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, 3-bathroom apartment of 122 m² on the 1st floor, built in 2002, energy rating E. Located on rua Padre Leopoldino Mateus, Rates parish, Póvoa de Varzim municipality, Porto district. Noteworthy Feature: The apartment features a dedicated laundry room, enhancing the functionality and organization of everyday living by separating laundry tasks from the kitchen space.
The valuation. The asking price of €289,900 is positioned 6.1% below the fair value of €308,747, indicating a fair market valuation. This suggests that potential investors are not overpaying for this property. Buy-to-flip angle. A buy-to-flip strategy could focus on minor renovations to enhance appeal, fetching a profitable resale in a market that supports property appreciation. With a solid gross return expected, this could yield good short-term returns. Buy-to-let angle. Given the property's mid-range conditions and proximity to Braga, it can attract reliable long-term renters or students, despite the current 0% yield. An emphasis on student housing could capitalize on local educational facilities.
Fair value modelled at €308,747 from 6 comparable sales in the area. Asking €289,900 sits €18,847 (6.1%) below — the upside to fair value.
Asking €289,900 versus the rua Padre Leopoldino Mateus area baseline of €278,683 (€2,284/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 €278,683, adjusted for condition and micro-location, gives a modelled fair value of €308,747 (€2,531/m²), a €18,847 (6.1%) gap versus the €289,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Padre Leopoldino Mateus | Subject | €289,900 | €2,376 | — | 68 | 67 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 3a7309 | Active | €290,000 | €2,522 | 6.1% | 72 | 66 |
| Junqueira · a6d4cf | Active | €330,000 | €2,683 | 12.9% | 74 | 58 |
| Aver-o-Mar, Amorim e Terroso · 53cd33 | Active | €319,000 | €2,681 | 12.8% | 70 | 59 |
| praceta Lions Clube de Trofa | Active | €230,000 | €1,966 | 17.3% | 70 | 71 |
| Median comp | €304,500 | €2,602 | 9.5% | 71 | 63 |
Long-term rental This property offers a fair value positioning with a gross yield of 0%, indicating it may not generate immediate rental income. While the condition and neighborhood score are reasonable, the proximity to Braga provides potential for stable rental demand due to employment opportunities. Student housing The proximity to Braga and access to local educational facilities make this property an option for student housing, despite its current fair valuation. However, the 0% gross yield suggests limited short-term rental viability for this demographic. Buy-and-hold As a buy-and-hold investment, the property is fairly valued with a 6.1% gap to fair value, potentially offering long-term appreciation in the future. Investors may view it as a stable asset; however, the lack of yield currently presents caution in cash flow generation. Not ideal for luxury market Due to its fair valuation and average condition ratings, this property does not align with luxury market expectations. Prospective buyers may wish to focus on other opportunities that better fit the luxury segment. Not ideal for short-term vacation rental Despite its proximity to Braga, the current valuation and the lack of yield render it less suitable for short-term vacation rentals. The property may require significant adjustments to compete effectively in this market segment.
Tenant turnover risk A tenant stability score of 68/100 suggests potential difficulties in maintaining long-term tenants, leading to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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