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, 3-bathroom apartment of 129 m² on the 6th floor. Located on avenida Doutor Fernando Melo, 261, Valongo parish, Valongo municipality, Porto district. Noteworthy Features: The apartment boasts a spacious balcony with city views and includes a secure underground parking space. Extra Features: Modern security system installed for enhanced safety.
The valuation. The asking price of €295,000 is significantly higher than the fair value of €259,697, indicating an overpriced situation by €35,303 (13.6%). Buyers should approach this investment with caution given the valuation disparity.
Fair value modelled at €259,697 from 6 comparable sales in the area. Asking €295,000 sits €35,303 (13.6%) above — overpriced versus fair value.
Asking €295,000 versus the avenida Doutor Fernando Melo, 261 area baseline of €214,978 (€1,666/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €214,978, adjusted for condition and micro-location, gives a modelled fair value of €259,697 (€2,013/m²), a €35,303 (13.6%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Fernando Melo, 261 | Subject | €295,000 | €2,287 | — | 80 | 67 |
| rua Montalto | Active | €310,000 | €2,583 | 13.0% | 73 | 68 |
| rua 25 de Abril, 136 | Active | €315,000 | €1,969 | 13.9% | 75 | 64 |
| rua Boaventura Silva de Viterbo, 270 | Active | €385,000 | €2,026 | 11.4% | 83 | 68 |
| Fânzeres e São Pedro da Cova · 937326 | Active | €349,000 | €1,918 | 16.1% | 74 | 68 |
| Median comp | €332,000 | €1,998 | 12.7% | 75 | 68 |
Long-term rental The 3-bed apartment in Valongo is overpriced at €295,000, with a fair value of only €259,697, resulting in a 13.6% gap that diminishes its investment appeal. The gross yield of 3.4% does not justify the elevated price in a neighborhood with a moderate condition score of 67/100. Family rental While the property could cater to families seeking suburban living close to Porto, its overpriced valuation makes it less attractive than competing rentals in the area. Given the apartment’s condition rating of 78/100, the high entry price does not align with the expectations of family tenants looking for value and comfort. Buy-and-hold The buy-and-hold strategy is not advisable for this overpriced property, as the 13.6% gap to fair value indicates poor potential for future appreciation. With a gross yield of only 3.4% coupled with a neighborhood score of 67/100, long-term investment returns are likely to be unsatisfactory in this scenario.
Economic volatility risk The economic stability score of 65/100 indicates potential fluctuations in the local economy that could impact rental income and property value.
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