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, 1-bathroom house of 62 m², built in 1951. Located Custóias, Leça do Balio e Guifões parish, Matosinhos municipality, Porto district. Noteworthy Features: This property includes a sizable 400m² plot with an existing well, offering unique landscaping and gardening opportunities upon renovation. Condition: Profound disrepair necessitating extensive rehabilitation.
The valuation. The asking price of €220,000 is significantly above the fair value of €180,575, reflecting an overpriced status of €39,425 (21.8%). This premium does not justify the current condition of the property. Buy-to-flip angle. A potential buy-and-flip strategy may benefit from lower acquisition costs, targeting buyers interested in fully rehabilitated homes in a desirable neighborhood. However, the current asking price limits profitability. Buy-to-let angle. With a gross yield of 5%, estimated rental income is around €917 per month. Long-term rental strategies could attract families seeking suburban comfort with convenient access to Porto's urban amenities.
Fair value modelled at €180,575 from 6 comparable sales in the area. Asking €220,000 sits €39,425 (21.8%) above — overpriced versus fair value.
Asking €220,000 versus the Custóias, Leça do Balio e Guifões, Matosinhos, Porto area baseline of €236,473 (€3,814/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 24/100 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 €236,473, adjusted for condition and micro-location, gives a modelled fair value of €180,575 (€2,913/m²), a €39,425 (21.8%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Custóias, Leça do Balio e Guifões · e3ad0a | Subject | €220,000 | €3,548 | — | 34 | 75 |
| Aldoar, Foz Do Douro e Nevogilde · d749ad | Active | €1,000,000 | €5,882 | 65.8% | 15 | 66 |
| rua de Trás | Active | €199,500 | €3,325 | 6.3% | 55 | 70 |
| Matosinhos e Leça da Palmeira · 93756f | Active | €390,000 | €7,500 | 111.4% | 30 | 55 |
| Ramalde · 5e6171 | Active | €335,000 | €2,500 | 29.5% | 20 | 75 |
| Median comp | €362,500 | €4,604 | 29.7% | 25 | 68 |
Long-term rental The property's listing price of €220,000 is 21.8% higher than its fair value of €180,575, indicating it is overpriced for the long-term rental market. Despite a decent gross yield of 5%, the significant gap from fair value suggests cautious consideration before investing. Buy-and-hold With a current market price that exceeds its fair value by 21.8%, this 2-bed house is classified as overpriced, which diminishes its attractiveness for buy-and-hold strategies. The subpar condition rating of 24/100 further suggests that potential appreciation may be limited, warranting careful evaluation. Family rental The €220,000 price tag significantly overshoots the fair value estimate of €180,575, categorizing this investment as overpriced for family rentals. Although the location benefits from good amenities and a favorable neighborhood score, the apparent overvaluation complicates the investment's long-term viability.
Economic downturn vulnerability The property may face increased risk during economic downturns, given the economic stability score of 80, which, while decent, suggests potential fluctuations in overall market conditions that could impact tenant occupancy at a 75 score.
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