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 95 m² on the 1st floor, built in 1997. Located on rua da Carreira, 430, Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Features: This apartment boasts direct access to on-site tennis courts and a balcony that provides unobstructed views, enhancing lifestyle convenience and recreational opportunities.
The valuation. The asking price of €385,000 sits €102,416 above the fair value of €282,584, indicating that the property is overpriced by 36.2%. This presents a significant concern for potential investors seeking value. Buy-to-flip angle. A buy-to-flip strategy could capitalize on potential renovations, but the initial investment does not suggest strong profitability given the current asking price and projected resale values. A prudent evaluation is needed before pursuing this route. Buy-to-let angle. The rental income strategy forecasts a gross yield of 3% at approximately €962 per month, appealing to long-term family rentals. However, the neighborhood score of 72 suggests mixed demand dynamics to consider for rentals.
Fair value modelled at €282,584 from 6 comparable sales in the area. Asking €385,000 sits €102,416 (36.2%) above — overpriced versus fair value.
Asking €385,000 versus the rua da Carreira, 430 area baseline of €290,102 (€3,054/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €290,102, adjusted for condition and micro-location, gives a modelled fair value of €282,584 (€2,975/m²), a €102,416 (36.2%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Carreira, 430 | Subject | €385,000 | €4,053 | — | 62 | 72 |
| travessa Ferraria | Active | €259,500 | €3,244 | 20.0% | 64 | 73 |
| rua Doutor Armando José Pereira Tavares | Active | €280,000 | €2,240 | 44.7% | 68 | 70 |
| rua da Estrada Velha, 182 | Active | €285,000 | €3,167 | 21.9% | 75 | 67 |
| Águas Santas · ab7146 | Active | €250,000 | €3,205 | 20.9% | 70 | 64 |
| Median comp | €269,750 | €3,186 | 21.4% | 69 | 69 |
Long-term rental The 2-bed apartment in Rio Tinto is overpriced with a listing price of €385,000 compared to its fair value of €282,584, creating a significant gap of 36.2%. With a gross yield of only 3% and suboptimal condition and neighborhood scores, this property is unlikely to generate solid long-term rental returns. Value-add renovation Given its current condition of 67/100, investing in value-add renovations may not yield sufficient returns due to the existing overpricing at €385,000, which is significantly above the fair value of €282,584. This strategy is risky as the expected increase in property value may not bridge the 36.2% gap to fair value in the current market. Family rental The property is overpriced at €385,000, especially in comparison to its fair value of €282,584, suggesting it may not attract family rentals due to financial constraints. With neighborhood and condition scores of 72/100 and 67/100 respectively, the overall offering fails to justify its high asking price for families seeking quality housing options.
Economic Impact Risk The property’s economic stability score of 70/100 indicates potential fluctuations in the local economy that could affect rental income, while a tenant stability score of 65/100 suggests a higher likelihood of tenant turnover, impacting cash flow consistency.
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