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, 4-bathroom house of 246 m². Located on travessa da Costa, Melres e Medas parish, Gondomar municipality, Porto district. This property features a large tiled terrace with stunning views of the Douro River, ideal for outdoor entertaining or relaxation amidst nature.
The valuation. The asking price of €590,000 is slightly above the fair value of €585,714 by €4,286 (0.7%). This places the property at an acceptable price point, consistent with its assessed market conditions.
Fair value modelled at €585,714 from 6 comparable sales in the area. Asking €590,000 sits €4,286 (0.7%) above — overpriced versus fair value.
Asking €590,000 versus the travessa da Costa area baseline of €546,302 (€2,221/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €546,302, adjusted for condition and micro-location, gives a modelled fair value of €585,714 (€2,381/m²), a €4,286 (0.7%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa da Costa | Subject | €590,000 | €2,398 | — | 62 | 71 |
| Melres e Medas · 49b688 | Active | €1,650,000 | €6,066 | 152.9% | 70 | 63 |
| Foz do Sousa e Covelo · a8ed6a | Active | €1,850,000 | €3,008 | 25.4% | 65 | 75 |
| Sandim, Olival, Lever e Crestuma · 6a94b8 | Active | €350,000 | €2,244 | 6.5% | — | 67 |
| Melres e Medas · 0c0570 | Active | €380,000 | €1,234 | 48.6% | 74 | 70 |
| Median comp | €1,015,000 | €2,626 | 9.5% | 70 | 69 |
Long-term rental The property in Melres e Medas offers a fair value alignment with its listing price, indicating stability in investment potential. However, with a gross yield of 0% and a condition score of 67/100, it may not provide significant returns in the long run. Family rental This 3-bedroom house could attract families looking for suburban living near Porto, suggesting reasonable demand in the rental market. Nevertheless, its fair valuation indicates that the potential for rental income may be limited, especially with no discernible yield. Buy-and-hold Holding this property in Melres e Medas could work well for investors aiming for long-term appreciation, given the location's strong housing demand. However, the lack of yield and a fair value assessment suggest that capital growth may take time to materialize. Not ideal for Luxury market, Short-term rental, Student housing.
Moderate Tenant Default Risk With both the economic and tenant stability scores at 75/100, there is a moderate risk that tenant defaults could occur if local economic conditions fluctuate negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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