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.
4-bedroom, 5-bathroom house of 600 m², built in 1979, energy rating B. Located on praça do Almada, 22, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: This villa boasts a rare private garage capable of accommodating four vehicles in the heart of the historic Praça Almada, enhancing convenience in this consolidated area. Location: Praça Almada, with traditional commerce and beach access nearby. Condition: Above standard quality (Q3) with premium wood and stone elements, enhancing the home's luxury appeal. Note: Minor wall cracks were noted in one bedroom.
The valuation. The asking price of €1,850,000 significantly exceeds the fair value of €1,566,670 by €283,330, indicating the property is overpriced by 18.1%. This discrepancy suggests that potential buyers may want to proceed with caution.
Fair value modelled at €1,566,670 from 6 comparable sales in the area. Asking €1,850,000 sits €283,330 (18.1%) above — overpriced versus fair value.
Asking €1,850,000 versus the praça do Almada, 22 area baseline of €1,236,384 (€2,061/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €1,236,384, adjusted for condition and micro-location, gives a modelled fair value of €1,566,670 (€2,611/m²), a €283,330 (18.1%) gap versus the €1,850,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça do Almada, 22 | Subject | €1,850,000 | €3,083 | — | 74 | 58 |
| Vila do Conde · b32ad3 | Active | €949,900 | €2,878 | 6.6% | 80 | 76 |
| Vila do Conde · 82c7cb | Active | €575,000 | €3,639 | 18.0% | 72 | 61 |
| rua da Igreja | Active | €760,000 | €2,111 | 31.5% | 74 | 53 |
| Aver-o-Mar, Amorim e Terroso · 23f257 | Active | €570,000 | €1,906 | 38.2% | 72 | 60 |
| Median comp | €667,500 | €2,495 | 19.1% | 73 | 61 |
Long-term rental The property is priced at €1,850,000, which represents an 18.1% gap above its fair value of €1,566,670. Given the gross yield of 3.5% and high asking price, it may not meet investor expectations for long-term rental income. Buy-and-hold With a current market listing significantly exceeding its fair value, the potential for capital appreciation may be limited due to its overpriced status. Investors may find that the anticipated returns do not justify the high entry cost in the buy-and-hold strategy. Family rental The market value of €1,850,000 makes this property less attractive for family rental purposes, especially when the fair value indicates a significant overpricing. The lower neighborhood rating of 58/100 could affect tenant demand, further compounding the risk associated with this investment strategy.
Economic Vulnerability With an economic stability score of 55/100, this property faces potential risks from local economic downturns affecting tenant demand and rent prices.
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