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 127 m² on the 5th floor, built in 2002, energy rating C. Located on rua Padre António da Costa Leite, 41, Rio Tinto parish, Gondomar municipality, Porto district. The apartment boasts expansive city views from the balconies, including a direct sightline to the Estádio do Dragão and Parque Nascente.
The valuation. The asking price of €350,000 sits €36,013 above the fair value of €313,987, indicating that the property is overpriced by 11.5%. This misalignment suggests potential market risks for investors looking to enter. Buy-to-flip angle. A resale or wholesale strategy would likely necessitate renovations to improve appeal and increase value, aiming for a swift turnaround in a competitive market. However, the current asking price may limit profit margins significantly. Buy-to-let angle. The apartment can generate an estimated gross rental income of €992 per month, providing a gross yield of 3.4%. This long-term rental strategy could attract families seeking proximity to Porto’s amenities.
Fair value modelled at €313,987 from 6 comparable sales in the area. Asking €350,000 sits €36,013 (11.5%) above — overpriced versus fair value.
Asking €350,000 versus the rua Padre António da Costa Leite, 41 area baseline of €274,869 (€2,164/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €274,869, adjusted for condition and micro-location, gives a modelled fair value of €313,987 (€2,472/m²), a €36,013 (11.5%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Padre António da Costa Leite, 41 | Subject | €350,000 | €2,756 | — | 70 | 71 |
| rua Padre Joaquim das Neves | Active | €295,000 | €2,398 | 13.0% | 75 | 69 |
| estrada Nova | Active | €359,500 | €2,831 | 2.7% | 70 | 70 |
| rua Joaquim Lagoa | Active | €275,000 | €2,546 | 7.6% | 72 | 76 |
| rua João Vieira S / N | Active | €320,000 | €2,162 | 21.5% | 74 | 74 |
| Median comp | €307,500 | €2,472 | 10.3% | 73 | 72 |
Long-term rental The property is overpriced by 11.5%, which diminishes its attractiveness as a long-term rental investment. With a gross yield of 3.4%, the return may not justify the elevated purchase price in the current market. Family rental Given the proximity to Porto's economic and educational resources, this property could appeal to families; however, its 11.5% premium over fair value makes it less desirable. The average condition score of 74/100 indicates some maintenance may be needed, potentially impacting long-term family appeal. Buy-and-hold Investing in this property as a buy-and-hold plays against its overpricing of 11.5%, potentially limiting the investor's capital appreciation. The neighbourhood's score of 71/100 suggests room for improvement, but the current price may hinder overall investment performance.
Economic Dependency Risk: The property may face challenges in tenant retention due to the relatively low tenant stability score of 75/100, indicating potential turnover and vacancy risks that could affect income.
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