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.
0-bedroom, 3-bathroom mix_use_building of 279 m², built in 1942, energy rating G. Located on rua Latino Coelho, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: The property offers the potential for a three-story development with setbacks, maximizing both living space and ocean proximity in a prime location. Condition: While currently in need of restoration, the structural integrity remains sound.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. The unique characteristics of the property and neighborhood create uncertainty in valuation.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Latino Coelho | Subject | €245,000 | €878 | — | — | 50 |
| rua Centro | Active | €430,000 | €1,581 | 80.0% | — | 66 |
| praça do Almada S / N | Active | €550,000 | €1,196 | 36.2% | — | 64 |
| rua da Junqueira | Active | €650,000 | €2,167 | 146.7% | 45 | 63 |
| praça do Almada | Active | €987,000 | €1,645 | 87.3% | 70 | 69 |
| Median comp | €600,000 | €1,613 | 83.7% | 58 | 65 |
Long-term rental The property is in a mixed urban-rural area with proximity to secondary cities, providing potential tenants with adequate amenities and employment opportunities. However, the low condition rating of 0/100 suggests that significant renovations will be necessary to attract long-term renters. Buy-and-hold Given the current economic landscape in the area, holding onto this mixed-use building could yield favorable returns if market conditions improve over time. The strategic location may benefit from urban expansion and increased demand for housing in the future, despite the current low yield. Value-add renovation The property's deteriorated state presents an opportunity to significantly enhance its value through targeted renovations, potentially improving both its marketability and rental income. Investing in upgrades could transform the building from a low-quality asset to one that meets the demands of the emerging local market.
Economic and Tenant Instability With both the economic stability and tenant stability scores at 50/100, there is a heightened risk of fluctuating income and potential tenant turnover that could adversely affect cash flow.
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Not enough comparable sales in this area to confidently estimate a fair value.
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