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, 0-bathroom apartment of 120 m² on the 2nd floor. Located on jardim do Covêlo Às Fculdades, Paranhos parish, Porto municipality, Porto district. Noteworthy Features: The apartment offers good solar exposure due to its two front layout, enhancing natural light throughout the day despite its lack of an elevator access.
The valuation. The asking price of €340,000 sits €54,795 (19.2%) above the fair value of €285,205, indicating that this property is overpriced. Buyers should be cautious about this premium relative to market expectations. Buy-to-flip angle. The potential for resale could be limited given the high asking price, requiring strategic renovations to enhance value. Quick flips may not yield profitable outcomes unless significant improvements are made. Buy-to-let angle. With an estimated rental income of €1,332/month, the property offers a gross yield of 4.7%. This could attract long-term tenants, particularly families appreciating the suburban environment.
Fair value modelled at €285,205 from 6 comparable sales in the area. Asking €340,000 sits €54,795 (19.2%) above — overpriced versus fair value.
Asking €340,000 versus the jardim do Covêlo Às Fculdades area baseline of €289,660 (€2,414/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €289,660, adjusted for condition and micro-location, gives a modelled fair value of €285,205 (€2,377/m²), a €54,795 (19.2%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| jardim do Covêlo Às Fculdades | Subject | €340,000 | €2,833 | — | 65 | 74 |
| Bonfim · 0dccb8 | Active | €195,000 | €2,167 | 23.5% | 68 | 76 |
| praceta Henrique Medina | Active | €270,000 | €2,250 | 20.6% | 62 | 76 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 1f3633 | Active | €369,795 | €2,845 | 0.4% | — | 76 |
| avenida da Boavista | Active | €345,000 | €3,136 | 10.7% | 85 | 73 |
| Median comp | €307,500 | €2,548 | 10.1% | 68 | 76 |
Long-term rental The property in Paranhos at €340,000 is overpriced compared to its fair value of €285,205, indicating an unjustified investment risk for long-term rental strategies. With a gross yield of only 4.7%, the return does not adequately compensate for the higher purchase price. Family rental Despite being located in a low-crime suburban area of Porto with respectable neighborhood ratings, the property is still overpriced at €340,000 against a fair value of €285,205. Families seeking a rental home may find better options with a more favorable price-to-value ratio in the region. Buy-and-hold Investing in this property as a buy-and-hold strategy is unadvisable since the purchase price of €340,000 greatly exceeds its fair value of €285,205, resulting in a 19.2% gap that detracts from potential long-term value appreciation. Although the area's employment scores support stability, the current valuation presents significant challenges for future growth.
Economic Tenant Instability The economic stability score of 80 indicates a generally strong economy, but with a tenant stability score of 70, there is a risk of potential tenant turnover or vacancy, which may disrupt cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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