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 97 m², energy rating D. Located Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Features: This apartment includes two elevators for easy access and an individual garage with space for two additional cars, ideal for urban living convenience.
The valuation. The asking price of €350,000 is significantly above the fair value of €311,696, representing a premium of €38,304 (12.3%). This property is considered overpriced in the current market. Buy-to-flip angle. The buy-to-flip strategy involves updating the apartment with value-add renovations to enhance appeal, aiming for a profitable resale above the current asking price. Targeted renovations could potentially boost its marketability and resale value. Buy-to-let angle. The rental income strategy anticipates generating a gross yield of approximately 2.9%, equating to an estimated €846 monthly income. While the yield is modest, the long-term rental market still presents opportunities for consistent cash flow.
Fair value modelled at €311,696 from 6 comparable sales in the area. Asking €350,000 sits €38,304 (12.3%) above — overpriced versus fair value.
Asking €350,000 versus the Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai, Póvoa de Varzim, Porto area baseline of €272,258 (€2,807/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 €272,258, adjusted for condition and micro-location, gives a modelled fair value of €311,696 (€3,213/m²), a €38,304 (12.3%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 51cbd7 | Subject | €350,000 | €3,608 | — | 64 | 53 |
| praça do Almada | Active | €250,000 | €3,289 | 8.8% | 70 | 64 |
| Vila do Conde · 001a90 | Active | €230,000 | €4,600 | 27.5% | 70 | 61 |
| Vila do Conde · 483b47 | Active | €320,000 | €3,137 | 13.1% | 72 | 62 |
| rua José Afonso | Active | €249,000 | €3,000 | 16.9% | 70 | 68 |
| Median comp | €249,500 | €3,213 | 11.0% | 70 | 63 |
Long-term rental Given its gross yield of 2.9%, this property is not positioned to provide strong cash flow relative to the purchase price of €350,000. With a fair value estimated at €311,696, the gap signals that the asset is overpriced, which may limit earnings potential in the long-term rental market. Value-add renovation The apartment's current condition rating of 70/100 indicates potential areas for improvement that could increase both value and rental income. However, with the property priced above fair value, the costs of renovation may not yield sufficient returns in an already overpriced asset. Not ideal for luxury market This property’s rating of 53/100 in the neighbourhood dimension suggests that it lacks the necessary appeal for luxury buyers. Additionally, the high listing price may deter affluent clients seeking upscale options in a competitive real estate landscape. Not ideal for short-term vacation rental The proximity to main urban centers and limited neighbourhood amenities diminish the attractiveness for short-term vacation rentals. Consequently, the overpriced nature of the property could further complicate potential profitability in this rental strategy.
Tenant turnover risk The economic stability score of 55/100 combined with a tenant stability score of 55/100 suggests a heightened risk of tenant turnover, potentially 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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