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 bungalow of 138 m², built in 1982, energy rating D. Located on rua Nova do Oásis, 48, Mindelo parish, Vila do Conde municipality, Porto district. Noteworthy Features: The property boasts high-quality period details such as wood-paneled ceilings and decorative Portuguese tiles, complemented by a serene garden and modernized exterior with dark shingles.
The valuation. The asking price of €390,000 exceeds the fair value of €366,110 by €23,890, or 6.5%. This indicates that the property is fairly valued.
Fair value modelled at €366,110 from 6 comparable sales in the area. Asking €390,000 sits €23,890 (6.5%) above — overpriced versus fair value.
Asking €390,000 versus the rua Nova do Oásis, 48 area baseline of €337,346 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €337,346, adjusted for condition and micro-location, gives a modelled fair value of €366,110 (€2,653/m²), a €23,890 (6.5%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova do Oásis, 48 | Subject | €390,000 | €2,826 | — | 66 | 70 |
| rua de Londres, 305 | Active | €549,000 | €2,590 | 8.4% | 75 | 67 |
| rua da Baixa, 3 | Active | €450,000 | €2,250 | 20.4% | 75 | 64 |
| rua Nossa Senhora de Fátima | Active | €450,000 | €3,462 | 22.5% | 75 | 68 |
| Mindelo · 090031 | Active | €700,000 | €2,692 | 4.7% | 66 | 65 |
| Median comp | €499,500 | €2,641 | 6.5% | 75 | 66 |
Long-term rental This property has a fair yield of 3.6%, which aligns with market expectations in suburban areas near Porto. The modest gap of 6.5% from fair value indicates that it won't significantly underperform in long-term investments. Buy-and-hold With a current listing price of €390,000 being just 6.5% above the fair value, the potential for appreciation is restrained but stable in this neighborhood. Holding onto this asset could lead to steady returns and capital growth over the long run, particularly in a well-rated area. Family rental Given the property's condition score of 70/100 and the family-friendly attributes typical of suburban living, it presents a reasonable option for long-term family tenants. The location's safety and amenities further enhance its appeal, supporting consistent rental demand. Short-term vacation rental This property is not suitable for the short-term vacation rental market due to its suburban location, which may lack the tourist demand found in more central areas. Additionally, the yield does not match the expectations typically required for such an investment strategy. Luxury market The property shows no fit within the luxury market due to its overall condition and neighborhood score. Investors should avoid pursuing luxury tenants in a region that offers average amenities and housing quality. Student housing Given its location and demographic characteristics, this property doesn't align well with the student housing market. The surrounding suburban area near Porto does not provide the high demand necessary for a successful student rental model.
Economic volatility risk With an economic stability score of 75/100 and a tenant stability score of 70/100, there is a risk that fluctuations in the local economy could lead to increased vacancy rates and reduced rental income.
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