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.
1-bedroom, 1-bathroom apartment of 45 m² on the 3rd floor, built in 1990, energy rating C. Located on rua de Dom Manuel II, Lordelo do Ouro e Massarelos parish, Porto municipality, Porto district. Noteworthy Features: This apartment boasts high ceilings that enhance its spacious feel and light hardwood floors that complement the minimalist aesthetic, showcasing a blend of modern luxury within a historic structure. Condition Notes: The property presents as a high-quality, modern renovation within an older building. Interior finishes are excellent, featuring light hardwood floors, high ceilings, and a minimalist aesthetic in the kitchen and bedrooms. The kitchen and bathroom appear recently upgraded with premium materials like stone-effect tiles and integrated appliances. A notable discrepancy exists between the modern interior and the traditional, standard-condition building facade.
The valuation. The asking price of €390,000 is significantly above the fair value of €283,048, reflecting an overpriced status at €106,952 (37.8%). This discrepancy suggests that potential buyers should be cautious regarding their investment.
Fair value modelled at €283,048 from 6 comparable sales in the area. Asking €390,000 sits €106,952 (37.8%) above — overpriced versus fair value.
Asking €390,000 versus the rua de Dom Manuel II area baseline of €272,720 (€6,060/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €272,720, adjusted for condition and micro-location, gives a modelled fair value of €283,048 (€6,290/m²), a €106,952 (37.8%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Dom Manuel II | Subject | €390,000 | €8,667 | — | 84 | 91 |
| rua Chã, 72 | Active | €359,000 | €6,648 | 23.3% | 79 | 75 |
| rua Chã, 72 | Active | €359,000 | €6,527 | 24.7% | 78 | 80 |
| escadas das Verdades, 17 | Active | €1,800,000 | €7,200 | 16.9% | 78 | 78 |
| rua de Camões | Active | €275,000 | €5,978 | 31.0% | 78 | 80 |
| Median comp | €359,000 | €6,588 | 24.0% | 78 | 79 |
Long-term rental The 1-bed apartment in Lordelo do Ouro e Massarelos, listed at €390,000, appears overpriced compared to its fair value of €283,048, indicating a significant 37.8% gap. With a gross yield of only 2.7%, the potential for long-term rental income seems limited against the entry cost. Buy-and-hold Investing in this property as a buy-and-hold strategy is less attractive due to its high listing price, which exceeds its fair value by 37.8%. While the neighborhood scores well with an 81/100 condition and a favorable 91/100 for amenities, the purchase price diminishes the appeal of capital appreciation over time. Value-add renovation While value-add renovation could typically enhance returns, this particular property is overpriced at €390,000 compared to a fair valuation of €283,048. The expected renovations may not provide adequate returns given the existing high acquisition cost and relatively low gross yield of 2.7%. Not ideal for The property is not suited for short-term rental opportunities, as its price surpasses the fair valuation, limiting profitability in that market. Similarly, the 1-bed apartment does not align with the luxury segment, as the market conditions do not justify the premium pricing associated with upscale properties.
Economic Sensitivity: Despite the high economic stability score of 90/100, any slight downturn in the economy could potentially impact tenant retention and rental income, highlighting a risk in future revenue stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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