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 123 m² on the 1st floor, built in 2024, energy rating B. Located on rua Fontes Pereira de Melo, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The balcony integrates beautifully with the stone-textured facade, while each room offers direct access, enhancing outdoor connectivity and natural light. Condition Notes: Enhanced by high-end finishes and no visible wear.**
The valuation. The asking price of €320,000 sits €12,252 (4.0%) above the determined fair value of €307,748, indicating that the property is fairly priced within the current market context.
Fair value modelled at €307,748 from 6 comparable sales in the area. Asking €320,000 sits €12,252 (4.0%) above — overpriced versus fair value.
Asking €320,000 versus the rua Fontes Pereira de Melo area baseline of €254,599 (€2,070/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 is above the parish average, lifting 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 €254,599, adjusted for condition and micro-location, gives a modelled fair value of €307,748 (€2,502/m²), a €12,252 (4.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Fontes Pereira de Melo | Subject | €320,000 | €2,602 | — | 90 | 69 |
| rua Bartolomeu Dias, 35 | Active | €312,000 | €2,836 | 9.0% | 78 | 73 |
| Alfena · 5b8643 | Active | €255,000 | €2,452 | 5.8% | 74 | 68 |
| rua Humberto Delgado | Active | €289,000 | €2,513 | 3.4% | 78 | 62 |
| autoestrada A41 | Active | €335,000 | €2,597 | 0.2% | 73 | 70 |
| Median comp | €300,500 | €2,555 | 1.8% | 76 | 69 |
Long-term rental The property in Ermesinde offers a modest gross yield of 3.1%, aligning well with the local demand for stable housing options. Given its fair value assessment of €307,748, investors can expect steady rental income without significant price appreciation risks. Family rental This 2-bed apartment is situated in a neighborhood that supports family-friendly amenities, making it an appealing choice for long-term tenants. With a condition rating of 84/100, it is likely to attract families seeking quality accommodations in proximity to Greater Porto. Buy-and-hold Holding this property as a long-term investment could yield consistent income due to the fair valuation and decent tenant quality in the area. This strategy capitalizes on the proximity to Porto's urban amenities while mitigating risks associated with property price volatility in the future.
Potential Economic Downturn The economic stability score of 65/100 indicates a moderate risk of declining economic conditions that could impact tenant demand 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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