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 apartment of 215 m², built in 2000, energy rating E. Located on rua Nazarães, 164, Madalena parish, Vila Nova de Gaia municipality, Porto district. Significant Outdoor Potential: The private terrace features ample space for an urban garden and outdoor dining, enhancing the apartment's allure as a serene retreat near the beach.
The valuation. The asking price of €368,970 is significantly below the fair value of €634,104, marking a discount of €265,134 (41.8%). This property is therefore underpriced, offering potential for substantial capital appreciation.
Fair value modelled at €634,104 from 6 comparable sales in the area. Asking €368,970 sits €265,134 (41.8%) below — the upside to fair value.
Asking €368,970 versus the rua Nazarães, 164 area baseline of €579,499 (€2,695/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 €579,499, adjusted for condition and micro-location, gives a modelled fair value of €634,104 (€2,949/m²), a €265,134 (41.8%) gap versus the €368,970 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nazarães, 164 | Subject | €368,970 | €1,716 | — | 78 | 76 |
| Gulpilhares e Valadares · da4651 | Active | €320,000 | €3,168 | 84.6% | 72 | 76 |
| Canidelo · 937292 | Active | €575,000 | €3,305 | 92.6% | 75 | 66 |
| rua Padre Brito, 70 | Active | €299,000 | €3,051 | 77.8% | 73 | 72 |
| Gulpilhares e Valadares · f109fe | Active | €299,000 | €2,848 | 65.9% | 82 | 64 |
| Median comp | €309,500 | €3,110 | 81.2% | 74 | 69 |
Long-term rental The property is positioned to generate a long-term rental yield of 6.6%, indicating attractive cash flow potential for investors. With a fair value assessment highlighting a significant 41.8% gap, the investment presents a compelling opportunity in the Porto metropolitan area. Family rental Given its location in a stable family-oriented suburban environment with a neighbourhood quality rating of 76/100, this 3-bed apartment is ideal for long-term family rentals. The property’s condition score of 78/100 suggests that it is well-maintained and appealing to tenants looking for a comfortable home. Buy-and-hold This investment aligns well with a buy-and-hold strategy as the property is subvalorizada at €368,970 versus its fair value of €634,104, ensuring a significant potential for appreciation. The combination of a strong rental yield and stable neighbourhood characteristics further supports its prospects for long-term value growth.
Economic Downturn Risk The combined economic stability and tenant stability scores of 75/100 indicate a moderate risk of decreased demand, which may affect rental income stability.
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