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 apartment of 96 m² on the 4th floor, built in 1985, energy rating D. Located on rua Manuel Ribeiro Almeida, 380, Gondomar (São Cosme), Valbom e Jovim parish, Gondomar municipality, Porto district. Noteworthy Features: This apartment offers unobstructed views from its large balcony and includes a pantry for additional storage, enhancing space efficiency in a compact layout.
The valuation. The asking price of €265,000 sits €44,591 (20.2%) above the fair value of €220,409, indicating the property is overpriced. Buy-to-flip angle. A resale strategy could focus on enhancing the apartment's condition to command a premium, attracting buyers willing to invest in a centrally located property. Buy-to-let angle. With an estimated rental income of €795/month, the gross yield stands at 3.6%, making it a potential option for a long-term rental investment despite being overpriced.
Fair value modelled at €220,409 from 6 comparable sales in the area. Asking €265,000 sits €44,591 (20.2%) above — overpriced versus fair value.
Asking €265,000 versus the rua Manuel Ribeiro Almeida, 380 area baseline of €211,213 (€2,200/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 €211,213, adjusted for condition and micro-location, gives a modelled fair value of €220,409 (€2,296/m²), a €44,591 (20.2%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Ribeiro Almeida, 380 | Subject | €265,000 | €2,760 | — | 62 | 75 |
| travessa Adelino Amaro da Costa | Active | €239,500 | €1,947 | 29.5% | 70 | 79 |
| avenida Carvalha, 463 | Active | €265,000 | €2,304 | 16.5% | 68 | 73 |
| rua Alto de Barreiros | Active | €259,500 | €2,448 | 11.3% | 75 | 72 |
| rua do Falcão, 382 | Active | €280,000 | €3,256 | 17.9% | 70 | 77 |
| Median comp | €262,250 | €2,376 | 13.9% | 70 | 75 |
Long-term rental The property’s asking price of €265,000 exceeds the fair value by 20.2%, suggesting it may not generate sufficient rental yield compared to the market. With a gross yield of 3.6% and a condition rating of 67/100, the investment is likely to underperform in comparison to potential alternatives. Buy-and-hold Given the pricing at €265,000 and a fair value of €220,409, this apartment could lead to long-term capital loss as it is overpriced. The current yield of 3.6% is relatively low, which diminishes the investment potential for a buy-and-hold strategy. Short-term vacation rental While the location has appeal due to its proximity to central Porto and good infrastructure, the price of €265,000 remains 20.2% above the fair value. This pricing reduces the attractiveness of the property for a short-term vacation rental strategy, as the expected returns may not justify the investment.
Tenant turnover risk High tenant turnover could be a concern given the tenant stability score of 70/100, indicating potential instability in occupancy and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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