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, 1-bathroom apartment of 123 m², built in 1984, energy rating C. Located on rua Engenheiro Armando de Magalhães, 538, Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The property includes a private yard, enhancing the outdoor living experience and offering a chance for bespoke landscaping despite its deferred maintenance issues in the courtyard.
The valuation. The asking price of €235,000 is below the fair value of €255,803, representing a fair valuation with a discount of €20,803 or 8.1%. This positioning reflects a reasonable market entry point for potential investors. Buy-to-flip angle. The resale strategy focuses on capitalizing on the mixed condition, leveraging the high-quality renovations to enhance appeal. A targeted improvement plan could yield an attractive profit upon resale. Buy-to-let angle. The rental income strategy anticipates a gross yield of 4.5%, with estimated monthly rents around €881. Given the suburban setting and family-oriented demographics, steady rental demand is expected.
Fair value modelled at €255,803 from 6 comparable sales in the area. Asking €235,000 sits €20,803 (8.1%) below — the upside to fair value.
Asking €235,000 versus the rua Engenheiro Armando de Magalhães, 538 area baseline of €237,631 (€1,932/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €237,631, adjusted for condition and micro-location, gives a modelled fair value of €255,803 (€2,080/m²), a €20,803 (8.1%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Armando de Magalhães, 538 | Subject | €235,000 | €1,911 | — | 62 | 68 |
| rua Engenheiro Armando de Magalhães S / N | Active | €245,000 | €2,042 | 6.9% | 70 | 74 |
| Ermesinde · cfe292 | Active | €123,500 | €1,211 | 36.6% | — | 71 |
| estrada Nova | Active | €281,000 | €2,081 | 8.9% | 67 | 64 |
| Alfena · a808a4 | Active | €320,000 | €2,078 | 8.8% | 72 | 67 |
| Median comp | €263,000 | €2,060 | 7.8% | 70 | 69 |
Long-term rental This property presents a gross yield of 4.5%, which is reasonable considering its suburban location within Greater Porto that offers stable demand from long-term tenants. However, the neighborhood's rating of 68/100 suggests that while it is an acceptable investment, it might not attract premium rental prices. Family rental With ample space and a decent neighborhood score, this 3-bed apartment aligns well with the needs of families looking for suitable living arrangements. Its condition score of 70/100 indicates that while it may require minor upkeep, it is still adequate for family-oriented tenants. Buy-and-hold Holding this property could be a strategic move as the market in the Greater Porto area continues to develop, providing potential for future appreciation. Yet, the fair value assessment suggests that while it should hold its value, significant gains may be limited in the current market given the 8.1% gap from fair value. Short-term vacation rental This is not an ideal property for short-term vacation rentals due to its suburban setting, which may not attract the tourist demographic typically preferred in urban centers. Additionally, the lower neighborhood score can deter visitors looking for vibrant, fully amenitized environments. Luxury market The property does not align with luxury market standards, indicating a mismatch between the pricing strategy and the property characteristics. Its amenities and overall appeal are not sufficient to justify a luxury investment approach. Student housing With a suburban location and moderate school quality ratings, the property is not suited for student rental purposes, as students typically prefer areas closer to universities. Additionally, the neighborhood’s profile may not attract the desired demographic of students seeking lively, accessible environments.
Tenant turnover risk With a tenant stability score of only 60/100, there is an elevated risk of higher vacancy rates and associated costs, potentially impacting 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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