Rumo area baseline of €230,927 (€2,431/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €230,927, adjusted for condition and micro-location, gives a modelled fair value of €268,900 (€2,831/m²), a €1,100 (0.4%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Novo Rumo | Subject | €270,000 | €2,842 | — | 76 | 71 |
| Rio Tinto · 6a9274 | Active | €235,000 | €2,765 | 2.7% | 78 | 68 |
| rua Dom João de Castro S / N | Active | €258,000 | €2,660 | 6.4% | 75 | 70 |
| Gondomar (São Cosme), Valbom e Jovim · c83a02 | Active | €205,500 | €2,936 | 3.3% | 80 | 73 |
| rua da Portelinha, 390 | Active | €259,000 | €2,698 | 5.1% | 74 | 77 |
| Median comp | €246,500 | €2,732 | 3.9% | 77 | 72 |
Long-term rental The property's gross yield of 3.6% presents a steady return potential for long-term investments, aligned with the fair market conditions. Its decent condition rating of 80/100 ensures that it can attract reliable tenants, making it a stable addition to a rental portfolio. Family rental With a favorable suburban environment near Porto, this 2-bed apartment offers a supportive setting for families seeking quality housing. The satisfactory school system and low crime rates enhance its appeal within the family demographic, solidifying its rental demand. Short-term vacation rental Although positioned in a suburban area with good access to Porto, the property may not yield optimal returns for short-term vacation rentals given its fair valuation. The moderate neighborhood rating of 71/100 may also deter high-turnover holiday guests, suggesting that alternative rental strategies could be more effective.
Tenant turnover risk With a tenant stability score of 65/100, there is a higher likelihood of tenant turnover, which could lead to increased vacancy rates and associated costs.
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