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, 1-bathroom apartment of 93 m² on the 3rd floor, built in 1988, energy rating D. Located on rua do Covelo, Paranhos parish, Porto municipality, Porto district. Noteworthy Features: The apartment's sunroom offers additional natural light and a unique space for relaxation, enhancing its functional layout and modern design.
The valuation. The asking price of €299,000 sits above the fair value of €271,748, reflecting a €27,252 (10.0%) premium. This property is fairly valued, indicating potential investor interest without overestimating its worth.
Fair value modelled at €271,748 from 6 comparable sales in the area. Asking €299,000 sits €27,252 (10.0%) above — overpriced versus fair value.
Asking €299,000 versus the rua do Covelo area baseline of €256,618 (€2,759/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €256,618, adjusted for condition and micro-location, gives a modelled fair value of €271,748 (€2,922/m²), a €27,252 (10.0%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Covelo | Subject | €299,000 | €3,215 | — | 70 | 82 |
| Paranhos · 5da2e8 | Active | €220,000 | €2,683 | 16.6% | 62 | 69 |
| rua José Teixeira Barreto | Active | €249,000 | €3,192 | 0.7% | 70 | 75 |
| Paranhos · 0970ba | Active | €275,000 | €3,354 | 4.3% | 70 | 72 |
| Ramalde · a79ec3 | Active | €259,900 | €3,094 | 3.8% | 73 | 80 |
| Median comp | €254,450 | €3,143 | 2.2% | 70 | 74 |
Long-term rental This 3-bed apartment in Paranhos, Porto presents a yield of 4.7%, which aligns well with the rental market expectations for the region. Given its fair market value relative to the listing price, this property is a suitable option for long-term rentals without significant financial risk. Family rental The apartment’s spacious layout and favorable neighborhood score of 82/100 make it an appealing choice for families seeking rental accommodation. While the property is priced fairly, its features cater to the demand from family tenants looking for a comfortable living environment. Buy-and-hold With a current market listing that is 10% above its fair value, this property offers moderate potential for appreciation over time, particularly given Paranhos's strong neighborhood rating. Investors considering buy-and-hold strategies would find this asset appropriate for a steady rental income, despite the pricing not providing an immediate upside. Not ideal for short-term vacation rental The location and property condition do not favor short-term vacation rentals, as the demand in the area may not support premium nightly rates. Therefore, pursuing this strategy could result in below-average returns compared to other rental approaches. Not ideal for student housing While Paranhos may have some proximity to educational institutions, the property’s condition and price point do not align with the budgetary constraints typical for student housing. Consequently, targeting this demographic might lead to challenges in achieving satisfactory occupancy rates. Not ideal for luxury market The property does not exhibit the defining characteristics typical of luxury accommodations, limiting its appeal to high-income tenants. Additionally, its overall condition rating of 69/100 suggests it may not compete effectively within the upscale rental sector.
Economic Dependency Risk The property is in a market with an economic stability score of 80/100, which, while solid, suggests susceptibility to downturns that could impact rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
