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, 2-bathroom apartment of 106 m², built in 1985, energy rating C. Located Bonfim parish, Porto municipality, Porto district. Noteworthy Feature: Despite its high-potential location and spacious layout, the property requires extensive remediation due to significant dampness and wall damage, diverging greatly from provided high-end renderings.
The valuation. The asking price of €415,000 is significantly above the fair value of €353,062, representing a discrepancy of €61,938 (17.5%). The property is overpriced based on current market conditions and valuation assessments. Buy-to-flip angle. A buy-to-flip strategy could leverage the property's dilapidated interiors, with potential renovations aimed at appealing to high-end buyers. Targeting a modernized finish could yield a higher resale value in this mixed neighbourhood. Buy-to-let angle. The estimated gross rental yield of 3.5% suggests a monthly rental income of about €1,210, making it a feasible long-term hold. This strategy could attract families seeking proximity to Porto's urban amenities.
Fair value modelled at €339,200 from 5 comparable sales in the area. Asking €415,000 sits €75,800 (22.3%) above — overpriced versus fair value.
Asking €415,000 versus the rua de Gil Vicente area baseline of €402,833 (€3,800/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 39/100 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 €402,833, adjusted for condition and micro-location, gives a modelled fair value of €339,200 (€3,200/m²), a €75,800 (22.3%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Gil Vicente | Subject | €415,000 | €3,915 | — | — | 74 |
| rua Nova de São Crispim, 112 | Active | €320,000 | €3,200 | 18.3% | 40 | 73 |
| Bonfim · a46683 | Active | €315,000 | €3,462 | 11.6% | 34 | 75 |
| Santa Marinha e São Pedro da Afurada · 8005b5 | Active | €275,000 | €2,750 | 29.8% | 45 | 78 |
| rua António Enes | Active | €225,000 | €2,885 | 26.3% | — | 74 |
| Median comp | €295,000 | €3,043 | 22.3% | 40 | 75 |
Long-term rental The 2-bed apartment in Bonfim offers a gross yield of 3.5%, which may not be attractive enough given that the property is overpriced by 17.5% compared to its fair value. Consequently, long-term rental potential may be stifled as higher acquisition costs could limit cash flow. Buy-and-hold Investing in this property as a buy-and-hold strategy comes with risks due to its current pricing, which is 17.5% above fair value. Over time, the potential appreciation may not justify the initial cost, particularly in a neighbourhood with a moderate condition score of 74/100. Family rental While the apartment could serve family rental needs in the Bonfim area, its 3.5% gross yield does not provide a compelling case due to the 17.5% disparity from the fair value. Families seeking quality at competitive prices may look elsewhere given the apartment's compromised condition score of 49 out of 100.
Economic downturn risk With an economic stability score of 70/100, a significant downturn could weaken market demand, affecting rental income and tenant turnover risk.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
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.
Sign in to buy the report or use a credit
